Word: hoffman
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Dates: during 1940-1949
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...department will be reduced in 1950-51 to $13 billion . . . and our defenses will be appreciably improved. There will be less waste, less duplication, and more efficiency-and the taxpayer will get one dollar's worth of defense out of every dollar spent." From ECAdministrator Paul G. Hoffman there was another encouraging report: the cold war was about half won, he said. But, he cautioned, "it is the easiest half that lies behind...
...wanted. At least as far as Western Europe was concerned, the U.S. objective was clear. It was "integration." Some Europeans have professed not to know what the U.S. means by integration; others suggest that the U.S. itself does not know what it means. In recent weeks, ECAdministrator Paul Hoffman, integration's foremost prophet and promoter, as well as other EGA officials, has made its meaning perfectly plain...
Everybody was talking integration. In Paris, ECAdministrator Paul Hoffman had urgently warned Western Europe that it must take steps to integrate its separate economies (TIME, Nov. 7). Barely had Hoffman returned to the U.S., when Secretary of State Dean Acheson took off for Paris. For two days this week he would confer with Britain's Ernest Bevin and France's Robert Schuman on various problems of Western policy, including dismantling of German industries. But Washington let it be known that the matter of Western European unity was uppermost in the Secretary's mind...
...economic field, there was scarcely more progress. Responding to Paul Hoffman's plea, OEEC produced a resolution calling for the elimination of import quotas by Dec. 15 on half of Western Europe's private trade (this would leave out a large volume of trade carried on by governments). Paul Hoffman made it clear that this measure had not gone very far to satisfy him. "There is no magic in words . . . the magic lies only in action," he said. "If there is a failure to act ... we may have a new kind of dark age in the world...
This disturbs the economists, and probably Mr. Hoffman too. For as things stand new, Europe cannot afford to pay for the dollar goods she must buy from the U.S. to help her own recovery. The Marshall Plan is supposed to cover this gap, but it is due to lapse in 1952. There is a good possibility that it may be continued much longer than this for political reasons. But if Congress fails to renew the Plan, and at the same time tactfully continues to duck the question of our own trade barriers, a dollar starved Europe is going to have...