Word: resoldered
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...champion, Arkansas' J. W. Fulbright, warned that there must be reforms: "We have had too many examples of countries in which our aid programs have been corrupted." Another staunch aid advocate, Wisconsin's Republican Alexander Wiley, observed: "This matter of foreign aid will have to be resold to the American people." Oregon's Wayne Morse put it more bluntly: "I don't think the American economy can stand this program." And Vermont's Republican George Aiken was downright unkind: "I see no sign that they [State Department officials] are particularly qualified to handle huge sums...
...fraction apparently reached the hungry people. At one point, 38,000 tons of food piled up in Peruvian ports, much of it rotting for lack of transport. Only a few hundred tons daily made its way up to the hills. Vast quantities were bought up by fast operators, who resold it to better-fed lowland folk at bargain prices. This maneuver was facilitated by the Peruvian government's decision to sell the food. The idea of charging a small sum, as one Peruvian explained at the time, was "to keep the Indians from developing a tendency to work less...
...considered slightly immoral. Often U.S. clothes must be altered abroad because they are too big; in pigmy Africa men frequently wear women's coats. There is a fast Uganda trade in tuxedos for weddings and funerals, which are bought used for $1.50 to $3, worn once and then resold...
...purpose, e.g., "postponement"' of credits to Yugoslavia after the split with Marshal Tito. Often the terms of Red aid packages are such that underdeveloped nations are shortchanged. The Russians tacked artificially high price tags (in rubles) onto the goods they bartered in return for Egyptian cotton. Then they resold the cotton to West Germany, Switzerland and other regular Egyptian customers, at a 10% discount...
Japan's fast-growing electronics industry scored a notable success. Under a threeyear, $8,000,000 contract, Tokyo Shibaura Electric Co. began turning out upward of 75,000 transistor radios, 800,000 transistors, and 1,000,000 vacuum tubes annually for International General Electric, to be resold under the I.G.E. name in Europe, Asia and Africa. I.G.E. was the second major U.S. electronics company to decide to make a deal this year with the Japanese. In April Motorola put on sale in the U.S. a $29.95 shirt-pocket-size transistor radio with most of its parts made in Japan...