Word: petroleum
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Dates: during 1960-1969
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...from every corner of the Arab world, ranging from Syria's tough Abdul Hamid Serraj, who originally failed Nasser in Damascus, to obscure Tunisians, Yemenis, Saudis, Jordanians and refugees from the British-backed sheikdoms of the Persian Gulf. Many of them live well on Egyptian subsidies. Former Saudi Petroleum Minister...
Tackling the mess headon, Dantas, Goulart and Economic Planner Celso Furtado (architect of the ambitious development plan for Brazil's blighted northeast elbow) ended costly subsidies on imports of wheat and petroleum, even though high-test gasoline prices immediately doubled. They raised the fare on Rio commuter trains from 3 mills to 1½?. They limited bank credit, froze steel prices at the government-owned Volta Redonda plant, and persuaded auto, truck and clothing manufacturers to hold the price line. Goulart, who rose to power as labor's pal, even promised a group of industrialists that he would...
...trip became ruffles and flourishes. He pushed on to New York for a two-day stay, had lunch at the U.N. with Secretary-General U Thant, journeyed up the Hudson to see New York Governor Nelson Rockefeller, whose wide interests in Venezuela run from the Creole Petroleum Corp. to cattle ranching and supermarkets. At week's end Betancourt flew to Miami, paused for breakfast with A.F.L.-C.I.O. President George Meany, then boarded a Venezuelan jetliner bound for more state visiting in Mexico. Then he will go on to the Dominican Republic, where Juan Bosch, an old friend and fellow...
...sent a helicopter north to pick up two delegates of the Kurdish rebels in the hope that he might negotiate an end to the bloody civil war that has tied up half the 75,000-man Iraqi army; he even made friendly overtures to the U.S.-British controlled Iraq Petroleum Co., which Kassem had alienated...
...ability to steer a middle course through the troubled waters of oil disputes has landed him as consultant in such hot spots as Suez and Iran. In 1959, he met privately with India's Prime Minister Nehru, tried to prevent him from being too ambitious in exploring for petroleum with Indian money. Said Levy: "For every oil well you drill. 1,000 Indians will have to go without an education. Your resources are inadequate to do everything you want. So let foreign interests do the drilling.'' Levy's advice helped to temper Indian policy...