Word: suez
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...narratives of a man in the week's news, as at the time when Tito was host to Bulganin and Khrushchev in the spring of 1955, or the detailed exposition of an involved political situation, as in the Eden cover (TIME, Nov. 19) at the height of the Suez crisis. This week's cover story, says Baker, had to combine most of these elements...
MIDEAST OIL expansion plans are being delayed by Western companies, worried that continued unrest will hurt their investments. Arabian American Oil Co. is cutting $10 million from its projected $80 million fund for construction and expansion this year, and other firms may follow suit. Because of Suez Canal closure and Saudi Arabian ban on exports to Britain and France, Aramco's daily flow is down to less than 700,000 bbls. v. more than 1,000,000 bbls. one year...
...height of the Suez crisis, Chicago's Marsh & McLennan Inc., one of the world's biggest and most diversified industrial-insurance brokers, got a hurry-up call from the U.N. Would M. & M. take on the job of placing insurance for the U.N.'s 4,000-man police force in the Middle East against the hazards of war? Though M. & M. had never heard of such insurance being written before by a private company, it lost no time protecting the international force. Within 24 hours it had arranged for Continental Casualty Co. to write...
Before the problem of the Suez Canal returns completely to its pre-October condition in the hands of the negotiators, it would be well to remember that something quite extraordinary and unprecedented occurred in the United Nations General Assembly during debates on the Israeli-French-British attack: the creation of a special U.N. Emergency Force, the first truly international police force in history. Its scope, of course, was and still is limited; but its significance, if it succeeds in Sinai and Suez, is broad indeed. As the armed representatives of the will of the U.N., the few thousand soldiers...
...whether U.N.E.F. ever would have come into existence if the contributing nations--including Commonwealth countries--had expected to fight the British army. The real task facing the U.N. troops is really just beginning to appear: to make sure that no conditions are put in the way of clearing the Suez Canal, and to become one means by which the U.N. can impose a solution of some sort on that area--perhaps as permanent border guards in an international corridor separating Israel from Egypt, if the General Assembly follows the suggestion of the British Labor Party...