Word: eastward
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Dates: during 1940-1949
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From Manchuria eastward through Sinkiang, along some 3,500 miles of Inner Asian border between Russia and China, a great shift in power neared completion last week. The vast, potentially rich (oil, coal, gold, wolfram, uranium) territory known as China's Northwest was falling into the Communist orbit...
...airline members of IATA (International Air Transport Association) held a hurried meeting, worked out a temporary solution. From Oct. 1, until permanent rates are set, all transatlantic fares-both ways-will be at the $350 rate, thus setting a new rate in London of ?125. But from London eastward to Cairo, New Delhi, etc., fares will remain unchanged at their old rate in pounds, francs, etc. That meant that U.S. airlines will have to take as much as a 30% cut in dollar fares to compete. On the sea lanes, Britain's luxury liners, a prime source of dollar...
...fabulous riches of Anglo-Iranian's fields, in Persia and neighboring Iraq,* have been the focus of almost endless bloody struggles. The eastward-thrusting Kaiser coveted them in 1915 as did Panzer-probing Rommel in 1942. Between times and since, there have been such threats to meet as the overthrow of the Ottoman Empire and tribal revolts provoked by Soviet Russia. Through all, Britain and Anglo-Iranian, bending but never breaking in the storm, have kept control. Now Anglo-Iranian has assets of ?76,753,472, is the third largest crude-oil producer in the world; only Standard...
...Averell Harriman, believed East-West trade would bring more benefits to the West (in raw materials, less U.S. aid, loosening of the Russian hold on satellite nations, etc.) than to the East. Others held that a restoration of trade would not pay off unless it was accompanied by an eastward advance of Western ideology. In return for economic benefits Eastern Europe must grant democratic political reforms...
...Highway to Build. Though the Oriente's fertile soil could easily feed food-short Bolivia, the government in La Paz long neglected the rich lowlands. Only lately, with their tin starting to peter out, have Bolivians begun to look eastward. Even now, they are interested less in the Oriente's crops than in the oil that stands in golden surface pools in the swamps near Santa Cruz...