Word: madrid
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...Gunpoint. Tshombe's kidnaping was a bizarre episode. He had flown from Madrid, where he lives in exile, to Palma on the island of Majorca for a few days' rest, accompanied by two security agents assigned by the Franco government to protect him. Next day a sleek executive Hawker Siddeley 125 touched down in Palma on a flight from Geneva. On board were four passengers, including two whom Tshombe already knew. One was a Frenchman named Francis Bodenan, whom he had become acquainted with a few weeks earlier, the other a Belgian named Marcel Hambursin. The remaining passengers...
...Arab-Jewish crisis. A U.S. newspaperman from Harrisburg, Pa., he went to the Holy Land on his honeymoon in 1947, stayed on to cover the war of independence, and has been there ever since. When the current clash developed, he was joined by Rome Bureau Chief Israel Shenker and Madrid Bureau Chief Peter Forbath...
...pint mugs, Watney-Mann beer and all-overseas. Düsseldorfs Victoria was opened last week in a sort of tip-for-tap deal with local owners (Watney's supplies advice on "authentic" details, the pubs buy Watney-Mann's beer); more of them are planned for Madrid, Florence and other cities...
I.M.C. is a small outfit ($299 million net sales in 1966) compared to some of its competitors in Madrid, but it offered the most experienced fertilizer-producing and marketing network that was available. The firm has mined phosphates in Florida since the early 1900s, is a partner in a phosphate mine in Senegal, West Africa, has a large share of a $70 million Indian phosphate-fertilizer plant scheduled to begin production this summer. And, I.M.C. pointedly is building the world's largest phosphoric-acid plant in Antwerp. Combined with the company's other processing plants around the world...
World Stake. "There are practical, economic and political problems to be resolved," says I.M.C. President Nelson C. White. But no such problems are likely to block the vast effort. Though a European partner has yet to be found, Madrid and I.M.C. are not worried about raising the $160 million needed as an initial investment. The long-term investment to bring production up from 3,000,000 tons of phosphate in 1970 to 10 to 12 million tons by 1976 could go as high as half a billion dollars. By that time the Sahara phosphate venture should be a going operation...