support-for-korea-us-subsidy

Support for Korea US subsidy

Sir,

I enjoy your newsletter. However, I would appreciate more critical reporting rather than a rehash of public announcements.

For instance, your recent article on extension of agricultural loans to Korea can only be described as bizarre. You report that the GSM program is authorized to extend loans to countries for purchasing US agriculture where local finance would not be available.

Yet you report that a government spokesman stated the loan was a reflection of the assessment the Korean economy is improving. Which is it Was the loan granted because Korea is in dire straits or because they are in good shape

Moreover, you report that the CCC Commodity Credit Corporation loan underwrites...

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