Word: iraqization
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...Middle East have been unusually har monious in demanding "akthar, akthar" (more, more) from the Western oil consortiums. The loudest voice has come from Syria, which has no wells but makes do with the next-best thing: a 305-mile stretch of the pipeline through which the Iraq Petroleum Co. pumps oil from its Iraq field to the Syrian port of Baniyas on the Mediterranean. Last week, after weeks of futile negotiations on new rates, Damascus seized the pipeline "to achieve the full rights of the people...
Widespread Repercussions. At its semiannual meeting in Kuwait, the Boy cott Office of the 13-nation Arab League (Algeria, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Saudi Arabia, Sudan, Syria, the United Arab Republic and Yemen) voted for a ban by all Arab countries on doing business with all three companies. The action against Coca-Cola came in retaliation for the granting of an Israeli bottling franchise to Manhattan Banker Abraham Feinberg, who is also president of the Israel Development Corp., which promotes Bonds for Israel. RCA angered the Arabs by allowing phonograph records to be pressed in Israel. The move...
...society has ever solved the problem of waste-as archaeologists from Iraq to Denmark can testify, as they rummage through ziggurats and kitchen middens. The crucial thing is to keep alive a sense of freedom, possibility and enterprise-and in that sense the U.S. is the least-wasteful society in history. Essentially, nothing is wasted that helps fulfill a legitimate purpose. With their wild-wheeling economy, a phenomenon so extraordinary that they cannot quite believe it themselves, Americans can do anything they choose. All they have to do is make their choices...
...moneychanger in a dingy fourth-floor office, amassed enough capital in three years of flamboyant dealings to start Intra in 1951. To woo his share of the flood of investment money pouring into Lebanon from oil-rich Saudi princes and frightened capitalists from socialist Egypt, Syria and Iraq, Bedas became adept at handling skittish clients. Once he even hauled a suitcase of stocks from his vault to the mountain mansion of a suspicious sheik to assure him that his hoard was really intact and safe with Intra...
...Line-Up. In such a showdown, Nasser could count on Algeria, Syria, Iraq and Sallal's part of Yemen-all more or less socialist, Soviet-armed regimes. Feisal would have on his side Western-equipped Jordan, Bahrain, the tiny sheikdoms of the Persian Gulf, and perhaps Morocco, Tunisia and Kuwait. Non-Arab Iran, whose Shah despises Nasser, would probably aid Feisal enthusiastically. Anxious to remain neutral are Lebanon, Libya and the Sudan. But it may never come to a showdown. The meeting around a fire...