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...final joker is the lack of money available to the State Department for financing foreign commodity buying. With the Import-Export Bank holding a bare minimum of funds, any amount of relief appropriations would have to run a Congressional gauntlet. An economy-minded Republican Capitol Hill can be expected to cut to ribbons any such grant, especially since it is foreseen that some of the nations will have to receive outright gifts...

Author: NO WRITER ATTRIBUTED | Title: The Rabbit and the Silk Hat | 12/19/1946 | See Source »

...payoff would come in expanding German exports of china and ceramics, of optical goods, leather goods, pharmaceuticals, and, of course, coal. To make some of these exports possible, the Joint German Economics Committee would have to import petroleum products, crude rubber, lead, hides, wool and cotton...

Author: /time Magazine | Title: GERMANY: As the Ruhr Goes . . . | 12/16/1946 | See Source »

...slash $9 billion from the federal budget. This was a "minimum," he said. Senator Taft recently vowed that the Republicans could make a $13 billion cut once they got their hands on the budget. Some of the savings Taber saw would be in nonrecurring items (e.g.: food subsidies, Export-Import Bank, World Bank and World Fund). On other items Taber promised to use a sledge hammer if necessary. Items which immediately met his eye: $2.5 billion from Army & Navy; $2 billion in terminal-leave pay (already diminishing); $1.5 billion "in other categories"; a whopping $3 billion when the Republicans...

Author: /time Magazine | Title: THE CONGRESS: With a Rubbing of Hands | 11/25/1946 | See Source »

...Britain's labor government got out of the rubber business last week, thankful that it had lost only the tail of its shirt. After five years of state buying & selling, it declared that the market in rubber would be free: trading will begin next week, private buyers will import crude rubber beginning...

Author: /time Magazine | Title: FOREIGN TRADE: Lesson for Socialists | 11/18/1946 | See Source »

...affiliate of the nationwide Republican Open Forums backed by the Stassen wing of the G.O.P., the H.R.O.P. hopes to reach decisions on matters of national import and communicate these decisions to the national Republican leaders...

Author: NO WRITER ATTRIBUTED | Title: Republican Forum to Hold Initial Meeting Next Week at Lowell | 11/14/1946 | See Source »

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