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...thought that gives Western statesmen worry is what would happen if Syria were to cut not only her Iraqi pipelines but also the Tapline route from Saudi Arabia (see map); these pipelines carry one-third of the Middle East's oil output. If Egypt chose to close the Suez at the same time, the West would really...

Author: /time Magazine | Title: THE MIDDLE EAST: To the Edge | 9/2/1957 | See Source »

Rather than "hang around for the bitter end," Sandhurst-bred Major Powell, 49, quit after 28 years in the army. He went to work for a Suez Canal contractor, had been jobless since the British invasion when he wrote a letter to Box F-1794 the Times, in answer to a classified ad for an advertising salesman. Wrote Powell: "I can ride a show jumper or fight a duel. I can swim a river, kick a cad where it hurts-or play chess with a debutante. I once shot a bandit in Sumatra. I could do anything from baby sitting...

Author: /time Magazine | Title: The Press: Man in a Million | 8/26/1957 | See Source »

SHIPPING BUSINESS is sinking close to lowest ebb since World War II, and transocean charter rates are down about 50% from peak of Suez crisis. Should recession continue, it will run older, smaller ships off main sea routes. Some ships are already being laid up, but most operators hope to ride out temporary storm, are still placing orders for new ships...

Author: /time Magazine | Title: Time Clock, Aug. 26, 1957 | 8/26/1957 | See Source »

...hunch is right. Communist Russia has been operating its foreign policy by localized five-year plans-1945-50 for Europe, 1950-55 for Asia, 1955 on for the Middle East. Nasser let his new Soviet equipment be chewed up too quickly, and the Eisenhower Doctrine, which followed the Suez invasion, was a definite check to Soviet Middle East ambitions. Nonetheless the Russians were on the go again last week in the Middle East. Items...

Author: /time Magazine | Title: MIDDLE EAST: On the Go Again | 8/19/1957 | See Source »

Domestically, the phony cost-of-living index, artfully manipulated to conceal the inflationary upcreep, has finally burst through its ceiling, setting off an automatic 5.5% minimum wage rise for 800,000 employees. With every allowance for crop failures, the cost of Suez and the price of Algeria's billion-franc-a-day war, said Gaillard, France's "fundamental" trouble is that "for several years our internal consumption has been rising more rapidly than our production...

Author: /time Magazine | Title: FRANCE: Austerity in August | 8/12/1957 | See Source »

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