Word: lebanon
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Dates: during 1960-1969
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...dispatched a naval force to fight the Barbary pirates in 1801. Neither did Polk when he skirmished with the Mexicans in Texas, or Franklin Roosevelt when he sent troops to Iceland in 1941, or Truman when he sent U.S. forces into Korea in 1950, or Eisenhower in the Lebanon crisis, or Kennedy at the Bay of Pigs. In modern times, the possibility of nuclear conflict has made swift decision-making by the President an imperative. Says Stanford's Historian Emeritus Edgar E. Robinson: "The growth of the powers of the President in foreign relations appears to be the most important...
...economy of Lebanon, battered by a loss of tourist business as a result of the Arab-Israeli war, got a welcome lift on the home front last week. After a 15-month shutdown in the wake of the biggest banking scandal in Lebanese history, Intra Bank reopened its doors for business. The reopening quickly drew a crowd so large that police had to be called to control it. Not surprisingly, the throng consisted mainly of Intra Bank customers anxious to get their savings out rather than to put more Lebanese pounds...
Under Kidder, Peabody's design to refloat Lebanon's most important bank, the airline, real estate and other holdings will all be spun off into a separate investment company. Large depositors, including the U.S. Agriculture Department's Commodity Credit Corp., which had $22 million in Intra as an export loan covering surplus crop shipments, will be paid off in stock in the new company. Investors with less than 250,000 Lebanese pounds (about $80,000) in the bank will be able to get half their money back within the next three years, will receive the other half...
...lost all it had during the disastrous Greek-Turkish war in 1922. As regimes changed, his antimonarchist father, a professor of law, was hired or fired. The young poet lived as a diplomat or political exile in a bewildering succession of places-Albania, Crete, South Africa, Egypt, Italy, Turkey, Lebanon, Syria, Jordan, Iraq. During World War II, when the Germans and Italians occupied Greece, he remained with his government in exile. From 1957 until 1961, he was Greece's Ambassador to London. He once wrote...
...recoup the bank's crippling losses with their future profits. As a $1,000,000-plus financial consultant, Kidder, Peabody hopes to raise $30 million to develop these and other Intra-owned properties like Baalbek Studios, which is building motion picture sound stages in low-cost Lebanon with the expectation of luring movie makers from Italy, where production costs have been steadily rising...