Word: deal
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Dates: during 1950-1959
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...such choices, Schlesinger reads a "revolt of the low-level professional within the party organization against the New Deal and post-New Deal leadership . . . Anti-eggheadism is certainly part of the story. Another part of the story is an anti-Ivy League feeling which has been rankling for many years in the murky lower depths of the Democratic Party in the Northeast...
...this "Know-Nothing revolt," writes Schlesinger, "is to wipe out the transformation wrought in the Democratic Party by Franklin Roosevelt and the New Deal and to recreate something like the Democratic Party of the twenties." Today's Democratic leaders "forget that the Democratic Party has been nationally successful only as a great coalition in which intellectuals play a central role," forget also that "the great natural resource of the Democratic Party is brains...
...Three. Thus, twelve centuries after Arabs from Oman colonized their land, the peoples of the East African territory of Tanganyika (where Stanley found Dr. Livingstone) voted last week in their first election. Taken over by the Germans in 1884 in a fast deal with twelve tribal chiefs, Tanganyika passed under British mandate after World War I, and in 1946 became the U.N.'s largest trusteeship (362,688 sq. mi.). For a decade the British administrators prepared the way for last week's "experiment...
...last remaining foreign-flag enclaves on the continent of Asia*was erased last week. In the first international cash-for-territory deal since the U.S. paid $25 million for Denmark's Virgin Islands in 1917, the republic of Pakistan purchased the sun-blanched, 300-sq.-mi. peninsula of Gwadar (pop. 20,000) from the Sultan of Muscat and Oman. Price: $8,400,000 cash and a percentage of any oil ever found on Gwadar's rainless shores...
...MISSILE MERGER is set for Northrop Aircraft (sales: $255 million) and American Bosch Arma (sales: $134 million). Deal would link Northrop's production of entire planes (T38 trainer) and missiles (Snark) with American Bosch's output of components...