Word: aswan
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Dates: during 1950-1959
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...messages clacked in from U.S. outposts in the tense Middle East. State was braced for the possibility that Russia's Foreign Minister Dmitry Shepilov (see FOREIGN NEWS) would offer to sell Egypt arms, would offer Egypt a $1.3 billion loan-or a blank check-to build the Aswan High Dam, that Egypt's Premier Nasser would find it hard to turn down such easy and astronomical money (roughly half of Egypt's gross national product). State was concerned likewise that neighboring Israel might be fanning up a new "get tough" policy after dismissing moderate Foreign Minister Moshe...
...full well that if Nasser accepted Russian easy terms he was bound to pay a heavy price in independence besides having a hard time laying his hands on the money-and presumably Colonel Nasser knew that, too. The U.S. does not intend to bid against the Soviets on the Aswan...
Later this week Banker Black comes to the most crucial part of his trip: Egypt. The most important single development project in the world today is the proposed high dam spanning the Nile at Aswan. The 15-year, $1.3 billion project will have 1,440,000 kw. of power capacity and increase Egypt's electric supply eightfold. Several months ago Black worked out a deal to lend Egypt $200 million to help get the project started, with the U.S. and Great Britain adding grants of $70 million. The only thing to be settled was the question of water rights...
...Dulles had defended Egypt's Premier Nasser as a sincere patriot despite his arms deal with the Reds. Last week Dulles termed Egypt's recognition of Red China "an action we regret." To emphasize U.S. displeasure, Dulles indicated that Egyptian acceptance of Russian aid to build the Aswan Dam would mean U.S. withdrawal from the $1.3 billion project. Next day Ike removed some of the sting, saying that a single unwelcome act by another nation does not "destroy friendship for that nation...
...Eratosthenes started with the traditional information that there was a deep well at Syene (Aswan) in southern Egypt to whose bottom the sun's rays penetrate only during the summer solstice (June 20-22). This meant that the sun was directly over Syene at that time. He also had a figure for the distance between Syene and Alexandria: 5,000 stadia. Only one observation was necessary. During a summer solstice, he measured the shadow cast by a vertical pillar in Alexandria. It turned out to be one-fiftieth of a full circle (about...