Word: gulf
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Dates: during 1960-1969
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...fact that Lebanon has one of the world's freest capital markets and a Swiss-like secrecy law so rigid that any loose-tongued banker can be jailed for two years. Beirut's safety has also impressed some of the usually suspicious sheiks of the Persian Gulf. Sheik Shakhbut of Abu Dhabi, who earns $1,000,000 a week from his oil, insisted on burying his bank notes in his mud-brick palace-until silverfish began drilling through the bundles...
...their chief argument is that Culligan's interest in editorial salvage work has waned, particularly since the discovery of a rich copper-ore body in Ontario, adjacent to a Curtis holding of timberland. Since then, Culligan has filled the role of prospector with enthusiasm. Texas Gulf Sulphur, which made the discovery, has promised Curtis a mere 10% of the net profit in mining Curtis' acres-if and when they are ever mined. Buoyed in part by the blue-sky possibilities in Ontario, Curtis stock rose to a high of 191, has since settled in the vicinity...
...Jimmy's letter; indeed, to Mrs. Kress's great astonishment, the letter made the front pages of newspapers all over the U.S. For the most part, it contained a lively, although almost certainly inaccurate account of the mysterious Sept. 18th destroyer action in the Tonkin Gulf. Wrote young Kress: "We picked up about seven contacts on the radar screen. The Edwards blew two of them out of the water for certain and shot up another one. I don't know if the Morton destroyed any or not. One of them boats like...
Jimmy Kress's letter was just one more embarrassment to a Pentagon already embarrassed by the third Tonkin Gulf incident. The incident came at a time when Barry Goldwater was trying to make a political issue out of Washington's ability to maintain instant communications with combat areas. When he first got the word, Defense Secretary Robert McNamara broke off a news conference, canceled a speaking engagement that had been scheduled for Chicago later that...
Some 24 hours later, McNamara announced that two U.S. destroyers in the Tonkin Gulf had been approached by "four unidentified vessels with hostile intent." The destroyers fired, and the craft disappeared. But there were so many conflicting accounts of the action that the Pentagon finally sent an investigating team to the area. Returning to Washington, the investigators said only that they had verified two of the radar contacts, but "there may have been more...