Word: suez
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Intransigence & Intransigence. There were other ominous notes in the situation. Out of Washington came reports that Nasser was once again receiving shipments of Soviet arms. The Egyptians had been deliberately delaying the U.N. task force's Suez Canal clearance work by failing to dredge around and remove explosives from the only two important wrecks still blocking the ditch. After Egypt's first Cabinet meeting in several months, Nasser's radio announced that the Canal would not be opened to navigation until the last Israeli clears out of Egypt...
...Long Embarrassment. For the U.S., torn between its friendship for France and its post-Suez vocation of winning Arab-Asian friendship, the debate was one long embarrassment. But when the chips were down the U.S. lined up foursquare behind France. The U.S. delegation, announced Henry Cabot Lodge, would oppose not only the 18-power resolution but all other proposals "which we believe constitute intervention in matters essentially within the domestic jurisdiction of France...
Oddly enough, neither Farmer nor Labor Candidate Niall MacDermot (a Cambridge-educated barrister) had a thing to say about Suez. The issue at stake was far closer to the British home and pocketbook: rent control. Last week, despite some timid objections from the back benches, the Macmillan government was going all out to put through its bill relaxing the controls which have frozen some 6,000,000 British rents at close to prewar levels ever since 1939 (only 6½% of income now goes for rent, as opposed to 11% prewar). The bill would raise the rent ceilings on some...
...sudden mood. In 1948, when Britain was still suffering from war-spawned austerity, 42% of Britons answered yes to the same question. When 35% were still saying yes in 1950, many thoughtful Britons concluded that sentiment on emigration was gradually returning to normal. Today, in the aftermath of the Suez debacle, emigration sentiment is once again on the rise...
...Worse. Oddly enough, Europe was less upset than the U.S. itself over the industry's laggard performance. Though oil stocks dwindled daily, Britain and the Continent were cheered by prospects of warmer weather and an early reopening of the Suez Canal. But as matters stood last week, the oil lift across the Atlantic seemed to be going from bad to worse. In seven days the U.S. averaged shipments of only 454,000 bbl. of petroleum products to Europe, of which barely 183,000 bbl. daily were crude oil, far below the figure of 500,000 bbl. daily...