Word: saud
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Dates: during 1950-1959
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...months King Saud loafed, moody and myopic, about his vast palaces, in the wreckage of the prestige he had inherited from his mighty warrior father, the late Ibn Saud. Everything he touched had ended in political disaster: his extravagant giving and building exhausted the treasury and debased the currency, his clumsy plots against President Nasser exposed his regime to ridicule and isolation in the Arab world. The crowning blow had fallen when his younger brothers, led by the openly contemptuous Prince Talal, tongue-lashed him last year in private family council...
Only the intervention of Ibn Saud's second son, the able, hawk-nosed Crown Prince Feisal, 55, saved his throne. "He is our brother," said Feisal, as he himself took over in King Saud's name the direction of defense, finance and foreign affairs. He called off ill-judged Saudi forays into Arab politics, decreed a system of ministerial responsibility in the desert realm. Preparing the first real Saudi budget, Feisal pruned royal spending (not a single Cadillac was imported into Saudi Arabia in the first six months of this year), strengthened the riyal from 6.5 to less...
Going Through Money. But as the royal fortunes began to mend, King Saud, 57, began to go back to his spending ways and his authoritarian habits. The palace noted that Feisal's new budget made inadequate provision for paying off retainers (and creditors), began denouncing Feisal as a penny pincher. King Saud himself took off on a tour among the desert sheiks, paying out blood money (sums Arabs owe for hurting, killing or maiming one another), passing out bank notes in the grand manner. This brought him squarely into conflict with Crown Prince Feisal, who is trying to substitute...
...sales: $252.5 million), is selling room units 32% ahead of last year, and Fedders Corp., biggest seller of room units (fiscal 1958: $53.9 million), is running 10% ahead in shipments. In March alone, Westinghouse, which has air-conditioned everything from President Eisenhower's Gettysburg farmhouse to King Saud's Saudi Arabian harem, topped last year's shipment rate by 47%. Borg-Warner's York Division, which normally shuts its window-unit assembly lines by June 30., scheduled production well into July...
...quality has also gained from the shoddiness of some postwar U.S. products and from the fact that Russia's achievements in rocketry have created doubts about U.S. technological preeminence. German traders have also won an enviable reputation for fast delivery. Last summer when Saudi Arabia's King Saud decided he needed a three-truck caravan (sleeper with bath, dining car with throne, and a supply van), British and French firms told him he would have to wait six months. West Germany's Daimler-Benz, teaming up with a specialty body firm, did the job in seven weeks...