Word: canals
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...high as 40% in some places. Foreign debt has risen to $3.4 billion, and export revenues (primarily from bananas, shrimp and light manufacturing) are falling. Panama is not benefiting much from the country's famous waterway, which was transferred to joint U.S.Panamanian administration under the 1977 Panama Canal treaties. The Big Ditch, historically a not-for-profit concern, last year showed an operating loss of $4 million, reflecting a worldwide shipping slump. One of Ardito Barletta's first unpleasant chores will be a round of belt tightening prescribed by the International Monetary Fund. The measures include a removal...
...remained in power be cause of what Greene acknowledges was "a streak of cynical wisdom." Torrijos liked to announce, "I don't want to enter into history. I want to enter into the Ca nal Zone." If diplomacy failed to establish Panamanian sovereignty over the U.S. -built canal, there was always sabo tage: blow a hole in the Gatun Dam, and it would take three years for rain to refill it. Meanwhile, he would mount a guerrilla war in the mountains...
...involvement, Bunker did finally see the withdrawal of U.S. troops in 1973 after four years of " Viet-namization." Sometimes known in diplomatic circles as "the Refrigerator" for his icy imperturbability, he later capped his career as chief negotiator in acrimonious but ultimately successful talks with Panama over the new canal treaties. "I'm an old-fashioned patriot," he once explained of his devotion to duty despite diplomacy's frustrations. "I have always assumed that my country was fundamentally right in its dealings with others...
After a full year of games on the road, the Lions will return to a brand-new multi-million-dollar stadium overlooking the not-so-beautiful Spuyten Duyvil Ship Canal...
...picturesqueness, of brilliant color, of light and shade. There is a picture in every street and at every bazaar stall." Some 70 years later another novelist, E.M. Forster, foresaw a dreary end to the Orientalist movement. In a letter to a friend about a voyage through the Suez Canal, he wrote, "It was like sailing through the Royal Academy-a man standing by a sitting camel, followed by a picture of a camel standing by a seated man: picturesque Arabs in encampment, ditto in a felucca...