Word: planned
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Dates: during 1940-1949
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...boss, Paul Hoffman, was a happy man. After arguing over the matter for weeks, the 16 Marshall Plan nations and Western Germany agreed among themselves last week on how to whack up ECA's $4,875,000,000 (see INTERNATIONAL). It was one of the few times in recent history that the European nations had agreed on anything. Hoffman dared to hope that that cooperation, born out of desperation, was a milestone on the road to economic sanity...
Administrator Hoffman was reasonably well pleased with the results. Despite mistakes and the awkwardness to be expected in getting any such vast plan started, ECA was generally doing what it was supposed to do. Without ECA, Hoffman declared, France and Italy "would have been in the hands of the Communists six months...
...Credit Plan. Westinghouse Electric Corp., which thought appliance sales might be nipped by the Government's installment credit curb, announced a new plan to make credit easier: Westinghouse will guarantee the buyer's bank loan. If he defaults, Westinghouse will buy back the equipment, and repay the balance of the loan...
...surprise attack on Pearl Harbor," says Captain Morison, "far from being a 'strategic necessity' as the Japanese claimed even after the war, was a strategic imbecility." Admiral Isoroku Yamamoto was a brilliant tactician, but when he cooked up Pearl Harbor he departed from the sound basic plan of Japanese strategy. This was to complete the conquest of the Western Pacific and wait there for the U.S. fleet, cutting it down by island attacks and then overwhelming it in Philippine waters. In Morison's opinion, one good reason for Admiral Kimmel's failure at Pearl Harbor...
Vienna's Communist press last week told the Viennese how U.S. elections are won. The trick is to capture the unemployed cowboy vote by canning horses for the Marshall Plan...