Word: stevensons
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Directed by ROBERT STEVENSON Screenplay by BILL WALSH
...renew Ex-Im's lending authority, which expires June 30. There is no doubt that Congress will keep Ex-lm alive, but probably with new limitations on its autonomy. Last week the Senate Banking Committee approved an amendment drafted by Democrats Henry ("Scoop") Jackson of Washington and Adlai Stevenson III of Illinois that would require Ex-lm to give Congress 30 days' advance notice of any proposed credit of $50 million or more; Congress could then veto the loan. Tougher restrictions could be added on the Senate floor...
...Chairman William J. Casey, formerly head of the Securities and Exchange Commission and Under Secretary of State, complains that the Jackson-Stevenson restriction would hinder the bank's ability to compete in a fast-moving global credit market where time is money. The House has yet to draft an Ex-Im bill, but opposition to the bank's recent policies is even stronger there than in the Senate...
...granted a $469 million credit package to finance an $80 million trade center in Moscow and plants to make chemicals, iron-ore pellets and fertilizers, to be built with assistance and hardware from U.S. companies. By 1978, Ex-Im loans to the Soviets could total $1.4 billion. Senator Stevenson charges that the credits are going to a nation that does not really need the help. "Soviet gross national product," he points out, "is second only...
Good Bye, Old Paint: The named horse of the masked or unmasked man has become an endangered species. No longer does Silver heigh-ho. One consequence of this phenomenon has been the general decline of charisma. The devastating effect has been the same on Adlai Stevenson, Dwight D. Eisenhower, John Wayne, and Jack Armstrong, as well as some fall-out on Doc and Reggie...