Word: reals
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Dates: during 1960-1960
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...Timorous Joseph Kasavubu sat in his presidential palace, sending out vague messages of endorsement for Mobutu but too frightened to get involved openly. Patrice Lumumba, nipping heavily at an always present bottle, also remained at home, awaiting the day when the confused maneuvering would let him emerge as the real boss again. If he did, it would probably not be long before he invited back all the Russian "technicians" that Mobutu had kicked out. Reportedly, most of them are waiting in Ghana and Guinea, ready to fly back on a moment's notice...
...delegates scheduled a second meeting for mid-December, when they hope to lay the foundations of a customs union, a joint investment bank, and perhaps a plan to save money by sharing ambassadors abroad. Though some talked hopefully of an eventual loose political commonwealth, no real union is in sight; the Ivory Coast, oil-rich Gabon and industrialized Senegal have no wish to share the burdens of their poorer brothers. But as the Premiers and Presidents congratulated each other last week in impeccable French, the strength of the common cultural tie was clear, and durable Premier Houphouet-Boigny emerged...
Despite Nikita Khrushchev's insistence that Communists no longer believe in real war, he has no scruples against a war of nerves. Last week East Germany was hard at work trying to throw a scare into West Germany by a series of calculated maneuvers and conspicuous leaks...
...seemed to increase the Cuban hysteria. Touring Russia. Carlos Franqui, editor of Castro's Revolución, begged Khrushchev to repeat his promise of Russian rockets to protect Cuba. Said Khrushchev noncommittally: "I want that declaration to be, in effect, symbolic." Insisted Franqui: "Are the rockets ready?" The real question was: Ready for what...
Perhaps closer to the real explanation of the market's queasy behavior is that it is traditionally wary of any change, is upset by the possibility of a switch in parties in the White House as the election draws closer. Wall Street's general feeling is that, with the pre-election uncertainties out of the way, the market will rally no matter which candidate wins. The market has apparently largely discounted a possible Kennedy victory, while a Nixon victory, with the odds now against him. would be a surprise that would mean a hefty market rise. Furthermore...