Word: fiascoes
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Dates: during 1950-1959
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Three years ago, in the disorder that followed the Suez invasion fiasco, Great Britain was faced with such a run on the pound sterling that it asked for and got $500 million in credit from the U.S. Treasury through the Export-Import Bank. But confidence in the pound was restored so quickly that only $250 million of the money was actually borrowed-on ?300 million security posted by Britain, to be repaid at 4.5% in ten installments from 1960 to 1965. Last week, with Britain's economic rebound having turned into a full-fledged boom, and the first favorable...
...said, it appeared that at least some few forward steps had been taken toward creating a peaceful atmosphere. But if, on the other hand, all the talk was just more Communist bunkum, then in terms of world hopes raised and dashed, the Khrushchev trip could only be a fiasco. In either case, it was certainly not yet time for the free world to relax its guard...
Harking back nostalgically to the good old days when party activists worked seven days a week and scarcely found time to eat or sleep, the provincial paper Gazeta Robotnicza blamed the Ziebice fiasco on the fact that Ziebice's Communists were unwilling to accept responsibility. "We might as well say why," mused the paper unhappily. "A number of our activists have come to like the petty-bourgeois way of life. They want nothing else but to be left in peace...
...sensational and sensationalized visit to the United States is ended, and the usual second guesses on whether he should have been invited and whether he was handled properly will no doubt be aired for a considerable time. It appears now that Khrushchev's trip resulted in neither a fiasco nor an unqualified triumph for either party. The Premier's tour was of course bungled, ever so slightly, as it was bound to be; Khrushchev, on the other hand, did not exactly induce any false sense of security with his occasional beligerence and his obvious intransigence on many basic issues...
...Suntan Vote. Never before had a British party won three straight general elections without coalition support, but there was little doubt that Macmillan, a master of political maneuver, had chosen the top psychological moment. The Tories' Suez fiasco and its architect, Sir Anthony Eden, were fading into oblivion; the Macmillan government was basking in the new Anglo-American warmth generated by President Eisenhower's triumphal tour. Even the Queen's prospective baby and the sensationally brilliant summer seemed to count in the government's favor. Macmillan, complained Labor Party Chairman Barbara Castle, was "rushing...