Word: neutralization
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Dates: during 1960-1969
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...prestige in Southeast Asia, which had been severely damaged by the aggressive conduct of his Chinese ally. Except perhaps in Afghanistan, his crowds were thin, especially compared to President Eisenhower's-and worse, his audiences were not really with him this time. His efforts to stay neutral on the Chinese-Indian border dispute were not sufficient to win the affection of neutralist Indians, who on this issue ardently believe there can be no neutrality between right and wrong...
From 28 miles off the Saudi Arabia-Kuwait Neutral Zone in the Persian Gulf flashed word last week that the Japanese-owned Arabian Oil Co., Ltd. had brought in its first well. It came in the nick of time. The 6,000 barrels of oil that will rise daily from the ocean floor ended months of misfortune that had brought the company near bankruptcy. An eleven-day fire in its offshore platform had cost the cash-short firm $780,000. and stockholders had refused to ante up any more capital. Now, flushed with the glow of sudden prosperity...
...price was steep, but oil-poor Japan had no choice. Instead of the fifty-fifty profit split then prevalent, the Japanese agreed to take only 43% of the profits from Kuwait, 44% from Saudi Arabia. They also promised to build a refinery in Saudi Arabia or in the Neutral Zone, agreed to sell 10% of production to the two nations at a discount, make available another 10% for sale to friendly Arab nations...
...topple a government satisfactory to the majority of their 45 million fellow citizens in Metropolitan France. But as last week wore on, metropolitan Frenchmen came to realize that it was not the insurgent settlers they had to fear; it was the French army, which stood revealed as neither a neutral witness nor an unwilling accomplice, but as the active and continuing patron of the settlers' revolt. "The army," lamented Paris' Les Echos, "has become the first party in France...
...less than a month since a pro-Western military junta had taken over unstable little Laos, only to be dismissed in a hurry when the U.S. and the U.N. decided that despite Communist threats from neighboring North Viet Nam, the world would be safer if Laos stayed neutral (TIME, Jan. 18). What about the army now, someone asked the brothers Abhay. It was the younger brother who answered. "The army must serve," he said grandly. "That is its basic and only role...