Word: dams
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Dates: during 1950-1959
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...Nasser's word that it was just a commercial transaction with the Czechs, based on considerations of self-defense and the need for bartering away surplus cotton. Turning the other cheek, the U.S. practically embargoed arms shipments to Israel, and even volunteered to help build a $1.3 billion dam at Aswan, offering Nasser a $56 million grant for a starter. The World Bank pledged an additional $200 million loan...
...Dictator Gamal Abdel Nasser early last week as he presided over the dedication of a new Cairo refinery. While Soviet Ambassador to Egypt Evgeny Kiselev nodded approvingly in the audience, Nasser spluttered his anger at the U.S. withdrawal of its offer to build the billion-dollar Aswan Dam, and branded as "lies" the U.S. explanation that it acted because of the shakiness of the Egyptian economy (TIME, July 30). Choking on his own fury. Nasser promised: "Egypt is going ahead with the High Dam...
...Nasser had already pledged his country's cotton crop for years to come to pay for his Communist arms. Moscow last week made it plain that it was not willing to finance the dam, even though it had let Nasser blackmail the West with the threat of a Soviet counteroffer. Now Nasser stood exposed. Even his brother Arabs privately agreed that he had asked for the trouble he was in. All this was vexing to 38-year-old Gamal Abdel Nasser, who is a proud...
Then Nasser delivered his blow: "We shall build the High Dam as we desire ... The annual income of the Suez Canal is $100 million. Why not take it ourselves? In the name of the nation, the President of the Republic resolves that the World Maritime Company of the Suez Canal will be nationalized ... At this very moment some of your Egyptian brethren are taking over the Canal Company...
...race) and his "little boat," the 103-ft. auxiliary schooner Eros, Niarchos has cruised effortlessly into international society. He has become a patron of the arts (he paid $300,000 for El Greco's Pieta) and the sport of kings (his 18-horse stable includes Nashua's dam, Segula). A lover of good food and wine, he has been known to explain to dallying guests, as he heads for the dining room: "My cook doesn't like to be kept waiting." He likes to dance and gossip,-"gives or attends at least five parties a week...