Word: suez
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...Hermon in southern Lebanon, the jump-off point for 21 attacks against Israeli farms and outposts in the past month. A third retaliatory raid silenced Jordanian heavy artillery near the Dead Sea, and a fourth hit Egyptian guns that had blasted Israeli troops on a beach south of Port Suez, killing one and wounding...
...helped by the U.S. Government, which, aiming to revive Greece's merchant marine after World War II, sold them 100 Liberty ships on easy credit terms. Many of the ships were delivered just before the Korean War sent freight rates soaring. Later, in the wake of the 1956 Suez crisis, the Greeks were among the first to order supertankers, which cut costs on the long trip around the Cape. The investment has paid handsomely, and the shipowners have also benefited from the general expansion in world trade...
Increased Arab aggressiveness is ev ident along the Suez Canal, where Is rael last month called in its air force to silence Egyptian artillery. Last week Egypt took the initiative in the air. A flight of 30 fighter-bombers, escorted by MIG interceptors, attacked Israeli positions in occupied Sinai, killing one soldier and wounding six. The raid lasted only four minutes, giving Israeli jets no time to scramble to the challenge. Next day the Israeli air force plastered Egyptian positions along the canal for 45 minutes; for good measure, Israeli planes also raided Jordan...
Along the Suez, the observers provide the Egyptians with a face-saving excuse for not attempting to storm across the canal and make good on their threats to drive the Israelis from occupied Sinai. The Israelis also want the observers to stay, since their departure would symbolize chaos in the Middle East to the rest of the world and intensify pressures for big power intervention to force a settlement. As the third front opened up, there seemed more reason than ever for the observers to remain. The U.N. and every one else were only too well aware that the last...
...fastest growing and now the second largest in the non-Communist world, is felt in every corner of the earth. In Europe, businessmen simultaneously worry about competition from Japanese goods and depend on Japanese-built supertankers to move Mideast oil to them despite the 26-month closing of the Suez Canal. In tiny mountain towns of Western Canada, long-unemployed miners are going back to work to dig the coal needed to fill a new $600 million order from Japanese steel mills. Ideologically impartial, Japanese industrialists trade with Peking and Taiwan, cut timber in Siberia and make...