Word: canalizes
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...tied up with peace in Algeria, is more than an investment of half a billion dollars for France--it is the keystone of the policy of grandeur that de Gaulle is attempting to follow. With this oil, France is at last independent of the distasteful Nasser and his Suez Canal; without it, France is no better, in fact a little worse, than the rest of Western Europe. De Gaulle's desire for the uninterrupted flow of oil from the Sahara to France both inspires his sincere effort to end the Algerian war and gives a special shape to his formula...
More painful was the Arab-Israeli infection, which flared up anew as Israel's Foreign Minister Golda Meir rose to demand "collective moral pressure" by the U.N. to enforce its 1951 decision condemning Egypt's refusal to let ships carrying Israeli goods pass through the Suez Canal. Indignantly, Golda Meir reported that the Danish freighter Inge Toft, which was stopped by the Egyptians last May with a cargo originating in Israel, "is being held to this day at Port Said." The United Arab Republic's Farid Zeineddine promptly asked for the floor and, hardily ignoring...
...Monetary Fund long had negligible influence on the world's currencies ; the job of reconstruction needed before currency stabilization proved too big. But by 1956, the year Jacobsson took over, the Fund got its first big chance to show what it could do when Egypt seized the Suez Canal, then blocked oil, food and other vital supplies from Europe, and touched off a disastrous run on the British pound...
Asia's own cold war-between Pakistan and India-last week unexpectedly showed signs of thawing. The Kashmir issue still divides the two countries, but their quarrel over dividing the canal waters of the Indus Basin (TIME, June 1) seems to be heading for amicable settlement. At first, Prime Minister Jawaharlal Nehru had hard words for the government of Pakistan's General Mohammed Ayub Khan ("a naked military dictatorship"). But Ayub's incorruptibility, his undeniable popularity, and his own sensible willingness to patch things up with India has done a lot to diminish the enmities that grew...
Leaping from 1,000 transports, pouring from 500 crash-landed gliders, 34,000 U.S. and British airborne troops slammed at seven river and canal crossings between the Maas and the lower Rhine, starting Sunday, Sept. 17, 1944. In the biggest airborne attack of all time, Field Marshal Sir Bernard Montgomery had high hopes of hurdling the river barriers to outflank the Siegfried Line and thus end the war in Europe by a single-front thrust. Operation Market Garden failed. Though the U.S. 82nd and 101st Airborne Divisions won their objectives, the British ist Airborne met disaster, was chopped to ribbons...