Word: canalizes
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Although he seems to be losing the battle to rule the Arab world, Egypt's Colonel Nasser last week won control of what is now undeniably his, the Suez Canal...
...were not so bad as Gaitskell made out. With even less success, Foreign Secretary Selwyn Lloyd (whose early resignation was now freely predicted by the British press) tried to put a hopeful face on it by saying that "certain practical lessons have been learned about the consequences of the canal being out of operation." Jabbing his finger toward Macmillan, Labor's honey-voiced Aneurin Bevan demolished Lloyd with a single blow. "There is no reason to attack the monkey," sneered Bevan, "when the organ-grinder is present...
...test of confidence -308 to 259. Aside from the eight rebel backbenchers, only six Tories, including Sir Anthony Eden's nephew John, failed to support the government. Even the blimpest of Blimps had to recognize that Macmillan had no practical alternative to allowing British ships through the canal at Nasser's price...
...Egyptian economy is intertwined with Britain's. London still holds $300 million of blocked Egyptian funds. Some time, when they get to speaking to each other again. Britain will claim that Egypt owes her more than $350 million in obligations incurred when an angry Nasser nationalized the Suez Canal Co. and "Egyptian-ized" foreign investments in Egypt, and Nasser can be expected to counter with a big bill for damages suffered in the British invasion. But until such sticky matters can be worked out, so big a maritime power as Britain could not afford to boycott the canal while...
Britain's capitulation left France and Israel still defiant of Egypt, but in different ways-Israel eager to use the canal immediately, France angrily hoping to continue a Boycott for better terms. ''Little by little all our friends are walking out on us in felt slippers . . . even Britain, our comrade in misfortune last November," sighed France's L'Economie. But the show of outrage put up by France's Premier Guy Mollet had more to do with internal politics than foreign policy. French shipping interests were no more eager than the British to lose...