Word: liberian
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...mostly onetime U.S. Defense Department officials who in 1958 bought out the New York-based Marine Transport Lines, which is bidding for the Niarchos fleet and is anxious to keep it out of foreign hands. Through a complicated maze of companies, they operate 61 ships under American and Liberian flags. Leading the group is H. (for Harris) Lee White, 52, former Air Force Assistant Secretary, now a partner in the Wall Street law firm of Cadwalader, Wickersham & Taft. Other principals are ex-Deputy Defense Secretary Roger Kyes (now a General Motors vice president); the estate of ex-Defense Secretary Charles...
...Marine Transport figures that it can make money in the world's biggest floating crap game. Being an American firm, it will escape the anti-Niarchos sentiment, but can collect the low-tax, low-wage benefits that Niarchos already enjoys by keeping most of his ships under the Liberian flag. The company's executives are also impressed that Niarchos' Greek competitors are more optimistic about the future of shipping than he is, now have $500 million worth of ships on order. Niarchos himself is building one new supertanker in France (not included in this deal...
...described as "the biggest sensation since Khrushchev took off his shoe." Complained Turkish Ambassador Turgut Menemencioglu: "They're more interested in Cassius than in Cyprus." Delegates lined up to shower him with invitations to visit their countries. "We're proud of you. Come whenever you can," beamed Liberian Ambassador Christie W. Doe. "Thank you, sir," answered the pride of Louisville. "I have longed to go back home to Liberia." Cassius' eyes bugged at the sight of an African delegate carrying the ornately carved stick of a tribal chieftain. "Man," breathed Cassius, pointing to the stick...
...Pepper Coast. Liberians had to build their country from scratch. "We did not have the luck to be colonized," is a standard Liberian joke, and it is true that there were no imperial rulers to leave behind post offices and palaces, schools and hospitals. The population, which the government estimates at around 2,000,000, consists of a 99% tribal majority living in primitive isolation in the back country and a 1% governing minority called Americo-Liberians, descended from a group of freed U.S. slaves sent to the Pepper Coast of Africa with the backing of President James Monroe...
Genial Shad Tubman rules Liberia through his True Whig Party and by the judicious use of jobs and "dash"-the local word for payoffs for favors-to keep the important 20,000 Americo-Liberians happy. He has also originated a unification policy intended to pass out political and economic plums to the hinterland tribes and was the first Liberian President to give them representation in the legislature. Half of the U.S. development grants of $8,600,000 a year is earmarked for teacher training and the construction of schools. Tubman quite frankly caters to the Liberian love of status...