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Clay Calhoun, as his name suggests,* looks like a solid Southern gentleman. A handsome 30-year-old with a fullback's build, he has a flourishing export-import business in New Orleans. He also has a millionaire father-in-law-hearty, red-faced William Stevens of Miami, a building contractor in Venezuela since the days of President Isaías Medina...

Author: /time Magazine | Title: Cold Welcome | 3/14/1949 | See Source »

...abide by the rules in the future, the Fund has the power to expel South Africa or at least freeze the $15 million on which South Africa is eligible to draw this year. There was a greater threat. The Fund, controlled by the U.S., might persuade the Export-Import Bank to turn thumbs down on South Africa's application for a $100 million loan. In any case, the Fund had no intention of being pressured into boosting the price of gold...

Author: /time Magazine | Title: BANKING: The Golden Fleece | 3/7/1949 | See Source »

...Assistant and Under Secretary, Dean Acheson was always a highly competent explainer, advocate and executor of Administration policy. He acted as State's liaison man with Congress. He helped steer such complex and unwieldy vessels as Lend-Lease, UNRRA, the World Bank, the Export-Import Bank through diplomatic shoals. With David Lilienthal he wrote the plan for international control of atomic power which became the basis for U.S. policy...

Author: /time Magazine | Title: THE CABINET: The Man from Middletown | 2/28/1949 | See Source »

...Relaxation of the tight loan requirements of the World Bank and the Export-Import Bank...

Author: /time Magazine | Title: Good Partners | 2/28/1949 | See Source »

...decided that Argentina would just have to borrow a lot of dollars. But from whom? With Argentines already owing U.S. businessmen an estimated $400 million, private U.S. banks were unlikely to put up any more. Nor was the World Bank, which Argentina had steadily snubbed, or the U.S. Export-Import Bank...

Author: /time Magazine | Title: ARGENTINA: Deep In the Red | 2/28/1949 | See Source »

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