Word: ega
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...midsummer 1950, five years and eight billion EGA dollars after V-J day, Western Europe was nicely back on its feet. Its industrial production was higher than in 1938. Then came Korea. Prodded by the U.S., Europe grudgingly agreed to rearm. U.S. arms production got going first, though slowly (see NATIONAL AFFAIRS), and in the worldwide inflation that followed, Europe's convalescing economy suffered a setback. Last week, in two countries, it was in perilous condition...
...Congressmen are hopping around the Pacific inspecting the U.S.'s scattered trust territories; about 35 are headed for Latin America. Most Congressmen concentrated on Europe. Traveling House members swarmed into Europe to study U.S. bases, embassies, loan operations and EGA efforts...
...will build a 300-room, ten-story hotel in Istanbul, which now has no hotel with more than 100 rooms. Like his other foreign hotels, the new Hilton will have a swimming pool, tennis courts, etc. The Turkish government is putting up $4,800,000(part of it under EGA guarantees) to build it; Hilton will provide the working capital and management for one-third of the profits...
...Taft and Illinois' Douglas, it would have put administration of foreign aid in the hands of a single agency (as the House had voted). The amendment was defeated by a majority which preferred to leave control of the money divided between the State Department, the Pentagon and EGA...
...watched G.I.s start this thing, with their ready response to 'Gum, chum?' shouts by English kids, their handout cigarettes in France, even their swapped watches when they met their allies, at that time the Russians. EGA, in similar spirit and greater substance, continued the job. This governmental first aid is about over and a bigger rehabilitation job is getting under way. American goods, methods, ideas have gone out only in samples...