Word: suez
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...couldn't you Yanks have granted Britain and France this same concession in a somewhat similar situation at Suez...
...from Atlanta named Eugene Black. After Black took over the World Bank, he called on Woods to help organize private development corporations in India, Pakistan and the Philippines. Woods's biggest international coup came when he persuaded Egypt's Nasser to compensate the former shareholders of the Suez Canal...
...volcanic rock at the southwestern tip of the Arabian peninsula. Though hot as hell's hinges, Aden is a prosperous city of some 300,000; its port, one of the world's busiest, has virtually the only good harbor on the 3,400-mile sea haul from Suez to India. Aden is also headquarters for the 40,000 troops of Britain's Middle East Command who stand guard over the Persian Gulf. In the setting sun of empire, Britain has been shoved out of bases from Egypt to Iraq, and does not intend to have the same...
Joined by the Crown, the pound sterling (except for Canada), and the heritage of English as a second or even first language, the Commonwealth's commingling of custom, instinct and self-interest has somehow surmounted fierce disagreements over Suez and South Africa, Kashmir and the Congo, colonial policy and foreign relations, democracy and Communism-and, most significantly of all, Empire itself...
What causes the wars is the big surplus of refining capacity that major companies built after the Suez crisis. This, combined with the advent of gas-miserly compact cars and smooth-riding superhighways (that save on fuel), has created a glut. Production cannot be fully cut back, because gasoline is just one of the byproducts of the refinery process...