Word: reporter
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
...64th birthday last week, members of the Senate's Foreign Relations Committee presented hard-working Chairman Arthur Vandenberg with his ninth unanimous vote: a 13-to-0 approval of the China-aid bill. But four days later, as the bill reached the Senate floor, the committee report accompanying it exploded the birthday present like a trick cigar...
Though the report approved $363 million in economic aid for China, and $100 million for military assistance, it simultaneously kicked China's government publicly in the teeth. Said the report: "Ineptitude in military leadership and corruption among army commanders has contributed largely to the lowered morale of the Chinese government troops. ... An important psychological factor is the lack of popular confidence in the Chinese government...
Senate reaction was prompt and vociferous. Georgia's Senator Walter George warned that such searing condemnation was fine fuel for Communist propagandists. Others thought the report might be enough to unseat the whole Chiang regime...
Next day, red-faced Arthur Vandenberg hastily withdrew the report, telephoned his personal apologies to Chinese Ambassador Wellington Koo and scribbled a statement of retraction...
Funk Money. Worried by the flood of "funk money" (i.e., fear money) flowing from Britain and other sterling areas (one recent report listed $270,000,000 in foreign bills discounted), South Africa clamped down. The government ordered commercial banks to refuse all large deposits from overseas unless the money was for investment in South Africa...