Word: canals
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Some of the repossessed properties are landmarks. Bally has effectively agreed to hand over the keys to its Las Vegas and Reno resorts to a group of creditors. The Westin Canal Place in New Orleans was repossessed by Travelers. The Four Seasons hotel in Austin has been foreclosed by Manufacturers Hanover. The Los Angeles Airport Hilton is in the hands of Security Pacific National Bank. "It is unprecedented what has been going on with hotel foreclosures," says David Renton, who heads a hotel investment firm in Stamford, Conn. "This is the worst crisis for the industry since the Great Depression...
...Arab world under his leadership. The Soviets encouraged him with arms and money. U.S. Secretary of State John Foster Dulles retaliated by canceling his promise to help finance the Aswan High Dam, which Nasser hoped would harness the Nile. Nasser struck back in July 1956 by seizing the Suez Canal, still legally owned by the Franco-British Suez Canal...
...protracted legal and diplomatic maneuvers to restrain Nasser, the British, French and Israelis -- who all regarded Nasser as a "new Hitler" -- formed a secret alliance to attack him. After the Israelis marched across the Sinai Desert, the supposedly neutral British and French said they had to protect the canal and sent in paratroops...
...attack on the Suez Canal. President Dwight D. Eisenhower and Dulles, feeling betrayed by their allies, insisted that the invaders withdraw. So did the Soviets, who threatened to intervene on Egypt's side. The invaders gave in. Within two months, Nasser had his canal back, for which he ultimately paid $81 million...
...True, the analogies are very far from perfect. The U.N. and U.S. in effect reversed Nasser's 1956 defeat after a cease-fire, bringing , political pressure that forced the British, French and Israelis who had invaded Egypt to pull out again and leave Nasser in control of the Suez Canal. Sadat gained in stature because he had the gumption to start a war with Israel, only to be isolated later because he had the still greater nerve to negotiate a peace treaty with the Israelis. Nonetheless, opponents are afraid the lesson Saddam will draw is that in the Arab world...