Word: suez
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Western Big Three unity broke apart last night over Israel's attack into Egypt. Britain and France cast U.N. vetoes against U.S. and Russian cease-fire proposals, and prepared to land troops by the Suez Canal...
...sense real enthusiasm. Before an applauding (56 interruptions), highly partisan audience in Cincinnati's Music Hall, Stevenson delivered a major speech on foreign policy. "The Republican candidate" said he (obviously nettled because Eisenhower never refers to him by name), has been "misleading" the nation about success at Suez. The truth, he said, is that "in these past few months ... the Communist rulers of Soviet Russia have accomplished a Russian ambition that the czars could never accomplish: Russian power and influence have moved into the Middle East...
...Suez crisis disappeared from the headlines without having been solved. Its ill effects, however, which would reverberate for months to come, sounded most loudly last week not in Egypt itself but in Jordan, the most vulnerable vacuum in the Middle East. It was election time in the hatchet-shaped Hashemite kingdom of Jordan at a most unpropitious moment...
...appointed ex-Soldier Antony Henry Head, 50, who has been War Secretary for the past five years. Head has recently been under an avalanche of criticism in the press for his frenzied calling up of some 20,000 reserves on short notice. In the first angry moment of the Suez crisis, the regular army was too sprawled out and disorganized to provide a real threat to Egypt's Colonel Nasser...
...SUEZ RATES for war-risk insurance on cargo passing through, canal are back down to pre-crisis levels. Minimum rates are now 10? per $280 of value v. 45? a fortnight ago and 80? just after non-Egyptian pilots quit in September...