Word: gulf
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Dates: during 1950-1959
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...place where U.S. businessmen abroad can still flourish in a climate of high-riding free enterprise is the oil-booming republic of Venezuela, on the north coast of South America. Since 1948, when the government and the foreign-owned companies-notably Standard Oil Co. (N.J.), Shell, Gulf. Socony-worked out a mutually satisfactory deal that calls, in effect, for a 50-50 split of oil profits, production has shot up to 1,800,000 bbls. a day, flooding the sparsely populated country* with $700 million a year in oil income. The gratified government has thrown the door wide open...
...other hand, the U.N. is now especially vulnerable to any Russian diplomatic double-dealing which has a plausible appearance of honesty. In the hubbub over the Korean peace talks, the major U.S. allies have shown their hopeful conviction that the deep gulf between the free world and the Communists can now be bridged by a round-table discussion. The U.S. is trying to persuade the British and others that Communists, on their record, are apt to be insincere negotiators...
...NBCTV) often uses the camera as one of its actors, and leans toward old-fashioned horror stories. Last week's show was a supernatural melodrama about a numbed victim and a reluctant murderer, but toward the end, the eerie quality dissolved into unexplained silliness. Sponsor: Gulf...
Pattern for Progress. It is along the Gulf Coast, where Texas has had its greatest industrial growth, that the state has its major water problem. To the east of Corpus Christi are flooding rivers, and to the west, drought has brought a "little dust bowl." The Bureau recommends a vast $1.1 billion project to build reservoirs along the eastern rivers and channel their flow into a "trans-basin water supply canal," which would swing in a broad arc parallel to the coast and would irrigate 1,000,000 acres of dust-dry farmland. Estimated costs: $370 million for the reservoirs...
...trick of campaigning on an all-out New Deal platform, including Franklin Roosevelt's Supreme Court packing plan. The stratagem got the nine other more conservative candidates to turn all their fire on Lyndon giving him all the publicity. F.D.R., fishing in the Gulf, heard about Johnson's campaign, took him back to Washington on the presidential train. That was the beginning of a long friendship, renewed and broadened over many a Sunday-morning breakfast at the White House...