Word: oil
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Dates: during 1940-1949
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Russia, for instance, had agreed to let Austria stockpile vital materials (steel, chemicals), which the West considered necessary for Austria's recovery; the West had agreed to let Russia have a large share in Austria's oil production and prospecting rights. Some questions remained to be settled: e.g., whether Austria should be allowed to hire foreign technicians to help reconstruct her economy...
...searching parties had scoured the countryside in vain, a lumberjack walking near Oslo Fjord heard the thin cry of a child. He found the wreckage of the DC-3; sitting primly in his seat in the plane's tail, his safety belt fastened, rain-soaked and spattered with oil, was Isaac Allal...
...Manhattan, Playwright-Author Robert Sherwood (Idiot's Delight, Roosevelt and Hopkins) drew the top price-$600-at a charity auction sale of amateur art. His oil painting, Lion Couchant and Worried, was bought by his wife. Path of Investigation, an item whipped up for the occasion by White House Aide Harry H. Vaughan, went...
...Water-repellent clothing that isn't hurt by dry-cleaning, airplane oil that won't freeze, blood-transfusion tubing in which blood can't coagulate...
...President could hardly have found more encouraging words for an ally who, perching perilously on Russia's border, supplies oil to the West and depends on military aid from the U.S. If the warmth of Harry Truman's welcome was any indication, slim, soft-spoken young (30) Mohamed Reza Shah Pahlevi also seemed in a good way of getting the economic aid he was frankly looking for, to help finance Iran's ambitious seven-year plan for modernizing the ancient land of the Persians (TIME...