Word: ega
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...price of national defense for this year (including EGA, AEC, MAP), estimated last January at about $19 billion, had leaped to $44 billion since Korea...
...quarrelsomeness." Added Connecticut's Brien McMahon: "These masters of hindsight seek to cut themselves in on the victories of our foreign policy and to divorce themselves from our defeats . . . The record shows that more than one-half of the Republican party has vigorously opposed ... the Greek-Turkish, EGA and Atlantic Pact policies...
...Government administrator cannot do the same. He is entitled to expect a shake-out in nonessentials-and everyone knows they are there-before resort is had to tax increases." The Letter said that big cuts could be made in farm price supports, federal mortgages on housing, public works, EGA spending, and Fair Deal programs for health, education, etc. Total savings: $5 billion...
Such swift work was nothing new for American Export. On-the-dot schedules for its "Aces" and 24 all-cargo vessels clear five ships from New York every week. In 1949 American Export completed 160 voyages, carried autos, lubricating oils, tires and EGA foodstuffs to the Mediterranean and India, hauling more than half of all U.S. ocean cargo to that area. Its return shipments were more exotic: monkeys from Calcutta, leopard skins from Yemen, Italian vermouth, Turkish tobacco. From its 1,490,548 tons of freight and 13,337 passengers, American Export rolled up a $5,900,000 profit. American...
...Nationalist government. Wu, good friend of General Chen, has vigorously enforced his land-reform program, which provides that farmers are to pay rents no higher than 37.5% of their crop (in the past, rents ran as high as 75%). The land reform has been partly financed by EGA and carried out with the help of a remarkable, little-known organization composed of U.S. and Chinese technicians called the Joint Commission for Rural Reconstruction, which has done important work teaching Formosans modern agricultural techniques...