Word: slash
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Dates: during 1950-1959
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...Minister John Diefenbaker flew home from the Commonwealth Prime Ministers' conference in London last week, where he had persuaded the other delegates to start mapping ways to broaden trade within the Commonwealth. In Ottawa he announced a drastic Canadian proposal to carry out the Commonwealth trade speedup: a slash in imports from the U.S. of 15% ($625 million a year). Canada would make up the difference-"mainly capital goods"-from Britain instead. With Canada's wheat surplus ripening into his worst domestic worry, Diefenbaker also attacked U.S. wheat export "giveaways," which insist that importing countries guarantee "certain fixed...
...Development Loan Fund for providing loans to underdeveloped countries. Last month the Senate voted resounding endorsement (57-25) for the plan. Last week the House Foreign Affairs Committee turned thumbs down on the Administration request, insisted on sticking with the year-to-year tradition, and recommended a $400 million slash below the $3.6 billion the Senate had authorized to get the fund going. Congressional leaders expect the full House to go along with the committee...
Though the counterattack had regained a lot of lost ground, the Battle of the Budget was still undecided-as the House Appropriations Committee made plain by voting a $2.5 billion slash in defense funds. It was still likely that Congress would trim Ike's $3.8 billion foreign-aid program to $3.4 billion or so, and he would have to keep fighting if he wanted to save such embattled programs as federal aid for school construction. But on one point there was no doubt: the President had, at long last, won the initiative...
...always made a point of boasting about his record of support for the Eisenhower Administration. But Presidential Candidate Knowland carefully positions himself to the right of Dwight Eisenhower (and Richard Nixon) on nearly all major issues. He aggressively opposes the Eisenhower budget, wants to cut it by $3 billion, slash foreign aid by $500 million (yet he embraces as his special overseas charges some half a dozen Asian nations-ranging from Nationalist China to Pakistan-which absorb a substantial chunk of foreign...
Lawrence also attacks the press for its attitude toward the House's $38 million slash in the U.S. Information Agency budget-a reduction that was handled with complacency at best, and vociferously cheered in some segments of the press, notably the Scripps-Howard chain, which has a vested interest in killing U.S. overseas information operations. Reason: the Scripps-Howard papers and the United Press are parts of the same company; U.P. fears that USIA's free distribution of U.S. Government news abroad cuts into its profits from the sale of news to foreign newspapers. Blaming the press...