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...strip and from the Egyptian forts commanding the entrance to the Gulf of Aqaba. The Israelis said they would withdraw their troops if the U.N. would guarantee that Egypt would not use Gaza for a raiding base again and the forts as a strongpoint for blockading Israel's access to its port of Elath. The U.S. said that it was all a matter...

Author: /time Magazine | Title: MIDDLE EAST: For an Early Closing | 2/4/1957 | See Source »

...never been Egyptian soil since the days of Rameses the Great, 3,500 years before. The Israelis also demanded guaranties of free navigation through the Red Sea's Gulf of Aqaba before withdrawing from Sharm el Sheikh and Tiran, the strongholds from which Nasser had blocked their access to the gulf and the port of Elath...

Author: /time Magazine | Title: ISRAEL: Victor Without Spoils | 1/28/1957 | See Source »

...Nasser's overpowering propaganda could not camouflage some of the facts: the Israelis were still occupying part of Sinai and all of Gaza, and refusing to pull out of their positions at the mouth of the Gulf of Aqaba until the Egyptians guaranteed them free access to the Red Sea. The new U.S. Middle East policy, with its implied threat to isolate Nasser if he refuses to play the game with the Western side, was a blow to Egyptian hopes that President Eisenhower had turned irrevocably against the British, French and Israelis...

Author: /time Magazine | Title: EGYPT: Under Pressure | 1/21/1957 | See Source »

CORPORATIONS Catini to the U.S At a private luncheon in Milan with a group of Italian industrialists, New York Stock Exchange President Keith Funston extolled the advantages of listing their stocks on the Big Board, where they would have free access to the world's biggest financial market. One of the intent listeners was blue-eyed, blueblood Count Carlo Faina, 62, president of Italy's giant Montecatini Co. Last week the exchange made an announcement: about Feb. 15, provided SEC agrees, the New York Stock Exchange will list 20 million shares of Catini, as it is known...

Author: /time Magazine | Title: CORPORATIONS: Catini to the U.S. | 1/21/1957 | See Source »

...John L. Lewis has generally decried, as the Devil's work, employers' injunctions to stop picketing. Picket Patriarch Lewis, however, had a familiar hot potato tossed into his own hands last week. At several Atlantic coast ports, in a jurisdictional row, pickets from A.F.L.-C.I.O. unions challenged access to some half-dozen Liberty ships owned by American Coal Shipping, Inc. A part owner of A.C.S.: United Mine Workers. At week's end the pickets in Charleston, S.C. were gone, shooed away by court injunctions obtained while Employer Lewis sat by-unprotestingly, at the very least...

Author: /time Magazine | Title: People, Dec. 17, 1956 | 12/17/1956 | See Source »

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