Word: turnabout
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...reason for the turnabout was plain. India is now desperate for foreign capital and sees in Graham a chance to show good will toward investors. On Graham's part, there had been nothing but good will and hard work since last summer. Fervently talking up his dream back in the U.S., Graham collected $250,000 from fascinated' investors ranging all the way from the Rockefellers' International Basic Economy Corp. ($25,000) to an oil worker who offered $5,000 in $100 monthly installments and formed Private Enterprises...
Said Treasury Secretary Robert B. Anderson in an unmistakable turnabout from his predecessor George Humphrey: "Maintaining a balanced budget is of great importance to our national welfare and so also is keeping our expenditures within reasonable and prudent limits. But we cannot adhere to absolute rigidity . . . And I want to make it quite clear that we at the Treasury are never going to take any positions which are inimical to the defense of our country...
AMERICA WILL CHANGE HER POLICY, said an eight-column head in Cairo's official newspaper Al Gumhuria. Other Egyptian papers burbled in delight over "indications" of a Washington turnabout. The U.S., it was reported, had resumed its Egyptian aid program, was again buying Egyptian cotton, had released $3,000,000 of Egypt's frozen funds, had agreed to a special shipment of Salk polio vaccine-was, in short, about to go all out for Nasser. "It's a great victory for Gamal," said a Cairo news vendor...
...guess of Italy's political pundits was that crafty Pietro Nenni, impressed by recent Red gains in local elections, was taking a calculated risk that an alliance with the Communists would strengthen his party's prospects in Italy's forthcoming general election. Whatever his motives, the turnabout planted what Nenni himself once called "a heavy tombstone" on the last lingering hope that Nenni would join the Social Democrats to give Italy a strong anti-Communist left...
...general, the turnabout made good sense, and it helped revive the President's prestige when it was sinking fast. There was still confusion on details and next steps, but it was the healthy kind of confusion that comes from bustling activity, and infinitely better than the everything's-all-right serenity that had for too long confused the nation and the free world...