Word: canal
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Dates: during 1950-1959
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Second, they have applied an economic boycott that is so efficient that Israel loses more from this cause than she gains from any single form of foreign aid. To supplement the boycott, the Egyptians have refused to allow Israeli ships to transit the Suez Canal...
...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 by France gave a needed boost to the export balance. The government announced a budget surplus of nearly $55 million. And to top it all, the government's hand-picked candidates were easy winners...
...later a highway to slink humbly around its base. But it does not deter the road builders of 1957. Their rugged and powerful machines are slashing through the hill, cutting a 360-ft.-deep, 2,200-ft.-long scar -the biggest man-made road gash since the Panama Canal. All told, the machines will move 8,500,000 cu. yd. of earth, enough to cover Manhattan Island with a 4.5-in. layer...
...state capitals and 90% of all cities with more than 50,000 population. It will carry a fifth of the nation's traffic, provide vital defense routes in case of war. Total cost of the entire program: $100 billion-nearly 300 times the cost of the Panama Canal. The Government will pay 90% of the federal network, 50% of other roads, by raising gasoline, tire and other excise taxes...
...during the first four months of 1957. A billion dollars earned by French exports in better days has been dissipated during the past 18 months. A quarter-billion dollars went to pay for oil, which before last October was bought with francs or sterling, and shipped through the Suez Canal. The treasury's reserves of gold and foreign currency are at a low in recent years. Said one Budget official: "We can always get the Bank of France to print more francs, but we cannot ask them to print dollars." With 1.5 billion francs ($4,000,000) going daily...