Word: suez
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...private foreign investments is the U.S. Government. When private capital abroad gets into local squabbles, the State Department is usually the first to "take it easy" or "do not strain relations at this time," etc. When the banana-republic dictator Nasser decided to nationalize someone else's Suez Canal, nations prepared for war in order to protect it, but we succeeded in helping to give it to the nationalizing thief...
...from a surprising source, from a man almost as respected by the Tory gentry as Salisbury himself-lantern-jawed Earl of Halifax, a staunch Conservative who very nearly became Prime Minister in 1940 instead of Winston Churchill.* Halifax thought that if the government had handled itself better before the Suez invasion, "we might have avoided the discredit of a course of action which we could not in fact carry through." Lord Salisbury, said Halifax, was a member of the government which launched the Suez invasion, "and if he was-as no doubt he was-a convinced believer in that action...
...Egyptian economy is intertwined with Britain's. London still holds $300 million of blocked Egyptian funds. Some time, when they get to speaking to each other again. Britain will claim that Egypt owes her more than $350 million in obligations incurred when an angry Nasser nationalized the Suez Canal Co. and "Egyptian-ized" foreign investments in Egypt, and Nasser can be expected to counter with a big bill for damages suffered in the British invasion. But until such sticky matters can be worked out, so big a maritime power as Britain could not afford to boycott the canal while...
...right to "self-defense." For more than a month a ship fully loaded has sat in Haifa harbor ready for the testing. For 48 hours last week there was an onrush of international tension. The U.S. announced publicly that it still supported Israel's legal position in Suez, but it has privately counseled Israel to move gradually and to establish a pattern of shipping Israeli goods in foreign bottoms through the canal before sending a ship with an Israeli flag. In the end, Israel said that "sooner or later" its ship would go through, and passions subsided...
...wacky little vaudeville routines, in which a stock Englishman and a stock Frenchman alternate the pratfalls. Major (ret.) William Marmaduke Thompson, C.S.I., D.S.O., O.B.E. (played by Jack Buchanan, the British George M. Cohan), is a cuff-shooting old harrumph who has left his best years East of Suez. Monsieur Taupin (played by Noel-Noel, a comedian who looks like a French edition of the late Robert Benchley) is a middle-aged owl with a skid-mark mustache who leaps at every idea, flailing with all extremities, as though it were a mouse to be torn limb from limb...