Word: aswan
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Dates: during 1950-1959
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Before canceling out on the offer to help build the $1.3 billion Aswan Dam (TIME, July 30), the U.S. had speculated that Egypt's Nasser might seize the Suez Canal in retaliation. But State did not rate the chances very high. Secretary Dulles was in Peru when Nasser shrieked his challenge (see FOREIGN NEWS). Dulles got on the radiotelephone to Under Secretary of State Herbert Hoover Jr. Hoover conferred with President Eisenhower, and the President dispatched Deputy Under Secretary of State Robert Murphy to London to confer with the British and French on lines of counteraction...
...House and Senate were benumbed and confused when they came to the final vote on foreign aid, it was not too surprising. Early in the session the Administration had hinted broadly at a bold new program for long-range economic aid, had cited Egypt's Aswan Dam as a prime example of a worthy long-range project; now the Aswan Dam program had blown sky-high in the latest Middle East explosion. Never did the Administration present a coherent world economic policy. In May NATO's retiring commander General Alfred Maxmilian Gruenther testified grimly on the urgent need...
...Egypt's Dictator Gamal Abdel Nasser early last week as he presided over the dedication of a new Cairo refinery. While Soviet Ambassador to Egypt Evgeny Kiselev nodded approvingly in the audience, Nasser spluttered his anger at the U.S. withdrawal of its offer to build the billion-dollar Aswan Dam, and branded as "lies" the U.S. explanation that it acted because of the shakiness of the Egyptian economy (TIME, July 30). Choking on his own fury. Nasser promised: "Egypt is going ahead with the High...
...decision won hearty approval in Congress, where cotton-state legislators are nervous about cotton-growing Egypt and where Zionist spokesmen have held Nasser to be the Middle East's archvillain. The Sen ate Appropriations Committee earlier had been so bold as to "order" Dulles not to make the Aswan loan from Mutual Security funds. Dulles firmly resisted such an unconstitutional demand. But the whole argument became academic when Dulles decided, for foreign policy reasons...
Problem for a Nurse. On the last day of the Brioni conference the U.S., in an astutely timed move to discourage the spread of neutralism, coldly withdrew its offer to help Egypt finance construction of the billion-dollar Aswan High Dam (see NATIONAL AFFAIRS). Flying off to Cairo with the bruised Nasser, Nehru, the high priest of neutralism, found himself at week's end playing nurse to a new and noisy member of the family. It was doubtful, however, that Nurse Nehru could offer 38-year-old Nasser much in the way of consolation or even advice...