Word: antiforeigner
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Dates: during 1950-1959
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Things were looking up in Cairo last week as a new nightclub opened with a blare of hot music on one of ousted King Farouk's abandoned yachts. A glittering new Shepheard's Hotel, to replace the old one burned by antiforeign mobs back in 1952, was ready to open its doors again to foreign spenders. The Egyptian cost of living had momentarily ceased its steady climb; the stock market was active, and toll money from a once-again busy Suez Canal was pouring into the national treasury. A prospective purchase of $35 million worth of cotton...
...Middle East oil expert, gloomily watching this familiar performance, was convinced that it is useless to press an oil agreement on Mossadegh, because he could not keep it if one were made. Unstable old Mossadegh stays in power by being antiforeign; for him to sign an agreement would be to surrender this source of his popularity to evil old Mullah Kashani and the Tudeh Communists. The solution, says this expert, is not to make an oil agreement in hopes of bolstering Iran's government, but first to bolster Iran's government so that it might keep whatever...