Word: gulf
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Dates: during 1950-1959
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Pending a general settlement, who occupies such contested geographical points as the Gaza strip and the strategic islands in the Gulf of Aqaha? To save face for both sides, the U.N. might well administer Gaza temporarily (where 217,000 Arab refugees are already on the U.N. dole). On the other hand, the Egyptian islands and adjacent coastline of the Gulf of Aqaba should go back to Egypt, but might well be demilitarized...
...last week invoked the national-emergency provisions of the Taft-Hartley Act to stop a strike in the interests of the "national health and safety." In three fast-moving days the President 1) ordered a specially convened board of inquiry to look into the facts behind the East and Gulf Coast strike (TIME, Nov. 26) by the I.L.A. against the New York Shipping Association; 2) asked for and got a Federal Court injunction ordering the 60,000 strikers back to their piers from Maine to Texas for a ten-day period; and 3) indicated that if necessary he would...
...responded to the strike call, and by week's end they had been joined by 35,000 other I.L.A. members from Portland. Me. to Brownsville, Texas. For the first time in the I.L.A.'s checkered history it had effectively paralyzed every major port along the Atlantic and Gulf Coasts (and there was the possibility that the strike might spread to the West Coast, where members of Harry Bridges' International Longshoremen's and Warehousemen's Union tied up a dozen ships as a gesture of "sympathy...
...Middle East crisis flared and flickered last week, the New York Stock Exchange reflected the developments hour by hour. Led by big international oils like Gulf, Royal Dutch Shell, Standard Oil (N.J.), some stocks bounced up more than two points in an hour, then slipped back. By week's end the Dow-Jones industrial average had dipped to 480.67 for a 4.68-point loss. Only steels were consistent gainers, and there the star was Lukens Steel, makers of heavy steel plate for ships. Jumping as much as 12 points a session, it shot 34½ points higher during...
...fields to the Mediterranean, is still operating. But last week the Saudi Arabian government ordered Aramco to suspend all shipments to Britain and France, thus depriving them of some 35,000 bbls. daily by way of the pipeline, another 110,000 bbls. daily loaded on tankers in the Persian Gulf...