Word: ega
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...Americans present ourselves and our way of life to other peoples . . . through the press, the movies, the radio, EGA, world trade, and as tourists . . . The more conscious we are of this, the more careful we are likely to be to see that these contacts are friendly, honest and helpful. You have earned the thanks of many by giving a sampling of what one important contact, the Voice of America [TIME, May 1], is telling the world, and of the world's reaction. It is a reassuring report...
...technicians. Indo-China should get $23 million for agricultural and public-health improvements, he said. About $11 million apiece should go to Indonesia, Burma and Siam, and $5,000,000 to Malaya. There were no legislative problems about the money: it could come out of the $100 million EGA appropriation for the "general area of China" which Congress was expected to send to the President this week...
Chiang neither ducks the sorry facts of his government's failures on the mainland, nor denies that much past aid was dissipated in those disasters. Chiang suggests a military EGA, in effect an effort similar to that directed by U.S. Lieut. General James A. Van Fleet in Greece. Who would direct such an undertaking in Formosa? The Generalissimo would consider it "reasonable" for General MacArthur, as Supreme Commander for the Allied Powers, to assume responsibility for Formosa's integrity pending the signing of a Japanese peace treaty. But Chiang insists that there be no infringement of China...
...bankers and Government officials had ever felt reluctant about extending Argentina credit, that feeling had evaporated. At least six U.S. Government agencies-the Departments of State, Commerce and Treasury, EGA, the Federal Reserve Bank and the Export-Import Bank-had rated Argentina a good credit risk. The State Department hoped that this economic assistance might also help to make Argentina a better political risk. But that remained to be seen...
...investment of U.S. private capital made in Italy since war's end, Standard Oil Co. (N.J.) last week paid $10 million for a half-interest in two Italian refineries, plunked down another $2,000,000 for purchase of extra equipment. To help safeguard the investment Standard got an EGA guarantee that it can convert at least $14,487,500 of its Italian dividends into dollars over the next twelve years. It is the largest EGA guarantee yet, the first to an oil company. By the deal, Standard got 50% of the capital stock of Italy's ANIC (Azienda...