Word: suez
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...Israeli alarums since Israel became a state 19 years ago that even the antagonists often find it difficult to take one another seriously. They huff and they puff, they bluster and threaten, they move troops around like toy soldiers, but-with the single tragic exception of the war over Suez in 1956 -their bravado has rarely amounted to more than local skirmishes. Last week the area once more seemed on the brink of disaster-and this time the huffing and puffing was more serious. In the closest that Israel and the Arab countries have come to all-out war since...
...combat alert. Egypt called up its 100,000-man reserves, drafted half a million students into a civil defense corps and warned all doctors, hospitals and pharmacies to be ready for emergency duties. Israeli cities were strangely empty, just as they had been on the eve of the Suez campaign: most able-bodied men had been called to their reserve units and were manning guns and tanks on the country's borders...
...been preparing a diplomatic confrontation with the U.S., which fits that bill nicely. He put his plan into action when the Egyptian economy, which had been nearly bankrupted by his foreign adventures, was unexpectedly given a boost by the discovery of considerable oil deposits in the Gulf of Suez and in the western desert. They will bring Nasser $90 million this year and some $150 million a year by 1970. Ironically, the oil was discovered by U.S. oil companies and will be recovered by them...
...hefty 50%, to about $42 million. Also, it paid retroactive fees back to Jan. 1, 1966, of $14 million. l.P.C. lost its bid to cut the featherbedded work force down to 1,000 from 3,400 (hired to repair the pipeline blown up by Syria during the Suez crisis...
...rancor from past struggles, however, neither side is anxious for a real crunching showdown. While Nasser may have succeeded in running Suez without the British, Mobutu knows that keeping Union Minière's complex operations going himself would be almost impossible. He has appealed to young Belgian technicians "of good will" to stay on the job, and the company is asking its managers to cooperate for the time being in running the mines. If nothing else, Union Minière is anxious not to drive Mobutu into nationalizing other extensive enterprises in the Congo owned by its parent...