Word: waterways
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Moreover, radicals could counter any American military action by mining the narrow Straits of Hormuz, through which practically all of the Persian Gulf oil flows to the West. While two or three burning oil tankers in the waterway would be a fiery spectacle for American television viewer, it would not be a pretty sight for Western policymakers. Although many American hearts would pound at the sight of our boys jumping off helicopters onto the Arabian sands, emotions don't light homes...
...largest source of funds is the money sent home by Egyptians working abroad; this will total $2 billion in 1979, up from just $200 million six years ago. Suez Canal revenues will bring in $600 million and could rise to $1 billion a year by 1982, after the waterway is widened to allow two-way traffic. Another burgeoning source is tourism, which will yield $700 million this year...
...contrast to his opposition to SALT II, Baker stunned the congressional Republicans last year by supporting ratification of the Panama Canal treaty, which gave the Panamanian government control of the waterway. Despite rumors he had unforgivably deserted the party line to save a Democratic president, Baker easily won re-election to a third term in the Senate...
...ceremony was a nostalgic but bitter occasion for the 3,500 American canal workers in the zone. The Zonians, as they are called, were witnessing the end of their cherished home away from home, a small piece of America transplanted to a well-tended tropical setting beside the beloved waterway. Anti-American propaganda held that the Zonians had reveled in colonial splendor amid the surrounding squalor of Panama. In truth, their homes were modest by U.S. standards and their incomes only adequate. Said one longtime Zonian, on his way for a last rum punch at the historic Spanish colonial-style...
...their families have flown back to the U.S. Those who are staying are apprehensive about the future. Panamanians, who already constitute about 75% of the zone's work force, are being trained to replace them. Until the Panamanians are ready, American technicians are needed to operate the waterway. And until 1990, an American will serve as the canal's chief administrator, with a Panamanian deputy; after that, the posts will be reversed. Says Deputy Administrator Fernando Manfredo: "We need to train Panamanians, but instead of being ready in 20 years, I feel we can be ready to take...