Word: suez
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...success for that initiative did not appear high last week. No sooner had Rogers returned from his swing through the Middle East than Jordan's King Hussein disinterred an old Arab vow "not to give up one inch of Arab land." Sadat, on a visit to the Suez front early in the week, placated army officers by telling them that the chances of peace were no more than 1 in 100. Some Israelis were likening Rogers' visit to a 1940s popular song: "Big noise blew in from Winnetka/ Big noise blew right out again...
...public posturing and cynicism on both sides masked a subsurface momentum, however gradual, toward an interim agreement on opening the Suez Canal. "There is still life in this possibility," Israeli Foreign Minister Abba Eban told the Knesset, "even if agreement is not certain." As one high U.S. official put it: "The mirror image on both sides is a desire to move with deliberation in order to avoid the misunderstandings that have marred such efforts in the past...
Egypt's Suez Canal Authority intends to deepen the canal to 40 ft. within a year after it is reopened. The authority also has ready a plan for enlarging the canal to accommodate larger ships. Estimated cost: up to $600 million. Against that could be placed the increased revenue from tolls. Even in 1966, the last full year of operation, revenues totaled $220 million. A deeper, wider canal could eventually bring Cairo as much as $1 billion a year. Even so, it would require a solid peace agreement between Arabs and Israelis to make the investment worthwhile...
Ship me somewheres east of Suez, where the best is like the worst, Where there aren't no Ten Commandments an' a man can raise a thirst. -Rudyard Kipling, Mandalay
Britain's withdrawal from the Far East represents a reluctant political retreat for the Tory government of Prime Minister Edward Heath. He promised to re-study, if not reverse, the pullout east of Suez that was pledged by Labor's Harold Wilson in 1968. But the harsh imperatives of economics have forced Heath to adopt Wilson's policy-with one important change. A loosely knit, five-power "consultative defense arrangement" with Malaysia, Singapore, Australia and New Zealand is scheduled to come into effect...