Word: pact
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Dates: during 1950-1959
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Once a Dictator. To everyone's surprise, Magsaysay freely admitted that he had indeed signed a secret pact. Disillusioned by the corruption around him while serving as Defense Minister in the Liberal government of President Elpidio Quirino, Magsaysay agreed to bolt the Liberal Party and accept the Nationalist Party nomination for President. But in his pact with the Nationalists' José Laurel and Recto and Senator Lorenzo Tañada of the Citizen's Party, Magsaysay had made no stipulation about one term, he said. In fact, he told TIME'S James Bell last week, "Laurel...
...been an exemplary display of enlightened management. In 1950, seeing the handwriting writ large across the Middle East by Britain's gathering troubles in Iran, Aramco increased the Saud share in the oil profits to 50%, the Middle East's first 50-50 contract, patterned on the pact made by Creole Petroleum with Venezuela. For its Saudi employees, Aramco has built schools, hospitals, recreation halls and swimming pools. To appease Saudi pride, it has replaced Americans with Saudis as fast as Saudis can be trained. Today its payroll includes 14,000 Saudis v. 3,000 Americans. To avoid...
...cancer to the human body." He has vowed Israel's destruction with a venom encouraged by Crown Prince Feisal, who took it as a personal insult when, as Saudi Arabia's U.N. delegate in 1947, he was outvoted in the Assembly. When Britain joined the Baghdad Pact, Saud promptly joined Nasser's bloc in opposition to the Western "imperialists," gave Syria a $10 million loan as an inducement to join too. The Saudi information director began regular swings through Lebanon, Syria and Jordan delivering funds to pro-Nasser newspapers and favored editors and reporters. During the riots...
...FARM-SURPLUS SALES are heading into trouble abroad. Japan, second
biggest foreign buyer of ovei
Just as mixed and mixed up was the first reaction of the outside world. The British and French governments publicly hailed the new plan. The Arab world was divided: the Baghdad Pact nations in favor and the extreme Nasser nationalists against. "We reject most categorically the theory of a vacuum," said Jordan's Foreign Minister Abdullah Rimawy...