Word: shrewdness
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Dates: during 1950-1959
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...consider ourselves part of the United Arab Republic." The Baghdad radio announced that 111 prisoners (39 of them army officers) would shortly be tried by military courts for past crimes against the state. At the U.N., the new Iraqi delegate, Hashim Jawad, took his line from Egypt's shrewd Delegate Omar Loutfi by calling U.S. troops in Lebanon a "threat to international peace'' and a violation of the U.N. charter. Iraq's new Premier, Brigadier General Abdul Karim Kassem, had not talked that way to President Eisenhower's special envoy Robert Murphy the week before...
...Lodge extra prestige and a voice in the policymaking, Ike made him a "personal member" of his Cabinet (Lodge's predecessor, Vermont's ex-Senator Warren Austin, had no Cabinet status). As a favor to Lodge, Ike let him name the deputy U.N. delegate. Lodge unhesitatingly picked shrewd, amiable James J. Wadsworth, then acting Civil Defense administrator. A boyhood friend of Cabot Lodge, Wadsworth, 53, is still his deputy, has proved to be a first-rate U.N. diplomat...
...Shrewd, poker-faced Arkady Sobolev of the Soviet Union blustered that the whole U.S. position was "insolvent" on the face of it. The troop landings, he pointed out, had come not as the result of anything that happened inside Lebanon, but were triggered by the coup in Iraq. The U.S. action, therefore, was a "gross intervention into the domestic affairs of the states in this area." Sobolev demanded the immediate withdrawal of the marines...
...Party Leader Hugh Gaitskell rejected the demands of leftist Laborites for a Commons vote on the issue of British support. Two days later, when Conservative Prime Minister Harold Macmillan announced the dispatch of British paratroopers to Jordan, Labor again demanded a vote, and left itself wide open for a shrewd riposte by Macmillan: "If it is not right to vote against America, why is it right to vote against Britain?" The censure of British intervention was defeated...
Despite the general enthusiasm, many shrewd traders are skeptical of the current market level, feel the market is due for a retrenchment. The experts argue that prices are already so high that they discount both a business upturn and any acceleration the Mideast crisis might bring. "Korea brought a quick dip and then a quick recovery," said Ralph A. Rotnem, partner of Harris, Upham & Co. "But today the market is more vulnerable; people are paying twice as much for earnings now as in 1950." Bears point out that the Dow-Jones industrials in mid-1950 sold at eight times earnings...