Word: panamas
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Civilizing Law. Despite their bluster, says MacBride, most governments criticized by the commission are willing to discuss its complaints or to admit its investigating teams to probe alleged injustice. Sometimes, as in the case of last year's Panama riots, the commission does not even have to file a complaint. It is invited to make an impartial assessment, and it does. Called in by Panama, a three-man team, consisting of a Dutch law professor, a Swedish judge and a leading Indian lawyer, stunned its host by finding in favor of the U.S. (TIME, June...
...TIME, which usually remembers what the others forget, did not mention that we have long had a treaty with Nicaragua for a canal route across that country [Dec. 25]. There was considerable controversy about whether to build in Panama or Nicaragua, and Teddy Roosevelt, I think, settled it by acquiring both routes, holding Nicaragua in reserve for possible future use. Am I right...
Fortunately, none of the crises was of the magnitude of the Cuban missile confrontation, and Johnson did well enough. Though he got off to a hesitant start on Panama, he showed toughness as well as restraint by offering to resume talks while refusing to yield any principle. "They were killing people, and some thought we should write a new treaty right off," he has recalled. "But you can't just say, Til give you a blank check' when there's a pistol at your head. All you can say is that 'we'll do what...
Wherever the United States decides to locate its new sea-level canal in Central America, the local economy will be dramatically affected-upwards. Virtually 100% of Panama's revenues ($90 million last year) are generated by the present canal. The new canal will unquestionably float similar benefits. But happy though the U.S. might be to see all the Central American nations so well-fixed financially, the new canal can only go in one place, and last week it looked as if that place would again be Panama-barring unforeseen treaty complications and further anti-U.S. riots like those...
When steam forced Webb to close his yards, he became an investor. In 1889, with big profits from the Pacific Mail Steamship Co. and the Panama Railroad, he created Webb's Academy and Home for Shipbuilders-the first and still the only college in the U.S. devoted solely to naval architecture and marine engineering (though comparable courses are offered by M.I.T. and the University of Michigan). Webb's bequest of $2,500,000, now grown to $8,000,000, pays 70% of the school's operating expenses. Alumni and industry make up the rest, helping...