Word: royale
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Dates: during 1950-1959
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...hours last week, after pro-Nasser Iraqi rebels stormed into the royal palace in Baghdad, peace in the Middle East hung on uncertainties. Armies were on the march, air forces on the wing, navies on patrol. Banner lines and bulletins, the grim spectacle of gun-toting soldiers and scurrying foreign ministers that flashed across the TV screens all agitated the world's nerves in the most disturbing crisis since Suez 21 months...
...Known as a leading anti-British cadet at Cairo's Royal Military Academy, Nasser graduated as a second lieutenant and was sent to command a platoon at a post up the Nile. It was the year of Munich, the year of Arab-Jewish rioting in Palestine, of U.S. company oil discoveries in Saudi Arabia...
...rebels caught Premier Nuri asSaid, accompanied by two women, and himself veiled and disguised as a woman. The old man, veteran of dozens of battles and revolutionary skirmishes, fired on an Iraqi air force sergeant who seemed to recognize him. Then, according to the former chef of the royal household, who escaped to Ankara with the story, Nuri was stripped of his disguise, impaled alive, and left on public view in the rotting sunlight...
...pride and those who lowered their eyes in shame. Many who thought Anthony Eden's war on Nasser a senseless, immoral act regarded last week's moves, even if dangerous, as legal and justified. At week's end the British also landed a 400-man Royal Marine commando at Tobruk, Libya, near Egypt's western border...
Offense & Defense. The major international oil companies did not recover. No one really expected them to. Royal Dutch dropped from 45⅞ to 42; Texas Co. from 71⅝ to 68; Gulf from 118 to 109⅛. Domestic oils, which could benefit from greatly increased production at home in another situation like Suez (see below), staged a smart rally. Atlantic Refining rose from 38 to 40¾; Shell from 76 to 80⅝; Amerada from 104 to 109¼. Like the home-grown oils, many other industries slowed by the recession picked up market strength as investors gambled...