Business & Finance: Businessman's View

Critics of the Truman Administration have often complained that U.S. foreign aid agencies are overstaffed and duplicate each other's work. Last week this familiar charge was raised again in a report giving a businessman's view of the situation. Said the report: "We have too many people and too many agencies in Western Europe . . . There are at the moment four men each with the title of 'Ambassador' in Paris . . . We still have Mutual Security Agency missions in some countries to which we are not now and for some time have not given aid." Said the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!