Word: nationalizing
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Dates: during 1950-1959
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...lawyers had urged him to take the Fifth Amendment. But Baker decided to clown his way through a performance aimed at concealing a grimly important fact: Barney Baker is just the sort of specimen used by his friend and employer, Teamsters' President James Hoffa, to control the nation's biggest, most predatory union...
...pledges it had systematically broken was not clear. Anyway, Jordan shut off its radio war against Egypt and hoped Cairo would reciprocate. Hussein, who only a year ago had accepted Egyptian command of his army after driving out the British, said he hoped to resume diplomatic relations with the nation that called him traitor. Some diplomats thought that Nasser would think twice about inheriting the creaky state of Jordan if he felt that Israel would fight to keep Jordan out of his hands. Nasser's economic and political difficulties in absorbing Syria (TIME, June 30) may also have persuaded...
...fact was that the West had decided that if it could not in conscience join in Arab nationalism, it would no longer fight it, and would even put up money to help "legitimate" Arab nationalism. The trouble is that the controlling interest in Arab nationalism is now owned by Nasser. In winning a breathing spell in the Middle East, the U.S. and Britain had all but conceded hegemony of the Arab world-at least during reasonably good behavior-to a man and a nation steeped in hostility to the West. The Egyptians were among those most jubilant...
...Only nation not voting: the Dominican Republic. Since Playboy "Ramfis" Trujillo, the dictator's son, was refused a diploma from the Command and General Staff College at Fort Leavenworth, the Dominican Republic has had the sulks over everything American (presumably including the U.N. because it is in New York...
...Delhi, India's Finance Minister Morarji Desai warned Parliament of the widening gap in foreign exchange, said the government may have to ''mobilize" all the nation's gold-from women's jewelry to hoarded bullion. India needs some $300 million additional credit this year, $500 million next year, more than a billion dollars by 1961. Desai found the situation so desperate that, to avoid defaulting on foreign payments, he was preparing at week's end to make his first journey outside India to plead his nation's case in London, Washington, Montreal...