Word: mediterraneans
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Oddly enough, a reopened canal may well have less effect on the transportation of oil, its old staple, than on other materials. Israel operates a pipeline from the Mediterranean to the Gulf of Aqaba, and Egypt is about to build a pipeline from the Mediterranean to the Gulf of Suez, skimming off some of the Persian Gulf oil that used to be shipped through the Suez on tankers. Moreover, some oil company officials claim that the cheapest way of all to transport oil is in supertankers too big to run the canal. Even so, a third of the world...
Meanwhile, the repopulated canal zone cities are expected to take on their old color and bustle. Osman plans to make Port Said a free trading zone attractive to manufacturers from all over the world. Located on the Mediterranean at the mouth of the canal, Port Said offers a good climate and cheap labor (skilled factory workers make $6 a day). The government would allow raw materials to enter the zone and finished products to leave it with virtually no taxation. To the south, along the canal on Lake Timsah, Osman has dreams of building a $125 million tourist resort...
...serve as a deterrent to future fighting around it. However, the Pentagon is somewhat less enthusiastic about the project. Military strategists point out that the reopening of the canal would give Soviet naval vessels much greater maneuverability than they now have in steaming between the Indian Ocean and the Mediterranean-the very waters in which they are already putting on big shows of new strength...
What costs more than the Krupp diamond or a drawing by Rembrandt? Answer: a lonely homestead tucked away in the sylvan woodlands of New Jersey. Though there is nothing so gauche as a FOR SALE sign on the front lawn of this brand-new, Mediterranean-style villa, the hunt is on for a buyer The price tag: a cool...
When Atlantic City threatened last year to change the names of its Baltic and Mediterranean avenues, Parker sprang to eloquent defense of his firm's best-selling game, Monopoly (whose board squares are named after real estate in the seaside resort), and succeeded in preserving not only the town's street names but a 38-year-old American tradition as well...