Word: oiling
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Dates: during 1950-1959
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...Soviet bloc has sent Nasser oil, wheat, and old military hardware. But the Communists have been unwilling or unable to supply many of the items his Western-oriented economy needs, notably spare parts and lubricating oils. What they have sent has often proved inferior, e.g., low-quality newsprint that tears in Cairo's high-speed Western presses. Cracked a Cairo editor: "Pravda must go to press at 6 o'clock at night." The domestic economy twitches along in austerity and torpor, with tea and sugar scarcely obtainable except at black-market prices, and the regime invoking military...
...third time in three years) to present Bing Crosby, Frank Sinatra, Rosemary Clooney, Louis Armstrong in a $400,000 production choreographed by Eugene Loring-whose dances gave last week's Crescendo, a big CBS variety show, some of its infrequent high moments. ¶ Standard Oil's (NJ.) $600,000 75th Anniversary Show, to be staged in color over NBC (9 to 10:30 p.m., E.D.T.) by Theaterman Cyril Ritchard, stars Tyrone Power, Jimmy Durante, Bert Lahr, Donald O'Connor, Jane Powell, Marge and Gower Champion, Brandon de Wilde, Duke Ellington, Eddie Mayehoff, Kay Thompson, Columnist Art Buchwald...
BIGGEST INDUSTRIAL development in history of Iran will remake country's oil-rich southwest at cost of $91 million, drawn mostly from oil royalties. Government has hired U.S. Development & Resources Corp., headed by former TVA Chairmen David E. Lilienthal and Gordon R. Clapp, to build a 460-ft.-high dam for power, flood control and irrigation, along with a complex of industrial plants and pipelines...
Skipper Ludwig, a long, lean, lone-wolf operator who speaks softly and seldom, sailed to his riches through heavy seas. Born in South Haven, Mich., he started as a marine engine mechanic in his teens. At 27 he bought a small surplus oil tanker for use in the East Coast trade. When it blew up accidentally in 1926, Ludwig was nearly killed, his small company almost wrecked. But Ludwig recovered, raised credit to buy three more tankers, expanded his fleet further by chartering his tankers to oil and steel companies, borrowing against the charter to build or buy more tankers...
...yacht, the Danginn, on which he has entertained celebrities ranging from Clark Gable to Saudi Arabia's King Ibn Saud. Aside from the yacht, Ludwig's only hobby is making money. To that end, he once ordered his designers to work out a way to carry oil in tankers' big hollow masts. When this proved impractical, Ludwig simply ordered his ships built from then on with no masts at all-just pipes to carry navigation lights...