Word: panama
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Dates: during 1960-1969
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...canceled Thomas E. Dewey's contract as a legal consultant to JETRO (Japan External Trade Agency). Hired in August 1959, the two-time Republican presidential candidate, who now practices law in New York, helped the Japanese land a $3.8 million contract to supply ship-towing locomotives to the Panama Canal Co., worked hard to counter efforts to restrict imports of cheap transistors to U.S. markets. But after a 1960 Japanese trade fair in Moscow fizzled and wound up $314,000 in the red, the Diet lost some of its enthusiasm for JETRO, decided to cut costs by taking Dewey...
Chiari also wanted, but did not get, an increase in the $1,930,000-a-year fee the U.S. pays for the Canal Zone. The U.S. maintains that while it may be paying a low annuity, Panama benefits in other ways. Canal Zone employees and various U.S. agencies spent well over $70 million in Panama last year, $10 million more than Panama's national budget. The figure will probably rise this year. Under Panamanian pressure, Canal Zone commissaries, which have supplied most foodstuffs needed by local residents, may soon cut back...
...Second Canal. During his talks with Kennedy, Chiari repeated his theme that "Panama will always insist it has sovereignty over all of our territory, and this is something we shall never surrender." But as an accomplished bargainer who knows more or less what to expect before he sits down, he was prepared...
answer: though Panama owns the land, the U.S. must retain effective control...
Returning home after a visit to New York where he was welcomed in a blizzard of ticker tape ("What a wonderful, remarkable thing"), Chiari could report good news on a project that would mean much more to Panama than any haggling over current fees and tolls. When the present canal reaches its capacity sometime between 1980 and the year 2000, the U.S. intends to build another one, and it will probably be in Panama. Of all possible new routes (see map), the two most favored are in eastern Panama above the Colombian border. The U.S. Atomic Energy Commission, which...