Word: iraqization
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...Iraq...
...planning to travel abroad this summer, you may be interested to know that your copy of TIME will cost seven escudos in Portugal, ten piastres in Egypt, 100 fils in Iraq. Business Manager David Ryus has been telling me some fascinating facts about how these currencies and others like kurus, dinars and pyas fit into the day-today operations of TIME'S International Editions. "We have a market for our magazine in 180 different countries," Ryus explained. "We sell TIME for kroner, drachmai, rials-about 120 currencies all told. Two of the newest mediums of exchange are the rupiah...
...IRAQ is spending 70% of its oil royalties on long-term development, but"no spectacular results can be expected for at least several years," and in the meantime, public impatience may lead to oil nationalization...
Last week, for the betterment of his fellow men and to keep an eye on his projects abroad, Builder Morrison took off on a five-week, world-girdling trip. His itinerary: Casablanca, to look over work on the North African air bases; Iraq, to bid on a dam project; Italy, to check on a tunnel through the Italian Alps. Many of Morrison's other jobs are in primitive, undeveloped countries, where MK's giant power shovels and 18-ton bulldozers are as much a source of wonder as the iron horse was to the Indians a century...
...last week, without trumpet call or handout, the plan was under way. Leaders of Iraq, Saudi Arabia and Turkey are preparing to visit Pakistan. Shortly, the U.S. is expected to approve the first arms shipments to Pakistan...