Word: gsa
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Last week Harvey agreed to pay for the lines itself. In return, GSA-agreed to give Harvey financial help with the plant in the form of federal loan guarantees, fast tax write-offs and a Government promise to pay in advance for as much as 155,000 tons of aluminum...
...available relief funds of $100 million, rehabilitation loans of $1 billion for flood-ravaged defense plants and small businesses. Meanwhile, other Government agencies were swiftly mustering all their resources for flood relief, and a stream of Army engineers, Public Health Service doctors, nurses and drugs, Agriculture Department food surpluses, GSA and Army cots and blankets, and Labor Department unemployment checks was flowing into the water-logged Northeast. As coordinator of the Government's relief activities, the President named Civil Defense Administrator Val Peterson...
...General Services Administration has found new ways to handle its chores with the aid of private businessmen. Suppliers now deliver fuel oil and coal directly to users instead of to Government dumps, thereby eliminating extra freight and handling charges. GSA also hired commercial truckers to distribute supplies from central depots to scattered Federal agencies, found it worked so well that it is now using them in more than half the nation. To help the Government sell a $90 million chunk of its surplus real estate, GSA called in private brokers to find clients and to close sales. Elsewhere, the Government...
...market value of company stock soared. From stock sales, the three founders pocketed at least $175,000, at least $85,000 of it Fischnaller's. Since the first loan. U.S. Tin has produced $283,519 worth of tin and tungsten, less than 10% of the Government investment. GSA men are hoping to salvage the operation, and speak optimistically about current production rates. But the clear conclusion is that the U.S. has lost a lot of money at Lost River...
Furthermore, economists now recognize that competition is not just between corporations in one industry; it is also between rival industries, e.g., coal competes with oil and gas. Last week the General Services Administration itself argued this when the Justice Department turned down a GSA plan to sell the Government's biggest magnesium plant to Dow Chemical Co. on the ground that the sale would give Dow a complete monopoly in magnesium. But GSA argued that such a monopoly would not hurt consumers because Dow would be held in check by competition from other metals...