Word: es
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Dates: during 1950-1959
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Iraq (pop. 5,200,000) is the only Arab member of the anti-Communist Baghdad Pact. Egypt's chief rival for Arab leadership, Iraq was until recently counted a British preserve. Tough old Nuri es-Said, Iraq's strongman, is Britain's best Arab friend in the area, but under pressure of nationalists 1) announced publicly, after the Suez invasion, that Iraq will boycott all Baghdad Pact meetings attended by Britain, 2) told the U.S. privately that if he is to survive he must disengage from the British. Rich oil reserves, well spent on long-range development...
...cite many examples, such as the roving missionary in Tanganyika who would be disappointed not to get our current issue on his weekly shopping trip to Dar es Salaam. British commercial travelers, returning from the Far East with a great hunger for the latest news of the Suez crisis, are delighted to find TIME in the bustling Arabian Sea port of Aden. And at Bishoftu, Swedish airmen training Ethiopian air force crews can now read the news of the world in TIME long before hometown newspapers reach them...
...would-be borrowers to postpone new issues; low-interest (3%), 40-year Government bonds sagged in value. While higher interest rates had been partially anticipated on the stock market, stocks dropped to the lowest point in seven weeks, then rallied at week's end. The Dow-Jon'es industrial average closed at 507.91, off 7.88 points for the week...
...were lightly slapped for charging large executive salaries and bonuses to cost allowances on Government contracts, for hiring recently retired military generals "fresh from the opposite side of the desk" and giving them nebulous "advisory" positions. Said the report: "Companies whose business is so closely interwoven with the Military Es tablishment ought to lean over backward so that no suggestion of favoritism, influ ence, or 'old school tie' could be read into their conduct...
...Faced with far more eligible candidates than the nation's lycées could possibly handle, French educational authorities decided to slash the number by giving the toughest entrance examinations in history. They succeeded only too well. This month 200,000 eleven-year-olds were forced to answer questions on André Gide, to analyze passages from Gabriel Hanotaux, and to solve problems such as: "A group of passengers contributed 850 francs each to rent a bus. Six withdrew, so the price was raised by 210 francs each. How many people finally formed the group?"* The result...