Word: damming
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...case in point was the Aswan Dam, which would harness the Nile, provide the parched areas of Egypt with the largest man-made reservoir in the world (and, in fact, do as much for the Egyptian economy as all public works since 1900 have done for the U.S. economy). Highlights of the briefing...
...authority to promise Egypt that a share of foreign-aid budgets (probably $15 million to $20 million a year) can go to the Aswan project for the 10-to-15-year period of construction. Says the Administration's spokesman: "You can't build an eighth of a dam or half a dam and add to it later...
...green sheets," and their justifications on white "language sheets." Soon afterward, the Budget offices buzzed with final hearings, as the bureau's examiners delved deep into controversial items. For example, in considering the money request from the St. Lawrence Seaway Development Corp., Budgetmen asked to see maps of dam locations, asked why one dam was not located at a narrows. Answer: rock formations made construction more costly at the narrows than elsewhere...
...Horses once owned by the late sportsman. William Woodward Jr., continued to sell for astonishing prices. After buying 39 of the Belair Stud thoroughbreds for $410,000, Miss Mildred Woolwine and her partners resold the lot at Keeneland, Ky. for a 125% profit. With Segula, dam of Nashua, bringing a record auction price for a U.S. broodmare ($126,000), Kentucky Horsewoman Woolwine and her friends collected a total of $924,100. Nashua's sire, Nasrullah, also proved that he was worth a pretty penny. A syndicate headed by Kentucky's Thoroughbred Breeder A. B. ("Bull") Hancock paid...
...approach to foreign economic aid, requesting Congress to grant him "limited authority to make longer-term commitments." Likeliest outline of the new presidential idea: a ten-year program, ultimately totaling $1 billion, designed to provide about $100 million a year for specific foreign projects, e.g., Egypt's Aswan Dam, approved by U.S. diplomats and engineers...