Word: canal
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Dates: during 1950-1959
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...thrombosis," Morrison explains, "was the traffic strangulation caused by five separate railroad stations, 144 grade crossings, the five-mile-long New Basin Canal with its lift bridges. Hypertension was the pressure on the downtown nerve center because of a lack of parking space and too great a concentration of people in a few buildings. The third of the municipal ailments was the slum cancer...
LONDON, May 13--Prime Minister Macmillan today grudgingly acknowledged Egyptian President Nasser as boss for the moment of the Suez Canal. He told British ships to resume sailing through it on Egypt's terms...
...became increasingly clear that the pivotal behavior of one man played a large part in rescuing young King Hussein from Nasser and his hotbloods. The man: King Saud of Saudi Arabia, Protector of Islam's Holy Places. From the moment Nasser seized and then blocked the Suez Canal, casually cutting off much of Saudi Arabia's oil income in the process, Saud began to see that there would be no place for him or any king in the Arab "nation" Nasser talked about. Nor could Saud abide the sight of Communist influence that Nasser had brought into...
...have particularly wanted to impress was President Ernesto de la Guardia of Panama, currently pondering a U.S. request for Nike antiaircraft missile sites in his country. So far he has asked for more concessions (primarily, a greatly increased share of Canal receipts) than the U.S. is willing to pay. De la Guardia beamed at the smooth-running exercises last week and assured a press conference that continued U.S. operation of the Canal was "not even an issue here." But he said nothing about lowering his price on the Nike bases...
Reflecting the oil-industry bonanza caused by the Suez Canal's closing, Gulf Oil Corp. reported profits up from $2.43 to $3.20 a share, Texas Co. up from $1.27 to $1.57, Shell Co. up from $1.16 to $1.37, Standard Oil Co. (New Jersey) up from $1.04 to $1.20. And in the steel industry, where there have been some production cuts, several big companies came in with substantial profit gains. Republic Steel Corp. had the highest first-quarter sales and earnings ($1.81 a share v. 1956's $1.62) in its history. Profits were also up for Bethlehem Steel Corp...