Word: easts
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Dates: during 1960-1969
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...important posts. Tokyo was a case in point. After being turned down by at least four men, including John D. Rockefeller III and former Pennsylvania Governor William Scranton, Nixon selected a little-known career officer, Armin Meyer, who is experienced in Mideast affairs but a newcomer to the Far East. Unlike his two predecessors, who were influential with John Kennedy and Lyndon Johnson, Meyer is not, and this at a time of increased strain between the two nations. The Japanese made no secret of their disappointment. Nixon has retained the Johnson Administration's appointees in such key spots...
Unpromising Beginning. The first acts of the new regime, however, indicated that the ultimate reform of the Sudan is probably farther off than ever. The government promptly recognized East Germany on the basis of East Berlin's opposition to Israel, and announced its intention of sending a mission to Moscow to seek arms. At home, the new rulers hinted at nationalizing "local capital with imperialist connections," which could only sound ominous to the owners of Sudan's British Petroleum, Shell and Mobil oil interests. The military character of the regime, moreover, probably also means a stepped-up campaign...
...fact, China has been involved less dramatically outside its borders than the Soviet Union, which has Hungary and Czechoslovakia on its record, to say nothing of the Middle East arms race and the mounting of missiles in Cuba. On the other hand, China has consistently posed a subversive threat to its neighbors, with the propagation of a militant revolutionary doctrine that generally scorns peaceful coexistence with "imperialists." Peking backs so-called national liberation movements from Thailand to Mozambique...
...thing to Coney Island east of Coney Island. The Greek section of the current Guide has obviously not been revised for years: hotels described as "new" are actually in their teens, and Athens' Costi restaurant, which Fielding calls "our local favorite" and praises for its "excellent cookery and ancient waiters," qualifies as somewhat ancient itself. It closed down last summer. In Munich, Fielding marvels at a 330-ft.-high TV tower that is really 330 meters high, and manages to overlook three spanking-new luxury hotels...
Back to Rationing. To conserve scarce funds, most banks are turning down new corporate customers and rationing loans to regulars. Some are cutting off finance companies and mortgage-banking firms and generally refusing loans to finance corporate takeovers. The pressure is strongest on banks in the East and on the West Coast because they deal with many large corporations that need money to expand. The cost of borrowing, already at a 40-year peak, continues to rise. Bankers have stepped up their prime rate four times in the past six months, to an alltime high 7½%, and speculation...