Word: vitale
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Dates: during 1950-1959
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...Fancied Grievances." In schoolmaster fashion, Dulles spelled out the ABCs of the situation. The Suez Canal was by far the world's busiest waterway. It was open by international agreement at all hours to all vessels, and was vital to the West. Nasser had recognized the international status of the waterway only a couple of years ago, but now Nasser had nationalized the Canal Company "for purely selfish purposes...
...forced on the Defense Department more money ($900 million) than it wanted for the Air Force. The two bills for which the 84th will be longest remembered: the $33 billion highway construction program, biggest public works project in U.S. history, and the dam project to bring vital power and water to the hungry, thirsty Upper Colorado River Basin...
...companies also operate the bulk of their international fleets under foreign flags, but cannot bring home the profits without paying U.S. corporation taxes. In 1939 the U.S. Government actually encouraged shipping companies to register their fleets in neutral Panama, thus kept vital supplies flowing to Britain without violating U.S. neutrality...
...Eisenhower of the U.S. underscored its meaning and offered a suggestion in the first major speech he has delivered since his June 8 ileitis attack. "Our Organization [of American States]," he said, "has already begun to apply the principle that the material welfare and progress of each member is vital to the well-being of every other. But we can, I think, do more . . . Each of us should name a special representative to join in preparing for us concrete recommendations for making our O.A.S. a more effective instrument in those fields of cooperative effort that affect the welfare...
...abroad, possibly from Iron Curtain nations, is worrying SEC Chairman J. Sinclair Armstrong. Large amounts of foreign funds are coming into U.S. from Swiss and Canadian banks, which keep sources secret (accounts are known only by number). Possibility that Iron Curtain investors might try to gain secret control of vital U.S. corporations, says Armstrong, "is a matter of great concern...