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...presence of President Gabriel Gonzalez Videla and U.S. Ambassador Claude G. Bowers, Chile last week formally inaugurated its $88 million Huachipato steel plant, second largest in Latin America. Built with the help of a $48 million U.S. Export-Import Bank loan, the mill is the key unit in Chile's industrialization drive. Since its ultimate annual output of 350,000 tons is three times Chile's present needs, the plant will be able to help supply the needs of Chile's neighbors, will be of great strategic value in time...
...York destination, a Japanese export license was easily obtained. In transit, the copper was resold to agents of Red China. Since the shipment originated in Japan, the copper was exempt from U.S. export controls when it passed through New York. Said Jerome Kohlberg,* president of the Kane Import Corp. which bought & sold part of the copper: "We acted in accordance with all Government regulations...
...longer to ignore the will of Congress, despite its own contempt for the Franco dictatorship, the Administration did its best to make it look as unlike a Marshall Plan project as possible. ECA would send no mission to Madrid, would leave the handling of the money to the Export-Import Bank...
...Tito to offset a famine which might, said the President, topple Tito from power. President Truman did not deny that Tito was a Communist; he simply did not mention it. "Tito's defection from Kremlin control represents the first setback for Soviet imperialism and as such is an important political symbol," explained Mr. Truman. "Tito controls the largest fighting force in Europe except the Soviet Union and . . . these forces constitute an important element in the defense of Western Europe against Soviet aggression." The President wanted Congress, when it reconvened Nov. 27, to approve emergency funds to feed the drought...
When the Shah of Iran visited the U.S. last year, he got a royal welcome that laid the groundwork for a $25 million Export-Import Bank loan. Day by day, through an Iran relay station, the Voice of America beamed an account of the Shah's glad-hand tour. When the Shah returned to his country he decided to continue the Voice relays. For 15 minutes daily since then, the Voice has been heard from the Teheran medium-wave station. Last week the Shah's government silenced the VOA relay broadcasts. The order came a few days after...