Word: lebanon
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Dates: during 1960-1969
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Since Beirut's overextended Intra Bank collapsed a year ago, the precarious prosperity of little Lebanon has been flattened by multiple misfortune. Despite a massive infusion of loans from the Lebanese central bank, which halted subsequent runs on Beirut's 71 other locally owned banks, foreign confidence in Lebanese banking has faltered. Many billionaire sheiks, whose deposits had helped to make Beirut the banking capital of the Middle East, moved their riches elsewhere. Tourist trade, the other principal prop of Lebanon's economy, all but vanished with the Middle East war. Now, in once bustling Beirut, sumptuous...
Baothist Brinksmen. Most Syrians are fed up with the Baathists and tired of the endless propaganda barrages. Both at home and abroad, the trio of ruling Baathist generals, led by Salah Jadid, find themselves with more foes than just the Israelis. In Lebanon, exiled Syrian politicians, including former Premier Amin Hafez-whom the Baathists overthrew last year-meet regularly to plot a return to power. Jadid has lately been at odds with the civilians through whom he rules. Chief of State Noureddin Attassi, who is believed to favor a somewhat more conciliatory policy toward Israel, recently walked angrily...
...years, U.S. parish priests admit, attendance at the confession box-once a Saturday ritual for legions of devout Catholics-has fallen noticeably. "I would say that confessions are at least a third less than they used to be," says Monsignor James A. Davin of St. Bernard Church in Mount Lebanon, Pa. At the same time, many renewal-minded Catholics are approaching the confessional in a more meaningful way-not as a mechanical means of cleansing their souls of sin but as a life-giving encounter with a forgiving...
...sternly rejected any multinational effort to mediate a settlement as merely providing the Arabs with a shelter against "the necessity of peace." Then, flying from New York to Strasbourg to address the Council of Europe, Eban turned to a more hopeful future by proposing an economic union of Israel, Lebanon and Jordan-a notion that even he had to admit wryly was "perhaps Utopian." Egyptian Foreign Minister Mahmoud Riad's reply in the U.N. was an attack on the U.S. for adopting "a position of alignment with Israel and hostility toward the Arab people." Lebanon's Premier Rashid...
...Lebanon last week agreed to let oil companies resume shipments to the three Western nations from its Mediterranean ports. That oil comes via two separate pipelines from Iraq to Tripoli and from Saudi Arabia to Sidon. Both lines run through Syria, whose extremist regime opposed ending the embargo and could easily close either line by twisting a few valves. The Trans-Arabian pipeline, jointly owned by Texaco, Standard Oil of California, Standard Oil (N.J.) and Mobil Oil, has been shut since the fighting erupted. Because some 20 miles of it runs through former Syrian territory, now occupied by Israel...