Word: nationalizing
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Dates: during 1950-1959
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...fact that one of us may have a bigger bomb, a faster plane or a more powerful rocket than the other at any particular time no longer adds up to an advantage. No nation in the world today is strong enough to issue an ultimatum to another without running the risk of destruction...
Black Gold. The effects of American aid to Libya are everywhere: the desert is beginning to bloom under U.S. irrigation engineers in places such as Wadi Caam, barren since the Roman aqueducts crumbled away. Last year the U.S. built 37 schools and equipped five teachers' training colleges (the nation has only 25 college graduates). In what may prove the greatest boon of all to the Libyan standard of living, after four years of probing the desert crust for oil, Esso Standard (Libya) last month drew an astonishing 17,500 bbl. a day in a test run of its first...
...ironies of history is that in the land where once the Romans hammered out the basic statutes of law and justice for the Western world, their successors in the modern nation of Italy are caught in as tangled and Kafkaesque a legal code as besets any country. Wrestling with precedents that go back to the Twelve Tables of 450 B.C., to the Caesars and Hadrian and Justinian, plagued by remnants of the Code Napoleon and the harsh Fascist glorifications of police and state, baffled judges let dockets pile up. Cases drag on, and prisons overflow with prisoners still awaiting trial...
...year-old Federation of Malaya is a nation in which the Malays have most of the numbers, the Chinese most of the money. It can exist only if the twain can meet. Thanks largely to the foresighted leadership of Tengku (Prince) Abdul Rahman, a wealthy, Cambridge-educated Moslem prince, peaceful and prosperous Malaya is run by a coalition Alliance Party, which has established a tenuous racial harmony among Malaya's 6,500,000 polyglot population...
...Crisis. The effects of the strike landed nowhere with more personal impact than on the Steelworkers themselves, tramping the streets just as it was announced that the nation's employment had hit an alltime high. Many workers faced out-and-out hardship, but most had a nest egg and meat in the freezer. Workers got one to two weeks' pay before the mills closed (average: $125 a week before deductions ). still have another two to three weeks' vacation wages coming. Dave McDonald halted the pay of 1,000 union officers, including his own $50,000 a year...