Word: suez
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Dates: during 1960-1969
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When Egypt's President Gamal Abdel Nasser grabbed the Suez Canal 6½ years ago, his bitter enemies in Europe predicted that the big ditch would soon be filled with silt and that untrained Egyptian pilots would never be able to steer shipping through safely...
Former stockholders of the old Suez Canal Co. were firmly convinced in 1956 that they would never get a cent out of their nationalized investment. But with 1962 revenue at a whopping $149.5 million (45% above 1955), Nasser's canal officials have announced payment of the final $11.4 million installment on the $81.2 million compensation debt...
...Suez cruelly demonstrated to the world that it takes power to be a Power. But even then, Britons could not come to terms with the harsh reality of vanished might. Their feeling of shock today is all the greater because it has been so long delayed. As if by some malevolent design, a whole series of frustrations and failures has beset Britannia in a few short months, deepening the nation's angst. The abrupt U.S. cancellation of the Skybolt missile rudely exposed the fact that Britain's "independent" nuclear deterrent is in fact almost wholly dependent on Washington...
With its stupefying temperatures and bleak terrain, Britain's Aden Colony on the southwestern fringe of the Arabian Peninsula is one of the world's most unattractive pieces of real estate. But it has its value nonetheless. Between Suez and Singapore, it is the only suitable fueling and victualing station for the British navy, and 8,000 troops of Her Majesty's Middle East Command are stationed on its 75 square miles of overheated rock...
Gaitskell's final lecture called for United States co-operation in reaching a Suez settlement. The resignation of Prime Minister Anthony Eden interrupted Gaitskell's lecture series, but Gaitskell decided to remain in Cambridge and finish the speaking engagement