Word: nasserism
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...city's walls, and the scarred stump of the statue of Canal Builder Ferdinand de Lesseps, torn down by mobs celebrating the departure of the last Anglo-French invaders, still stands at the canal entrance. Vastly more in evidence, as Egyptians prepared to celebrate the second anniversary of Nasser's Suez "victory," were the 385 ships that his Suez Canal Authority shuttled through the canal last week with smooth efficiency. Good operation of the ditch is now taken for granted, even by those who predicted so darkly back in 1956 that the Egyptians would make a mess...
...Only the Best." Since Nasser seized the canal, his men have put 28,949 ships through without a single serious accident. One day last March an alltime record of 84 ships passed through the canal. By all signs, this month will set another record. Last August the U.S. aircraft carrier Essex, with a deck half again wider than that of any ship transiting the canal before, showed up at Port Said on an emergency dash to reinforce the Seventh Fleet off Formosa. The Egyptians eagerly built a special platform on the deck, and from this vantage their senior pilot...
...with the help of 30,000 fellaheen digging by hand, and dredged the canal to the old maximum depth of 35 feet. The workmen, pilots and supervisory staff are paid from booming revenues. Younis says the authority took in about $110 million last year, and paid $15 million into Nasser's treasury as profit. His hastily recruited 220 pilots, replacing those who walked off in a body one day, include six Americans, 21 West Germans, 40 from Communist countries, and 100 Egyptians. They have worked well. By way of improvement, Younis hopes to install radar, walkie-talkies for pilots...
...refining facilities and extensive marketing systems, can offer an immediate and sizable outlet for Middle East oil. The feudal princes of Saudi Arabia, who have overdrawn on their big profits to support their luxurious living, are interested in getting the most possible revenue now. But Tariki, an admirer of Nasser, shows a disposition to settle for less revenue now, which in his view is wasted on palaces and princes, in favor of Arab control of future oil marketing. On this point, the major Western companies insist, they must never yield...
...fresh wave of kidnapings and killings. Though the fighting that the U.S. Marines had been sent in to discourage had presumably ended with the election of an above-the-battle general, Fuad Chehab, as President, it quickly broke out anew. Chehab's choice for Premier, a pro-Nasser rebel named Rashid Karami, had loaded his Cabinet with Nasserites. The precarious fifty-fifty balance of Christians and Moslems, which alone has kept Lebanon tranquil in the past, was broken again. This time it was the Christians who became the rebels...