Word: objectionably
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Last week Clayton revealed that the Administration has a new plan: to let the companies themselves dispose of cutting tool surpluses, i.e., make them federal sales agents and pay them a commission on sales. (In a similar test plan, tried with aircraft parts, the commission was 30%.) The plan will...
Some economists thought this deal was entirely inconsistent with established policy. They pointed out that the U.S. has long and vigorously condemned subsidies on goods sold by other nations to the U.S. The American objection is based on the sound economic theory that export subsidies are mutually destructive and are...
Britain and the U.S. backed Premier Said, who had refused them further concessions at the same time that he refused the Russians. From London the BBC beamed the British view to Iranians: "The Iranian Government decided to make no oil concessions until after the war. Sir Reader William Bullard, British...
American opinion, "including import licensing, export control, cartelization of industry and bilateral treaties.. .. The British problem is based entirely on the country's economy. If they don't export, they don't eat. This fact is lost sight of in some of the arguments heard here...
Third Objection. The banker-critics see at Bretton Woods a credit institution controlled by borrowers rather than by creditors. They cite U.S. banking history as evidence that would-be borrowers should not pass on loan applications. They also think that too great latitude is allowed on exchange rates. Under the...