Word: rhees
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...last spring, Arthur Dean, President Eisenhower's special envoy to South Korea, sat in Syngman Rhee's presidential mansion, discussing Korea's galloping inflation. Dean thought the solution was to let the hwan find its own level (i.e., free-market dollar value), then siphon away the excess hwan currency that was drowning the country. Said Syngman Rhee: "Nonsense. The best way to fight inflation is to say that the hwan is worth 180 to the dollar and then keep it there." At that time the hwan was worth less than that and fast losing ground...
...strolled out to a wisteria-covered arbor. Arthur Dean looked up at the cloudless sky and said: "Mr. President, make it rain." "You know that's impossible, Mr. Dean," Rhee answered. "Only the laws of the universe can make it rain." Dean smiled and said: "The exchange rate of the hwan is the same thing. Only the laws of economics can keep it steady...
...Tyler Wood of the Foreign Operations Administration. As Wood well knew, Bechtel was there to see how Korea's orphanages and hospitals were making out. But Ty Wood had another project that he considered just as important. For months, he had been unsuccessfully trying to persuade President Syngman Rhee to approve FOA plans for three coal-burning power plants for Korea. Would Bechtel please try his hand? Bechtel agreed to see what he could...
...hours he talked with Rhee, answered hundreds of questions about building and operating power plants. Rhee wanted hydroelectric plants, since "water power is free." Bechtel told him that South Korea's small lakes and streams were not suitable for such plants, and that thermoelectric plants could be built more cheaply and faster, burn Korea's own coal. As Bechtel left, Rhee put his arm around him and said: "All right, if you will come over and build thermoelectric plants, I will approve them." For fear that Rhee would change his mind, Ty Wood promptly declared it an emergency...
...liver ailment; in Washington. A onetime newspaperman, Shafer learned his law from correspondence school, became known in the House for bluntly spoken opinion. He demanded a breakoff in diplomatic relations with Russia in 1949, demanded full U.S. recognition of Franco Spain the same year, befriended Korea's Syngman Rhee and warned, in 1947, of the dangers of a divided Korea. In 1952 he introduced a resolution calling for the impeachment of President Truman because he thought Truman had overstepped his bounds in seizing the steel mills...