Word: oil
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Dates: during 1950-1959
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...York's Nelson Rockefeller has proposed more horse racing (betting is already taxed) by means of an extra race a day and five additional racing days a season. Texas, its oil producers already hilt-taxed, may tax natural-gas transmission companies as well. New Mexico may triple its severance tax on uranium; Nevada will collect one-fourth the state budget from legalized gambling; Florida taxes citrus growers and Maine its timber...
...events that have sent generally corrupt Parliaments packing from Pakistan to Thailand. But Sukarno's erratic guidance of his island nation of 85 million people has brought it dangerously near bankruptcy and disaster. A right-wing rebellion, sporadic, unmilitant, but persistent, threatens the nation's resources of oil and rubber. Indonesia is even more dangerously threatened by a Communist Party that is the largest in Asia outside of Red China. But the personal magnetism of Sukarno, the political leadership of Premier Djuanda, and the surprisingly competent and anti-Communist army under General Haris Nasution have so far kept...
...Murata's long-awaited book on his philosophy finally came out, and though copies of it were snatched up, its author was no longer alone in the navel business. One of Japan's top beauticians, Mrs. Aiko Yamano, hit upon the idea of mixing a perfumed olive oil with a bit of lanolin and persuading women to pour a few drops into their navels before retiring. She called her oil "BB" for Brigitte Bardot. Girls in their 20s, she found, began sprouting pimples in spite of this treatment, but women over 30 developed clear, smooth skins. Within four...
...stoop-shouldered M'hammed Yazid, "Minister of Information" in the rebels' provisional government, stepped forward. "We regret to declare." he announced, "that the provisional government of the Algerian Republic does not presently see any prospect for peace in Algeria." Yazid went on to warn off Standard Oil of New Jersey, which had just negotiated oil-exploration rights in the Algerian Sahara with the French. "Our people are not tied by deals concluded with the enemy." warned Yazid, "and consider them an act of hostility toward the Algerian people...
HUGE URANIUM FIND, perhaps biggest in U.S., was made in Wyoming's Shirley Basin area shared by Utah Construction Co., Tidewater Oil Co., Kerr-McGee Oil Industries, Inc. Reserves there total 1,500,000 to 4,000,000 tons of high-grade ore (.8% uranium oxide), but most of it will not be mined for a long while because market is glutted...