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...tear so easily," said one. Nearly every machine in Egypt is Western-made, and for lack of spare parts and the money to buy them, many are on the verge of breakdown. Spare parts are urgently needed for dredges and other equipment used to keep the Suez Canal operating. Lubricating oil is so scarce that gas-station operators supply only favorite customers. Because of Nasser's controls, meat prices are soaring, and butter, tea and coffee are scarce. Many Cairo restaurants refuse to serve cabob because they cannot sell it for a profit. "Nasser," said one observer last week...

Author: /time Magazine | Title: EGYPT: Invitation in Reverse | 12/16/1957 | See Source »

...gulf was an international waterway until proved otherwise had achieved the same result and stirred far less Arab rancor. Israel had its port, was taking full advantage of its busy new trade route to Africa and the East. Nasser had even allowed some Israel-bound cargoes through the Suez Canal. And at week's end Israel opened the Lake Huleh reclamation project, designed to drain 15,000 acres of malarial swamp that lie partly in the neutral zone along the Syrian border. In its six years of construction, Syria had repeatedly complained to the Security Council about the project...

Author: /time Magazine | Title: ISRAEL: The Insignificant Bomb | 11/11/1957 | See Source »

...endeavor that no one in dental pain shall be turned away. We save time between our filling appointments so that we shall always be able to take care of emergencies. We also give high priority to the restorative programs which grow out of an emergency situation, such as root canal treatment after an acute abcess. In this way we handle a great many major dental problems: the urgent ones. James M. Dunning, D.D.S., Director, Dental Health Service...

Author: NO WRITER ATTRIBUTED | Title: TEETH | 11/2/1957 | See Source »

...private foreign rights, both in highly developed and less developed countries, are known to us all. Among the more recent are the methods applied in nationalizing properties of the Anglo-Iranian Oil Co., in expropriating the United Fruit Co. properties by Guatemala, and finally in expropriating the Suez Canal." Abs also cited instances of indirect interferences with the rights of private foreign capital. Among them: the withholding of essential raw materials, the refusal of import licenses and excessive taxation...

Author: /time Magazine | Title: The Capitalist Challenge: THE CAPITALIST MAGNA CARTA | 10/28/1957 | See Source »

...Suez Canal Co., which has been a hen without a nest since Egypt nationalized its big ditch, last week voted itself another career. In Paris, founder stockholders formally launched, the company into new business worlds as a French investment trust corporation. The Suez Canal Co. will invest $2,800,000 in French companies digging for oil in Algerian Sahara, and already owns a 30% chunk of the planned English Channel tunnel project. Other projects under consideration: oil ventures in Canada, iron deposits in North Africa...

Author: /time Magazine | Title: BUSINESS ABROAD: From Suez to Sahara | 10/28/1957 | See Source »

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