Word: nasserism
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Dates: during 1960-1969
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...order to finance a coup. Example: just before Abdul Karim Kassem took power in Iraq in 1958, the Iraqi dinar's price moved up sharply. The traffic goes the other way too: when the rich in a particular country get worried about impending trouble (for instance, before Nasser started nationalizing), they are apt to move their money to Lebanon, ready to follow in person if necessary. "Money is the world's greatest coward," explains Intra Bank Chairman Yusif Bedas...
After Egypt's Gamal Abdel Nasser nationalized the Suez Canal in 1956, he advised the Americans to "choke on your fury," and when John Foster Dulles died three years later, he gleefully ob served: "The worms are now feeding on this rotten old man." Though he was more restrained about the U.S. during the Kennedy years, the "nonaligned" Nasser is now back in full invective form, as he proved last week in a tympany-tempered speech at Port Said. "Anyone who does not like our atti tude," he roared, "can drink the sea. And if the Mediterranean...
...Victory Day" speech (celebrating the end of the 1956 Suez crisis), Nasser cockily confessed to the Congo caper. "We have sent arms to the Congolese rebels," he boasted, "and we will continue to send arms-because the rebels need the support of all honest nations." Inferring a U.S. threat to cut off $140 million a year in aid to Egypt (mostly surplus wheat, corn and frozen chickens), Nasser waxed indignant: "We drink tea seven days a week now: we can cut it to five. We eat meat four days; we can cut it to three. We are people of dignity...
Then, throwing a soulful glance at visiting Soviet Troubleshooter Aleksandr Shelepin, Nasser coyly dropped his punch line: "We shall not sell our independence for 30, 40 or even 50 million pounds." The price was indubitably high, but Shelepin must have got the message...
Along with the Aswan Dam and new industry, President Nasser's ten-year development plan has given Egyptians a bigger appetite. Since the plan was started in 1960, it has added 1,000,000 workers to the country's payrolls, increased both total national income and production by about 30%. It has thus given millions of Egyptians the wherewithal to improve their meager diets, and that fact has created a problem that the planners did not anticipate: an acute food shortage...