Word: mediterraneans
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...both sides of Israel's four hundred mile frontiers. The leaders of neighboring Arab countries are apparently no more reconciled to the existence of Israel today than they were in 1948, when their armies invaded Palestine in an effort to drive the citizens of the new state into the Mediterranean. Only last month Cairo Radio compared Israel to "a hopeless prisoner doomed to be hanged." The years of tension, climaxed by Egypt's recent purchase of sizeable quantities of tanks, jets, and artillery from the Soviet bloc, have driven many Israelis to corresponding extremism...
...week's end Sir John Harding personally delivered London's reply to the archbishop: a stern no. Britain, as immovable as any of Aphrodite's daughters, was not yet ready to loosen its grip on its eastern Mediterranean military command post by conceding the right of self-determination...
...check the spread of trouble, Washington last week sent one of its best troubleshooters to warn Nasser against the Communists' poisoned apples. Britain sent its top soldier to impose order on its East Mediterranean bastion (see below). Russia, meanwhile, sent a polite note to all three Western powers to express its belief that any nation can buy weapons wherever it pleases. To prove its point, Russia already was busy offering its wares to Syria and Saudi Arabia. In other words, this talk of disarmament and the "spirit of Geneva" was all right in its place and time...
...August 1915, Lieut. John Harding led a platoon against the Turks at Gallipoli, where British forces, too little and too late, were defeated. This week Harding, now a field marshal and retiring chief of the Imperial General Staff, returned to the eastern Mediterranean to repair the damage done in Cyprus by too little diplomacy too late. Sir John's appointment as governor of Cyprus, the headquarters of Britain's Middle East armed forces, was notice that Britain meant to crack down on violence stirred up in the name of enosis (union) with Greece...
...Israel Oil Co. and Israel-Mediterranean Petroleum doubled in value, jumped more than a point apiece to 2½. Pantepec Oil Co., which had a brief flurry last winter after a radio tip by Columnist Walter Winchell (TIME, Jan. 31) but has done little since, shot up nearly two points to 6 1/8. Israel-American Oil Corp. climbed if points to triple in value and close at 3¼. Between them the four companies traded 365,500 shares. For stockholders in the companies (total shares outstanding: 15 million), the paper profit on the stock rise amounted to some $23 million...