Word: kuwait
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Dates: during 1960-1969
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...developing nations that favor highly planned economies, the economists greatly influence the income that the ordinary man earns, the products he can buy, the jobs he can hold. Economists were the first to devise the plans for the Common Market in Europe and the Aswan Dam in Egypt. When Kuwait's government was pondering what to do with its sudden oil riches, it summoned Fakhri Shebab, an Iraq-born Oxford don; he conceived an $860 million regional-development fund that has extended loans to five Arab nations. Nicholas Kaldor, a Hungarian-born Briton, has drawn up budgets...
Constantly operating on the fringe of politics, Deak often gets subtle warnings of impending events. In 1962 millions of dollars worth of Indian rupees that Deak held were suddenly scooped up in Hong Kong, Beirut and Kuwait. They were purchased by agents of the Red Chinese, who used the rupees for folding money when they invaded India soon after...
...heavy-handed pitch about how Arab oil riches and Russian power together could defeat "any enemy," Khrushchev explained that unity must not be simply considered in national terms but must embrace the working classes all over the world. Some Arabs, for instance those in the oil sheikdom of Kuwait, continued Khrushchev angrily, are "lackeys of imperialism. Can you really unite with such people?" The air chilled, interpreters stammered, the Egyptian Ambassador to Moscow, Russian-speaking Murad Ghaleb, explained to Nasser that the translation had been faulty. "No, no," interrupted Nikita. "I meant what I said...
Critics cavil that not enough countries are represented at the New York World's Fair. Such critics, said Robert Moses, 75, offhandedly plucking a barb from the bulrushes, wonder why there is no exhibit from such as "the Sultan of Kuwait with his bottomless oil, Cadillacs, harems, heat, sand flies and camel dung." That kind of joke is as old as Moses, but tiny Kuwait was not amused. "Grossly unfactual references," said Talat Al-Ghoussein, Kuwait's Ambassador to the U.S., in a stiff note to the Fair president. Oil there is, to be sure...
...vanguard of what will be an international army of engineers drawn from Italian, Swedish, French and Egyptian construction companies. The job, whose feasibility was first worked out by the Swedes, will take seven years and cost $25 million; the expense has been largely met by contributions from the U.S., Kuwait and UNESCO. The overall boss of the international effort is 89-year-old Hochtief, whose name literally means "above below"-a reference to the firm's construction activities both above and below ground...