Word: oiled
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Rather than invoking the legal deadline for imposing sanctions against Peru for seizing an American oil company's properties without satisfactory compensation, the President agreed that the matter could await litigation under Peruvian law. Then Washington began the process of re-establishing relations with Cambodia. At the disarmament conference in Geneva, the U.S. dropped its demands for on-site inspections of nuclear weapons plants, which the Russians have opposed. Secretary of State William Rogers announced that "there is nothing that stands in the way" of discussions with the Soviets on limitation of strategic nuclear arms. Rogers said he expected...
Peru's ruling junta defiantly observed a "Day of National Dignity" last week with, among other things, an issue of commemorative postal stamps. The stamps portrayed a worker stripped to the waist who proudly held aloft the Peruvian flag in one fist and clutched an oil derrick in the other. The design -and the holiday - had been purposely chosen for the date that the U.S. was scheduled to cut off assistance to Peru as punishment for expropriation of the U.S. owned International Petroleum Co. Just two days before the deadline, President Nixon decided that an IPC appeal pending before...
...signs in favor of its own brand name Petroperu. Nor does the Nixon Administration quibble with the reimbursement-at $71 million-that Peru is willing to pay. But the U.S. firmly opposes the blue-sky figure of $690 million that Velasco insists is owed Peru for 44 years of oil theft, and against which he is determined to apply whatever reimbursement IPC is finally allowed. Says Lawyer John N. Irwin, who has been representing the U.S. in negotiations on the impasse: "The declaration of such debts after the expropriation of the properties in effect means that there will...
Died. Theron Lamar Caudle, 64, ill-famed head of the Justice Department's tax division during the Truman Administration; of a heart attack; in Wadesboro, N.C. In 1956, Caudle was sentenced to two years in prison (he served six months) for accepting an oil royalty in return for attempting to quash prosecution in a tax-evasion case. Congressional hearings also turned up many other instances of influence peddling, and questionable gifts...
West Germany is Israel's third best trading partner, after the U.S. and Britain. Imports from West Germany nearly doubled last year, to $115 million. The bulk consisted of machinery and steel, including supplies for the trans-Negev oil pipeline built to bypass the Suez canal. Consumer goods, notably more than $10 million worth of autos, took up a good share of the total. Though many Israelis still flatly refuse even to ride in a Volkswagen-and more than just a few North American Jews will not consider buying VWs-German autos outsold those of all other nations...