Word: dams
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Dates: during 1950-1959
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Before canceling out on the offer to help build the $1.3 billion Aswan Dam (TIME, July 30), the U.S. had speculated that Egypt's Nasser might seize the Suez Canal in retaliation. But State did not rate the chances very high. Secretary Dulles was in Peru when Nasser shrieked his challenge (see FOREIGN NEWS). Dulles got on the radiotelephone to Under Secretary of State Herbert Hoover Jr. Hoover conferred with President Eisenhower, and the President dispatched Deputy Under Secretary of State Robert Murphy to London to confer with the British and French on lines of counteraction...
...disability benefits at the age of 50, forced on the Defense Department more money ($900 million) than it wanted for the Air Force. The two bills for which the 84th will be longest remembered: the $33 billion highway construction program, biggest public works project in U.S. history, and the dam project to bring vital power and water to the hungry, thirsty Upper Colorado River Basin...
...House and Senate were benumbed and confused when they came to the final vote on foreign aid, it was not too surprising. Early in the session the Administration had hinted broadly at a bold new program for long-range economic aid, had cited Egypt's Aswan Dam as a prime example of a worthy long-range project; now the Aswan Dam program had blown sky-high in the latest Middle East explosion. Never did the Administration present a coherent world economic policy. In May NATO's retiring commander General Alfred Maxmilian Gruenther testified grimly on the urgent need...
Problem for a Nurse. On the last day of the Brioni conference the U.S., in an astutely timed move to discourage the spread of neutralism, coldly withdrew its offer to help Egypt finance construction of the billion-dollar Aswan High Dam (see NATIONAL AFFAIRS). Flying off to Cairo with the bruised Nasser, Nehru, the high priest of neutralism, found himself at week's end playing nurse to a new and noisy member of the family. It was doubtful, however, that Nurse Nehru could offer 38-year-old Nasser much in the way of consolation or even advice...
MORE POWER PARTNERSHIP is in store for Northwest. Pacific Power & Light Co. has signed deal with Washington State's Cowlitz County Public Utility District to develop Upper Lewis River in $56.7 million project to produce 256,500 kw. by 1958. Pacific Power & Light will build and own main dam and powerhouse producing 189,000 kw., while PUD will spend $15 million on smaller, 67,500-kw. downstream powerhouse, get 26% of overall power produced...