Word: canalizes
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...permits the Secretary of Defense to label as a defense facility "any plant, factory, industry, public utility, mine, laboratory, educational institution, research organization, railroad, airport, pier, waterfront installation, canal, dam, bridge, highway, vessel, aircraft, vehicle, or pipenne" from which suspected personnel may be barred or removed...
Meanwhile, Egyptian violations are continuing. For the 13th time since the truce took effect six weeks ago, Israel complained to the U.N. about the movement of new missiles into the 32-mile-wide standstill zone on the Egyptian side of the canal. The Israelis estimate that 72 missile sites have been built, restored or are now under construction in the zone; of these, 60 sites have been dug or repaired since the ceasefire, and ten of the 60 have been equipped with Russian-built missiles. For the first time, Israel last week charged that sophisticated low-altitude Soviet-made...
...admitted one officer. "We don't have the equipment." The Israelis are worried that they might lose their most important strategic advantage: airpower. They also fear that, under the cover of Soviet missilery, the Egyptian artillery can render the Bar-Lev fortifications on the east side of the canal untenable. Then Israel would be forced to pull back her army from the east bank into Sinai and risk a running war against Egyptian infiltrators in the wastes of the desert...
...second plane dashes in and tosses a bomb, which follows the laser to the target. These U.S. countermeasures, however, were developed in a less sophisticated time. No one knows how they will work against the more modern array of antiaircraft missiles that the Israelis now face across the Suez Canal...
...policy seems to have spread the desired tranquillity. Spring fears of a "liquidity crisis" that might force other major corporations to follow the Penn Central into bankruptcy have subsided. Indeed, conditions have eased so much that two tiny banks-Canal National Bank of Portland, Me., and Citizens Bank of Jonesboro, Ark.-in the past two weeks have cut their "prime" loan rate (the minimum charge from which all other rates on business loans scale upward) from 8% to 7½%. Big-city banks are not yet ready to follow, but moneymen are increasingly hopeful that they will do so sometime...