Word: ega
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Tucked in with EGA, the President's Point Four program, to give technical aid to backward areas and encourage U.S. private investments abroad, squeaked through (37-36) to become duly authorized for the first time by Congress. The Senate voted the $45 million Harry Truman asked for; since the House authorized only $25 million, the difference will have to be fought out in conference...
...Socialism. But they have certainly abandoned it as an instrument or aim of government policy . . . [There is] a deeper dilemma which can only be escaped by a retreat along the whole Socialist front. It is simply that everybody-not just the well-to-do-is and feels overtaxed. The EGA has calculated that the taxes paid by ... 80% of the population . . . amount to 67 shillings per family per week, while their share of government welfare expenditures-food and housing subsidies, social insurance, free medical care, etc.-amount to only 57 shillings. In other words, the fact that nothing is really...
...like your spicy lingo, and I reckon that regulars figure out the initialese (G.O.P., EGA, etc.). It's fairly easy now to follow Big John with his sidekicks in a souped-up Caddy to the hot-stove-league ball game at the jampacked Rose Bowl . . . I could creep into a flophouse, speakeasy, hot-spot or crap-joint with a pretty clear idea of what I'd be in there for. And although I admit that there are times when I could cheerfully hospitalize your typewriter-pecking hoodlums with a double whammy from Fowler's English Usage...
...strictures to Italy were delivered by James D. Zellerbach, chief of the EGA mission in Rome. He did not threaten to discontinue aid, but many a complacent illusion was destroyed, nonetheless...
...government, too, was dragging its feet, Zellerbach continued. A system of taxation which puts 43 taxes on a man's morning cup of coffee "tends to discourage business initiative and increase costs." Another obstacle to economic progress was the Italian bureaucracy. "A friend visited me," recounted the EGA chief, "and noticed a rug made here in Italy. He asked me to send samples and prices. After a month or two of trying to get all the necessary permits . . . my secretary gave up in despair, and the samples were never sent. Undoubtedly, much business has been lost for Italy...