Word: oiling
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Dates: during 1950-1959
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Normally, a race for the Senate would be regarded with no more emotion than the news of another oil strike, but the vote-grabbing was more intense because Texas stands a chance in the April 2 election of sending a Republican to the Senate. And if that happens, the extra G.O.P. vote would relieve the Democrats of their 49-47 edge, split the parties 48-48, throw the decisive vote to Republican Senate President Richard Nixon-and strip of his title Texas' own Lyndon Baines Johnson, Senate majority leader...
...plea for support of his plan to block clearance of the Suez Canal as long as the Israelis failed to withdraw. "If you block the canal, you don't hurt the Israelis, but you do hurt your friends," said Saud, who has been losing 30% of his oil revenues because of the Suez blockage. In these arguments, Jordan's Hussein, a Hashemite and by old tradition a blood enemy of the Sauds. backed King Saud...
...machine can conceal the fact that Israel's army inflicted a brutal beating on Nasser's vaunted army. Countries like Saudi Arabia and Iraq, though they gave lip service to Nasser when he was attacked, have found his blockage of the canal has cost them dear in oil revenues. The Arab Kings have always resented Nasser's implied threat to reach over their heads to the street mobs in their own countries, have become increasingly aware that Nasser has exploited Arab nationalism primarily for Egypt. The new rulers of Tunisia, Morocco and Libya, the young King...
...foreign-exchange credits frozen by the West (including $50 million worth sequestered by the U.S., $420 million by Britain), Nasser has become increasingly dependent on the Russians in his desperate efforts to shore up the economy. The Communists have supplied him with shiploads of wheat, sold him tankersful of oil to replace the wells seized by Israel in Sinai. More and more Russians and satellite Communists are seen in Cairo nightclubs. Worse still, Nasser's own movement is infected with fellow travelers, though Nasser seems unaware...
Child Villages. Damage from Russia's ruthless suppression of the revolt is estimated at $500 million. Russia has offered Kadar a $50 million stopgap loan (in convertible currencies) and promised a new $200 million loan for food grains, oil and raw materials. The Petofi Club, where the revolution sparked, has been replaced by the Tancsics Club, whose meager membership is made up of old Stalinist hangers...