Word: ica
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Specifically, Ladejinsky was kicked out for having broken ICA's conflict-of-interest regulations by investing in a Formosan glassmaking company that had received some $600,000 in U.S. Government financing. ICA explained that Ladejinsky, while on an official mission to Formosa, gave a $3,000 check to a Chinese friend, who cashed it on the black market and bought stock in the glassmaking firm. Said ICA: "At the official rate of exchange, this check at that time would have purchaised 60 shares of stock. As a result of the higher rate of exchange obtained by this illegal transaction...
...Newscaster Richard T. Sutcliffe, associate director of press, radio & television for the United Lutheran Church in Amer ica, broadcast his list of the ten top religious news stories of 1955: 1) the illness, recovery and vision of Pope Pius XII, 2) Christian missionaries released by Red China, 3) Evangelist Billy Graham's sweep of Western Europe, 4) Dictator Peron's "failure to choke Argentine Roman Catholics," 5) Princess Margaret's stand for the "indissolubility" of Christian marriage, 6) Lutheran heresy trials, 7) collapse of negotiations for the proposed merger between northern and southern Presbyterians, 8) indecision...
...International Cooperation Administration, as the focus for all economic aid was one of the major points in the President's expanded aid program. With increased funds from Congress, the ICA was to meet what Eisenhower called the "critical needs" for more economic development throughout the world. This week, however, the director of the ICA, John B. Hollister, revealed that the Administration plans to hold back as much as 20 percent of this year's economic funds appropriated by Congress, so that the President will have a $100 million emergency reserve fund...
...Under the pretext of Atlantic solidarity, they are asking France to take precautions against the Soviet danger before taking precautions against the German danger," cried rightist General Adolphe Aumeran. "Without our agreement Amer ica will not dare rearm Germany." Insisted Gaullist Jacques Soustelle: "Every effort to get a modus vivendi with the East must be sought first. Logic dictates it . . . an alliance with Russia is a geopolitical must for France." Complained old Paul Reynaud, the man who was Premier in 1940 when France fell: "The Paris accords give the political hegemony to England and the military hegemony to Germany." Doddering...
Canada's Ambassador to Washington, Arnold Heeney, last week tried a new approach to win support for lower U.S. tariffs and fewer restrictions on Canadian exports. Speaking to a convention of the Investment Bankers Association of Amer ica at Hollywood, Fla., Heeney passed lightly over Canada's case for increased trade, instead stressed the self-interest of U.S. investors in Canada's prosperity. "Whether or not Americans realize it," he said, "they have acquired an important stake in Canada's foreign trade...