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...last year's Suez crisis, the U.S., as rarely before in the history of nations, forsook the rule of power for the rule of law. At basic issue was Nasser's seizure of the Suez Canal, and U.S. Government lawyers were by no means sure that Britain and France had the stronger legal case. When Britain and France fell back on force, the U.S. supported Egypt against longstanding allies. "There can be no peace without law," said President Eisenhower. "And there could be no law if we were to invoke one code of international conduct for those...

Author: /time Magazine | Title: THE LAW: The Work of Justice | 5/5/1958 | See Source »

This week, 21 months after Gamal Abdel Nasser's seizure of the Universal Suez Canal Co., the issue of compensating its owners approached settlement by due process of law and due pressure of power politics. Nasser was feeling the hurt of having $280 million in Egyptian assets frozen in the U.S. and Britain. Under the good offices of the World Bank, whose President Eugene Black himself flew to Cairo at the sticking point last month to press compromise on his friend Nasser, representatives of the old Canal Co. and the Egyptian government got together on a "general" financial agreement...

Author: /time Magazine | Title: SUEZ: Paying for the Canal | 5/5/1958 | See Source »

...early settlement, let it be known that when it is reached, the U.S. plans to unfreeze $30 million in Egyptian assets blocked in the U.S. after Nasser grabbed the canal. The State Department insisted that the assets had been frozen only against the possibility that U.S. shippers, after paying Suez tolls to Egypt, might later learn that the tolls were legally owed to the old Suez...

Author: /time Magazine | Title: SUEZ: Paying for the Canal | 5/5/1958 | See Source »

...toward Fail Safe point not knowing whether their mission is for test or the real thing. And the U.S. has even put SAC alert crews into the air deliberately to reinforce U.S. diplomacy at precise pressure points, e.g., during Russia's threats of intervention in the 1956 Suez crisis, to show on Communist long-range radarscopes that the U.S. carries a thermonuclear stick big enough to last at least until the U.S.'s own big ballistic missiles are operational...

Author: /time Magazine | Title: National Affairs: The Safety Catch On the Deterrent | 4/28/1958 | See Source »

...clear, moonlit night, the 9,786-ton Norwegian motorship Skaubryn plowed through the long swells of the Indian Ocean, six days south of Suez, bound for Australia with 1,088 passengers-mostly German and Maltese emigrants-and a crew of 200. At 8:45 p.m. trouble broke out in the engine room. A disconnected fuel line spurted a torrent of oil ?. onto red-hot exhaust pipes. Within seconds, the engine room was a coiling mass of flames. The engine-room crew were driven out before they could even shut off the spurting...

Author: /time Magazine | Title: THE INDIAN OCEAN: Men & the Sea | 4/14/1958 | See Source »

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