Word: gulf
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Dates: during 1960-1969
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Alcoa President John D. Harper figures that peace would cost his company only 5% of its present tonnage of sales, a loss that would be quickly overcome by such resurgent civilian business as construction and commercial aircraft Oil and steelmen are equally unworried. Says Gulf Oil Chairman E D Brockett: "We could get back to doing a lot of things we should be doing...
...advancing upon the land. According to the Army Corps of Engineers, at least 90% of the Atlantic Coast from New Hampshire to Florida is being eroded, and a dozen of the biggest public beaches are so badly depleted that they are in danger of being carried away. And the Gulf Coast and the Pacific are not much better...
...Shah's problems with the U.S. are twofold. For one thing, Washington refuses to support his claim that the entire Persian Gulf-including the oil-rich island of Bahrain, an independent sheikdom that is one of the U.S.'s few remaining friends in the Arab world-belongs to Iran. For another, the British-American Consortium that operates Iran's own enormous oilfields refuses to bow to his demands to double production (now a record 130 million tons a year) in the next five years to finance his national-development program. The Shah is not at all impressed...
...iron ore and petroleum that the Iranians are only too glad to unload. Five other East European countries have followed Russia's lead, and together they have agreed to build him 19 major factories, 500 miles of railroad and a pipeline that will carry natural gas from the gulf to the Caspian...
...withdrew when the fedayeen commander delivered a matter-of-fact announcement: "You have three minutes to decide whether you leave or die." The rest of the Arab world has taken up the fedayeen with nearly unanimous vigor. Iraq and Syria offer training programs for several thousand commandos. The Persian Gulf states, led by Kuwait, raise money for them through a 5% tax on the salaries of their tens of thousands of resident Palestinian workers, and a recent fund drive in Lebanon brought in $500,000 from Beirut alone. So much money is flowing in that fedayeen organizations now guarantee lifetime...