Word: mideast
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...hard decision to go to the aid of Lebanon came short hours after the nationalist coup in Iraq threatened to set the whole Mideast in flame. In its historic answer to the faraway fire alarm...
...Israel the public's first reaction to the Iraqi coup-"When do we march?"-gave way to relief after the Lebanon landing. Austria, which got its independence by promising to be neutral, protested the flight of Mideast-bound troops over its territory...
Despite the general enthusiasm, many shrewd traders are skeptical of the current market level, feel the market is due for a retrenchment. The experts argue that prices are already so high that they discount both a business upturn and any acceleration the Mideast crisis might bring. "Korea brought a quick dip and then a quick recovery," said Ralph A. Rotnem, partner of Harris, Upham & Co. "But today the market is more vulnerable; people are paying twice as much for earnings now as in 1950." Bears point out that the Dow-Jones industrials in mid-1950 sold at eight times earnings...
...past vacations, President Eisenhower has always kept in close telephone touch with Secretary of State John Foster Dulles. This time he did not talk to Dulles, despite the revolution in Indonesia, the realignment of Arab powers in, the Mideast and the critical problem of U.S.-British mediation between France and Tunisia (see FOREIGN NEWS). On past vacations, Cabinet members have shuttled to and from Washington to see Ike. This time none visited the vacation point...
...reputation as a top production man, became general manager of Standard's production in 1951, vice president in charge of production in 1954. Prior and Swearingen have worked together to realign and consolidate Standard subsidiaries, have pushed Standard back into foreign exploration for oil (South America, Canada, Mideast). Swearingen's promotion . puts him in line of succession to take over the top job within a few years...