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...EDB's request, SPAB last week approved the allocation of 218,000 metric tons of scarce U.S. tinplate to 19 Latin American countries* enough to stock their canners for this season. By this week's end, similar allocation approvals were expected on iron & steel, tanning materials, soda ash, farm equipment, anhydrous ammonia, rayon, cork, borax and acetone; eventually on 101 products...

Author: /time Magazine | Title: Business: EDB Swings into Action | 12/15/1941 | See Source »

...blueprint a world economic balance sheet on which all future allocations will be based, SPAB is compiling U.S. Army, Navy and military Lend-Lease requirements; OPA the U.S. domestic requirements; EDB, the requirements of the rest of the world. If, as subordinates suggest, EDB gets control of Lend-Lease and RFC foreign lending powers (especially of the Export-Import Bank), it will be the distribution center for all U.S.-controlled materials throughout the world...

Author: /time Magazine | Title: Business: EDB Swings into Action | 12/15/1941 | See Source »

Their toasts and speeches were exceptionally friendly because EDB's Milo Perkins had finally won his fight to bring the Latin Republics into the U.S.'s own program of scarcity manipulation, instead of insulting them with paper priorities that turned out to be no good...

Author: /time Magazine | Title: Allocation & Champagne | 11/10/1941 | See Source »

...hemisphere needs alongside of the domestic needs & supply study on which Donald Nelson has been working for weeks. While Don Nelson's inventory study was still in the study stage, Colonel Lord's "globular survey" last week appeared to be coming out of the woods. This week EDB will present to OPM Venezuela's itemized 1942 needs for strategic materials and machinery. No non-strategic items were included, and the list was pared to the bone by Señores Mendoza and Boulton, rechecked by Colonel Lord's office. The agreed-upon total (10% less than...

Author: /time Magazine | Title: Allocation & Champagne | 11/10/1941 | See Source »

...EDB does not expect OPM to O.K. all of Venezuela's needs without a battle. First big fight ahead will concern whether EDB can get a blanket approval, or will have to haggle over every item. If Colonel Lord wins that battle it will be a precedent for deals with the other 19 republics. His strongest arguments: 1) these are minimum needs, for which the Latin American countries are willing and eager to pay; 2) if they are not granted, in too many cases the war-straitened economies of these nations may collapse; 3) hemisphere solidarity is worth...

Author: /time Magazine | Title: Allocation & Champagne | 11/10/1941 | See Source »

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