Word: primed
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Dates: during 1950-1959
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...actually has will largely depend upon the regal host of last week's durbar, the aristocratic Premier of the Northern Region, Alhaji Sir Ahmadu Bello, the Sardauna of Sokoto. Since Nigeria is the most populous (35 million) of Britain's African territories, whoever becomes its first federal Prime Minister after independence is potentially the most important politician in Africa. And no one will have more to say about who that man will be than the Sardauna of Sokoto...
...almost total illiteracy. But he has never been particularly keen on upsetting too many traditions. "Some here say," explains the Sardauna, "that the chiefs must be set aside. But the great majority are not of that school." The Sardauna seems to have no desire to become federal Prime Minister himself, would apparently prefer to become a Sultan like his great-grandfather. He has already haughtily declared that he would leave the less lofty job of Nigeria's Prime Minister "to one of my lieutenants...
Fidel Castro's revolution had never moved at higher speed. Grinding out decree after decree last week, the Prime Minister ordered some 500 prisoners turned over to civilian courts, promised to restore the right of habeas corpus within 90 days, reopened the University of Havana, confiscated the holdings of 117 firms (mostly construction companies that gave kickbacks to the dictatorship of Fulgencio Batista). This week, Castro transported the entire Cuban Cabinet into the Sierra Maestra country, where his revolution began, and promulgated his pet law-land reform. He brought along $1,000,000 to make the first farm loans...
...Simpson was chosen for his new post by fellow dons and canons, approved by Queen Elizabeth and Prime Minister Macmillan. He is not the first American to head a top English college; Manhattan-born Dr. Arthur L. Goodhart became master of Oxford's University College...
...week's end the rates went up. Major New York banks hiked their prime interest from 4% to 41%, equal to the prerecession level. The boost reflected heavier demands for bank loans by both business and consumers, also brought loan rates into line with yields on bonds. Most bankers now expect that the Federal Reserve will raise the discount rate from its current 3%. As interest rates climb, they will drive down farther a market already at a historic...