Word: israel
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Dates: during 1960-1969
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...vast commitments around the world-and the insatiable wanderlust of millions of its well-heeled citizens. In 1967, the outflow turned to a flood-between $3.5 billion and $4 billion. Major factors included the tourist rush to Canada's Expo 67, the outpouring of private funds to finance Israel's costly war, the slowdown in Europe's economies and, most important of all, Britain's devaluation of the pound, which caused a speculative rush for gold and put intense pressure on the gold-backed U.S. dollar...
While most Arab leaders are obsessed with the problem of Israel, Saudi Arabia's King Feisal is more worried about his fellow Arabs. In neighboring Yemen, he faces a hostile and radical Republican regime that has constantly attacked him for six years. In South Arabia, also on his borders, the terrorist National Liberation Front recently drove out the pro-Feisal sheiks and sultans, renamed the country South Yemen and immediately cast covetous eyes on the sheikdoms of Muscat and Oman and the oilfields of the Persian Gulf, of which Feisal owns a good share. Everywhere he turns, Feisal sees...
Temporary Mask. The King appears to have patched up his longstanding feud with Nasser-but only on the surface. After the disastrous June war against Israel, Feisal promised to send $140 million a year to help repair Egypt's ruined economy; Nasser, in turn, agreed to withdraw the troops that had been propping up his puppet regime in Yemen. The agreement, however, is only a temporary mask that covers but does not diminish the basic enmity between the two men. "Without question," says a confidant of the King, "Nasser is the No. 1 devil to Feisal...
...keep the devil at bay, Feisal last week let it be known that he would not attend the Arab Summit Conference tentatively scheduled to begin in Rabat on Jan. 17. Feisal resents the fact that the conference and its subject-Israel-were arranged at Nasser's behest and convenience, fears that Nasser will put the bite on him for more money. Feisal has no intention of increasing his payments. Indeed, he has taken advantage of the Egyptian withdrawal from Yemen to promote a Royalist offensive against the Republican capital of San'a. If he can dislodge the Yemeni...
...unknowns, John Kenneth Galbraith and Drew Pearson will publish their first novels; Galbraith's will deal with State Department misadventures in South America, Pearson's, naturally, with a venal U.S. Senator. The new Morris West is about the buildup of the Six Day War in Israel. Following the fashion of pointless pen names, Kingsley Amis calls himself Robert Markham as he takes over the James Bond industry with a suitably unlikely yarn about a convention of Iron Curtain bosses in Greece. Arthur Hailey seems to be starting a literary business too, by following his bestselling Hotel with...