Word: oiling
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Dates: during 1950-1959
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...elite schools to carry on the nation's business while governments rise and fall, Armand is the engineer whose imaginative direction has restored French railways to a place among Europe's best. As president of a prospecting commission, he sparked the French drive to develop Sahara oil. Appointed one of the "Three Wise Men" in 1955 to look into Western Europe's energy needs, he has led the campaign for European development of atomic power. Louis Armand arguing for Euratom, says Paris' L'Express, "is Saint Bernard preaching at Vezelay on Easter Sunday and leading...
SYRIA. The Soviet aid agreement signed by the Syrians with such fanfare last October ostensibly commits the U.S.S.R. to supply in credits and technical aid about one-third the estimated $600 million cost of 19 specific development projects (among them: oil exploration, port expansion, construction of a dam across the Euphrates). But the agreement also specifies that a separate accord must be negotiated on each project before actual work is begun. The result is that Russia is not legally bound to spend a single ruble on Syrian development. And, in fact, the agreement has not yet netted Syria a single...
...kept art historians from recognizing it as one of the world's masterworks, painted probably in Tournai at the moment when Western art was undergoing its metamorphosis into the style of the Renaissance. It is discussed with reverence in almost every Belgian art course. Done in oil and brushstroked with a miniaturist's love of detail, the altarpiece (see cut) heralds the trend toward realism and shows in a format only 25⅛-in. tall the donors (left), the Annunciation scene and St. Joseph in his workshop, with mousetrap on the windowsill (right). The artist painted window views...
Cowboys & Oil. Fox intends either to build up the whole area through its Fox Realty Corp. or to develop 25% of it and sell off the rest to another developer for a capital gain. The moviemaker, which has still to raise the cash for the project, has started to dicker with at least five "interested" insurance companies, and one is considering putting up $50 million. Fox's lot-half of which it bought from oldtime Film Cowboys Tom Mix and Buck Jones, who used it to stable their horses-is the largest piece of underdeveloped real estate...
...bankroll the Royal Nevada again, Richardson got $150,000 from Joe W. Brown, oil-rich Texan owner of the local Horseshoe Club, and the hotel started gambling. As 1958 rolled in, Manager Maurice Friedman happily said that cash flowing across the tables had reached $211,711.35. As for precise winnings, Friedman was Vegas-vague, but Bankroller Brown had his money back, and the creditors were satisfied enough not to foreclose...