Word: regionalization
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Dates: during 1960-1969
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...exact amount of each grant depends on a complicated formula that allots NDEA money according to the number of students and institutions in a given geographical region. An important factor in determining the size of Harvard's grant, according to McDonald, will be whether the Massachusetts Institute of Technology applies for NDEA...
...days-of-empire tales of Southeast Asia by Somerset Maugham and Joseph Conrad pulse and perspire with descriptions of the region's searing heat and sapping humidity. Southeast Asia's weather hasn't changed-Bangkok's November temperature still averages 80°, and in Singapore the humidity stays at 84%-but it is being dealt with in a way that might have forced Maugham and Conrad to rewrite some torrid passages. Air conditioning has come to Southeast Asia in force, cooling public places and some homes, changing ways of life, and coining money for the entrepreneurs...
...Pierre Edde, whose growing Beirut Riyadh Bank is moving into a new ten-story building: "Beirut handles capital like the Suez Canal handles ships." Saud & Hussein. Because it is both the cosmopolitan gateway to the Middle East and an island of stability in a newly rich but eternally turbulent region, Beirut has become the prudent banker to nervous kings, African smugglers, such huge U.S. oil companies as Aramco, frightened capitalists from socialist Egypt and Iraq-and no fewer than 600 tycoons from booming little Kuwait. Well over half of Beirut's $800 million in deposits comes from abroad...
...Superhighway of the Sun," a four-lane expressway that avoids all cities and villages on its course, will move steadily southward and eventually connect with Sicily at the Strait of Messina, serving as a vital economic life line for the entire region. It is only the latest of Italy's ambitious efforts to help Il Mezzogiorno (which means midday) move, in one great leap, from a medieval society directly into the age of automation...
...drained marsh to become a bustling center of steel processing, pharmaceuticals and cinema studios. The discovery of methane gas reserves has brought three major petroleum companies to Ferrandina. At Sicily's port of Augusta, the Esso refinery has attracted so many other industries that Sicilians call the region "piccolo Milano"-little Milan...