Word: stassens
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COAL MINING, in a bad slump, will get a boost from Harold Stassen's Foreign Operations Administration. FOA has ordered $150 million (10 million tons) worth of soft coal from U.S. mines to be shipped abroad as part of the foreign-aid program. But the chronically ailing coal operators consider this a mere aspirin tablet-only one week's work for the industry that already has an inventory of 80 million tons above ground...
...troubles, still exerts its magnetism. In the eight weeks since partition, some 250,000 Vietnamese have already chosen to leave their homes in the Communist north for free Viet Nam-a far higher number than anyone expected. Of these, the U.S. Navy has transported 110,000. Harold Stassen's FOA is helping construct 125 emergency villages to house the new settlers...
...asked for bids from railroad equipment shops around the world, it ran into trouble. The bids from U.S. builders were about twice as high as those from foreign competition (TIME, Sept. 6). The domestic makers, who need the business, and labor unions put the pressure on FOA Boss Harold Stassen for the contracts...
Last week Stassen found a way out of the dilemma: he decided to split the orders 50-50 at home and abroad. This meant that the Government would have to put up an extra $7,000,000 to make up for the higher cost of the U.S. products. FOA's policy in the future, declared Stassen, would be to continue buying competitively on the free-world markets. But the policy would be tempered where necessary to help U.S. industries suffering from unemployment...
...Battle Act may be unenforceable. Allied pressure for relaxation of East-West trade may be too great to withstand. If so, Stassen might have said so, instead of pretending that the U.S. is outsmarting the Russians by sending them more things they think they need...