Word: lende
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Dates: during 1940-1949
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Direst of all were the words of mild-mannered Paul S. Willis, head of the Grocery Manufacturers of America: "The food predicament in this country is worse than terrifying. The Army is taking care of military food needs. The Agriculture Department is taking care of Lend-Lease. But no one is taking care of the 125 million home folks...
Spain does not get Lend-Lease aid; its purchases have been financed through a complex series of loans and trade exchanges. Said Hayes: "The U.S. stands ready to continue and extend any help it can to Spain, which itself is doing so much to develop a peace economy that can, and will, carry this country safely into a future period of world peace...
...Government backs up this buying spree with one stock answer: the unprecedented food requirements of the Army, Navy and Lend-Lease. So far so good. But the big trouble is that Government purchasing agents have probably gone beyond all rhyme or reason. Of the mountains of canned goods bought last year, the Government has so far used about one-third-all the rest gathers dust and rust (but no vitamins) in warehouses and quartermaster depots. Moan the canners: now the Government plans to expand buying, thus build stockpiles still higher...
...Philadelphia Phillies are the black sheep of the National League. Only once in 25 years have they finished in the first division, only once in seven years have they finished better than last. Last fortnight the League decided to lend no more money to the hapless Phillies, bought out the controlling stock of President and Mrs. Gerald P. Nugent, who in a decade had run the club $250,000 in debt...
This year the U.S. may Lend-Lease as much as $10 billions to other nations (an alltime export record), while imports may be expected to decline still further. So long as Lend-Lease lasts (and it may continue for several years into the peace), this discrepancy between imports and exports may continue. But soon or late, unless the U.S. wants to continue giving away goods without return from the rest of the world (or resume the acceptance of useless amounts of gold as in the '30s), exports and imports will have to be brought back into something approaching balance...