Word: neutralization
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Dates: during 1960-1960
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Cover Story. Neutral intelligence experts, while admiring the daring of Pow ers' mission, cocked an eyebrow at what they considered poor U.S. intelligence planning. Obviously, the U.S. was using as a "cover" the story that the U-2 was en gaged in weather-reconnaissance work...
...world's highest peak, was greeted by paintings of Mount Everest prominently labeled "Nepal." Meanwhile, half a world away. King Mahendra earnestly told a joint session of Congress: "Our policy of nonalignment does not arise from our desire to sit on the fence . . . We shall certainly not be neutral when we are confronted with a choice between good and evil, or right and wrong...
...prestige in Southeast Asia, which had been severely damaged by the aggressive conduct of his Chinese ally. Except perhaps in Afghanistan, his crowds were thin, especially compared to President Eisenhower's-and worse, his audiences were not really with him this time. His efforts to stay neutral on the Chinese-Indian border dispute were not sufficient to win the affection of neutralist Indians, who on this issue ardently believe there can be no neutrality between right and wrong...
From 28 miles off the Saudi Arabia-Kuwait Neutral Zone in the Persian Gulf flashed word last week that the Japanese-owned Arabian Oil Co., Ltd. had brought in its first well. It came in the nick of time. The 6,000 barrels of oil that will rise daily from the ocean floor ended months of misfortune that had brought the company near bankruptcy. An eleven-day fire in its offshore platform had cost the cash-short firm $780,000. and stockholders had refused to ante up any more capital. Now, flushed with the glow of sudden prosperity...
...price was steep, but oil-poor Japan had no choice. Instead of the fifty-fifty profit split then prevalent, the Japanese agreed to take only 43% of the profits from Kuwait, 44% from Saudi Arabia. They also promised to build a refinery in Saudi Arabia or in the Neutral Zone, agreed to sell 10% of production to the two nations at a discount, make available another 10% for sale to friendly Arab nations...