Word: turkeys
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Dates: during 1950-1959
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...Very little general benefit," concludes Hedley V. Cooke, a veteran of the U.S. consular service in Turkey and Palestine, writing in the current Middle Eastern A/fairs. "Large foreign investments have not yet stimulated any cooperative economic planning for the good of the entire region...
...TURKEY got about 45% of all foreign governmental aid to the Middle East. Result: "The economic strength to put up a long-sustained stand against Communism . . . Economic development is now keeping well ahead of population growth. The democratic form of government seems to be well established. Military strength has increased greatly...
What have the foreign investors, chiefly the U.S. (66% of the total) and Great Britain, reaped in return? "Immense oil resources for strategic purposes," says Cooke, and "the firm establishment of Turkey as a strong and friendly vanguard of defense against Communism." Also, "Israel's support of the West, [which] is dependable, no matter whether or not that state is admitted into the Western alliance system." Gains "in Saudi Arabia have been considerable. Apart from the oil . . . they include an American air base at Dhahran...
President Juan Manuel Galvez, onetime United Fruit lawyer, does not want to lose the labor vote for his candidate in next October's presidential election. Last week, therefore, he privately asked United Fruit to negotiate even before the strikers go back to work, and to start talking turkey on higher wages, paid vacations, double overtime pay. The company agreed. "Viva Gálvez!" cried the strikers...
...Henry S. Wingate, 48, moved up to president of International Nickel Co. of Canada, Ltd. and its U.S. subsidiary, the International Nickel Co., Inc. Wingate was born in Turkey (the son of missionaries), traveled in Europe, and studied law at the University of Michigan. He joined Manhattan's famed Sullivan & Cromwell in 1929, and was assigned to the Inco account in 1930. Five years later Inco hired Wingate, elected him a director in 1942 and a vice president in 1949. He succeeds Dr. Paul D. Merica, who is retiring...