Suez crisis 1956

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pages: 344 words: 93,858

The Post-American World: Release 2.0 by Fareed Zakaria

"World Economic Forum" Davos, affirmative action, agricultural Revolution, airport security, Alan Greenspan, anti-communist, Asian financial crisis, battle of ideas, Bear Stearns, Berlin Wall, Bretton Woods, BRICs, British Empire, call centre, capital controls, central bank independence, centre right, collapse of Lehman Brothers, conceptual framework, Credit Default Swap, currency manipulation / currency intervention, delayed gratification, Deng Xiaoping, double entry bookkeeping, failed state, Fall of the Berlin Wall, financial innovation, global reserve currency, global supply chain, Great Leap Forward, illegal immigration, interest rate derivative, Intergovernmental Panel on Climate Change (IPCC), knowledge economy, low interest rates, Mahatma Gandhi, Martin Wolf, mutually assured destruction, National Debt Clock, new economy, no-fly zone, oil shock, open economy, out of africa, Parag Khanna, postindustrial economy, purchasing power parity, race to the bottom, reserve currency, Ronald Reagan, Silicon Valley, Silicon Valley startup, South China Sea, Steven Pinker, Suez crisis 1956, The future is already here, The Great Moderation, Thomas L Friedman, Thomas Malthus, three-masted sailing ship, trade route, Washington Consensus, working-age population, young professional, zero-sum game

., 103 Spence, Jonathan, 124 Spiegel, 251 Spielberg, Steven, 105 Sputnik launching (1957), 232 Sri Lanka, 157, 165 Stalin, Joseph, 37, 196, 254, 275, 277 Starbucks, 105 state-directed capitalism, 32 state socialism, 144 “stealth reforms,” 160 steel, 103–4 Steingart, Gabor, 50 Stiglitz, Joseph, 139–40 stocks, 43, 109–10, 222 sub-Saharan Africa, 80 Sudan, 31, 38, 41, 131, 188, 273 Suez Canal, 20, 168, 186, 195 Suez Canal crisis (1956), 20, 168 suicide bombings, 14–15 Summers, Lawrence, 246 Sunni Muslims, 11–12, 263 Sun Yat-sen, 84, 86 Sun Zi, 143 Sweden, 24, 116, 200 Switzerland, 200 Syria, 6, 8, 157 Taiwan, 2, 20, 26, 35, 112, 116, 118, 119, 132, 135–36, 137, 141, 142, 165n, 214, 263, 264 Taiwan Strait, 20 Taj Mahal, 70–71 Talbot, Strobe, 107 Taliban, 13, 172, 241 Tamil Nadu, 180 tariffs, 40, 197 Tata Group, 148–49, 153 Tata Motors, 230 Nano of, 229–30 taxation, 40, 64, 72, 75, 83–84, 107–8, 223, 235, 236, 262 Tay, Simon, 259 technology, xiii, 9, 36, 43, 58, 60–61, 87, 92–93, 113, 135, 142, 148–49, 161, 198, 199, 200–212, 215, 217, 224–26, 228–32, 233 Tehran Conference (1943), 254 telecommunications industry, 161 television, 95, 96 tennis, 219–20 terrorism, 5, 6, 9, 10–19, 29, 34, 59, 241, 246, 247, 264, 269–70, 271, 272, 276–80 textile industry, 28 Thailand, 28, 132 Tharoor, Shashi, 165n Thatcher, Margaret, 24, 197, 225, 244, 245 Third Plenum of the Eleventh Central Committee of the Communist Party (1978), 101–2 Third World, 10, 39, 102, 161, 177, 229, 232 Thirty Years’ War, 123 Thornton, John, 114 Tiananmen Square massacre (1989), 27, 137, 274–75 Tibet, 165 Time, 96 Times (London), 96 Times Higher Educational Supplement, 207 Tojo Hideki, 37 Tokyo, 91–92 totalitarianism, 112–17, 274 Toynbee, Arnold, 185, 197 Toyota, 225–26 trade balance, 21, 36, 57–58, 104–5, 216 traditional culture, 90–99 “treasure ships,” 62–63 treasury bills, U.S., 138 Treasury Department, U.S., 11 Trends in International Mathematics and Science Study (TIMSS), 208–9 Truman, Harry S., 253, 255–56 Tsongas, Paul, 245 tsunami disaster (2005), 155 Tunisia, 209 Turkey, 4, 8, 17, 28–29, 84, 115, 273–74, 278 Turkey bombings (2003), 17 Twain, Mark, 271 Ukraine, 3, 260 unemployment, xi, xiii, 2, 227 unemployment rate, 212, 217, 226, 284 unilateralism, 59, 246–55, 264, 267–69 “uni-multipolarity,” 53 unipolar order, 1–5, 39, 52, 233, 240–42, 243–50, 266–67, 274–75 United Arab Emirates, 3 United Nations, 40, 41, 101, 118, 131, 157, 165n, 213, 240, 244, 250, 253, 254, 264, 268, 272 United Nations Human Development Index, 157 United Nations Population Division, 213 United States, 239–85 African policy of, 270–71, 273 alliances of, 243–50, 270–75 Asian policies of, 90, 241–42, 245, 259–60, 266, 267, 273–74, 280–81 automobile industry of, 192, 225, 230, 244 British Empire compared with, 185–86, 189–90, 197–99, 237, 261–63, 266, 268 British relations of, 168, 189, 194–97, 241, 254, 261, 274 budget deficits of, 139, 219, 241–42, 244 capitalism in, xi, 23, 28, 47, 60, 120, 200–202, 223–24 China compared with, 100, 103, 108, 193, 200, 242, 263 Chinese relations of, 100, 104, 105–6, 108, 118, 136–44, 176–77, 190, 236, 254, 260–61, 263, 264, 266, 269, 280–82 colonial period of, 65, 194 culture of, xi, 1–5, 36, 90–91, 93, 94, 204, 212–16, 223–26, 271–72, 275–85 democratic ideals of, 141, 167, 232–38, 264, 274–75 demographics of, 212–16 diversity of, 212–16, 278, 283–84 domestic market of, 224, 241, 267, 283 economy of, xi–xiii, 18, 20, 22, 25–26, 29, 43–49, 50, 56–57, 86–87, 118–19, 120, 140, 152, 182, 186, 191, 192, 197–99, 212–19, 233–34, 237–38, 241, 244, 245, 255, 275, 282–83 education in, 48, 58, 200, 204–12, 215, 218–19, 225, 233 elections in, 245, 251, 276, 278–79 energy needs of, 38, 232–33 engineers trained in, 204–8 European relations of, 244–45, 251–55, 273–74 family values in, 93 film industry of, 90, 94 financial markets of, 217, 219–22 foreign investment in, 219 foreign policy of, 8, 42, 52, 59, 125, 130, 131, 132, 140, 142–44, 167–68, 189–90, 223, 235–85 foreign trade of, 20–21, 36, 57–58, 104, 200, 216, 217, 280–83 French relations of, 251, 252–53 future development of, 1–5, 94–99, 199–203, 204, 239–85 German relations of, 244, 245, 251 global influence of, see post-American world gross domestic product (GDP) of, 18, 104, 118–19, 191, 196, 198–99, 200, 207–8, 215, 217, 218, 219n, 255 growth rate for, 212–16, 233–34, 243 health care in, 225–26, 233n, 283 immigration to, 61, 87, 167, 212–16, 233, 272, 277, 278, 280, 282 income levels of, 212, 216, 217–18, 219 India compared with, 155–56, 200, 226–27 Indian relations of, 54–55, 144, 160, 166–68, 173, 174–78, 182, 249–50, 263, 264, 266, 269, 271, 274, 283 industrialization of, 2, 20, 65, 193, 200, 204, 217, 218 infrastructure of, 152 insularity of, 223–26, 275–85 Japanese relations of, 245, 266 labor force of, 225–26 legal system of, 225 manufacturing sector of, 202–3 middle class in, 226–32 Middle East policies of, 8, 31, 52, 274 military forces of, xi, 48, 54, 140, 142–43, 174–78, 182, 185, 198–99, 241, 254, 259–63, 265, 267, 269–71 military spending of, 18, 105n, 142, 198–99, 241, 262 Muslim population of, 272, 276, 278 national debt of, 138, 140, 217–19, 241–42 nationalism in, 36–39 nuclear weapons of, 140, 142, 174–78, 265 oil needs of, 38 political system of, 186, 216, 232–38, 275–85 population of, 22, 50–51, 100, 200, 212–16 productivity of, 200, 281, 282, 283 United States (continued) religious attitudes in, 122 rhetoric of fear in, 275–85 Russian relations of, 54, 190, 241, 247, 260, 266, 269 savings rate of, 216–19, 233, 241, 283 scientific research in, 198, 199, 200, 218–19 Soviet relations of, 4, 8–9, 20, 38, 141, 143, 144, 163–66, 196, 199, 244–45, 247, 252, 254, 255–56, 274, 275, 277, 284 special interests in, 234, 236 as superpower, 4, 49–61, 117, 120, 142–44, 182, 223–85 taxation in, 108, 223, 235, 236, 262 technology sector of, xiii, 58, 61, 198, 199, 200–212, 215, 217, 224–25, 228, 233 terrorist attacks against, 6, 10–11, 13, 16, 17, 29, 59, 241, 246, 247, 265, 270, 271, 272, 276, 277–80 unemployment in, xi, 227 unemployment rate in, 217, 226, 284 unilateralism of, 59, 246–55, 264–65, 267–69 as UN member, 118, 254, 264, 272 wage levels in, 229 in World War II, 36–37 urbanization, 102–3, 106, 110, 150, 153–55, 160, 167 U.S.


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The Emperor's New Road: How China's New Silk Road Is Remaking the World by Jonathan Hillman

"World Economic Forum" Davos, British Empire, cable laying ship, capital controls, colonial rule, coronavirus, COVID-19, Deng Xiaoping, Donald Trump, drone strike, energy security, facts on the ground, high-speed rail, intermodal, joint-stock company, Just-in-time delivery, land reform, low interest rates, M-Pesa, Malacca Straits, megaproject, moral hazard, offshore financial centre, rent-seeking, Scramble for Africa, Silicon Valley, smart cities, South China Sea, special economic zone, Suez canal 1869, Suez crisis 1956, supply-chain management, trade route, transcontinental railway, undersea cable, union organizing, Washington Consensus

Amal Soliman ElGhouty, “Public Debt and Economic Growth in Egypt,” Business and Economic Research 8, no. 3 (2018): 183–200, http://www.macrothink.org/journal/index.php/ber/article/view/13443. 14. “Ismail Pasha,” Encyclopedia.com, accessed February 4, 2020, https://www.encyclopedia.com/people/history/egyptian-history-biographies/khedive-egypt-ismail. 15. Caroline Piquet, “The Suez Company’s Concession in Egypt, 1854–1956: Modern Infrastructure and Local Economic Development,” Enterprise and Society 5, no. 1 (2004): 107–127, https://muse.jhu.edu/article/53850. 16. Isma’il would later agree to pay 130 million francs, roughly half of the company’s capital, to revise these provisions. Olukoya Ogen, “The Economic Lifeline of British Global Empire: A Reconsideration of the Historical Dynamics of the Suez Canal, 1869–1956,” Journal of International Social Research 1, no. 5 (Fall 2008): 527, http://www.sosyalarastirmalar.com/cilt1/sayi5/sayi5pdf/ogen_olukoya.pdf. 17.


pages: 648 words: 165,654

Dreams and Shadows: The Future of the Middle East by Robin Wright

Anton Chekhov, Ayatollah Khomeini, Berlin Wall, central bank independence, colonial rule, Fall of the Berlin Wall, feminist movement, Mahatma Gandhi, Nelson Mandela, old-boy network, power law, rolodex, Saturday Night Live, Seymour Hersh, Suez canal 1869, Suez crisis 1956, Thomas L Friedman, uranium enrichment

See Sunni-Shiite divide Syrian tradition of resistance Shikaki, Fathi Shikaki, Khalil Shrine of the Two Imams, bombing of Siniora, Fuad Soroush, Abdolkarim South African Truth and Reconciliation Commission South Lebanese Army Soviet Union; See also Russia Star Academy State Department, U.S. human rights reports list of terrorist groups report on Egypt’s elections of 2000 report on Egypt’s presidential election of 2005 Stethem, Robert Dean Street Is Ours, The Suez Canal crisis (1956) suicide bombers Sukkar, Nabil Sulaimaniyah Sunnis Iranian Iraqi Lebanese Syrian Sunni-Shiite divide Superstar Sutherland, Tom Sword of Islamic Righteousness Syria Alawite minority in Christians in clothing in Communist Party constitution of corruption in coups in Damascus Declaration Damascus Spring democracy and economy of Egypt and expatriates French colonialism and governmental reform package government’s hold on power Hariri’s assassination and Hezbollah and illusions of greatness of intelligence agencies; See also Mukhabarat Iran and Iraq and Iraqi oil and Iraqi refugees in Islam and Jews in Labor Party Law No.


pages: 482 words: 149,351

The Finance Curse: How Global Finance Is Making Us All Poorer by Nicholas Shaxson

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, activist fund / activist shareholder / activist investor, Airbnb, airline deregulation, Alan Greenspan, anti-communist, bank run, banking crisis, Basel III, Bear Stearns, benefit corporation, Bernie Madoff, Big bang: deregulation of the City of London, Blythe Masters, Boris Johnson, Bretton Woods, British Empire, business climate, business cycle, capital controls, carried interest, Cass Sunstein, Celtic Tiger, central bank independence, centre right, Clayton Christensen, cloud computing, corporate governance, corporate raider, creative destruction, Credit Default Swap, cross-subsidies, David Ricardo: comparative advantage, demographic dividend, Deng Xiaoping, desegregation, Donald Trump, Etonian, export processing zone, failed state, fake news, falling living standards, family office, financial deregulation, financial engineering, financial innovation, forensic accounting, Francis Fukuyama: the end of history, full employment, gig economy, Gini coefficient, Glass-Steagall Act, global supply chain, Global Witness, high net worth, Ida Tarbell, income inequality, index fund, invisible hand, Jeff Bezos, junk bonds, Kickstarter, land value tax, late capitalism, light touch regulation, London Whale, Long Term Capital Management, low skilled workers, manufacturing employment, Mark Zuckerberg, Martin Wolf, megaproject, Michael Milken, Money creation, Mont Pelerin Society, moral hazard, neoliberal agenda, Network effects, new economy, Northern Rock, offshore financial centre, old-boy network, out of africa, Paul Samuelson, plutocrats, Ponzi scheme, price mechanism, proprietary trading, purchasing power parity, pushing on a string, race to the bottom, regulatory arbitrage, rent-seeking, road to serfdom, Robert Bork, Ronald Coase, Ronald Reagan, Savings and loan crisis, seminal paper, shareholder value, sharing economy, Silicon Valley, Skype, smart grid, Social Responsibility of Business Is to Increase Its Profits, South Sea Bubble, sovereign wealth fund, special economic zone, Steve Ballmer, Steve Jobs, stock buybacks, Suez crisis 1956, The Chicago School, Thorstein Veblen, too big to fail, Tragedy of the Commons, transfer pricing, two and twenty, vertical integration, Wayback Machine, wealth creators, white picket fence, women in the workforce, zero-sum game

D. 22, 76, 77 Ross, Wilbur 175, 200–1 Royal Bank of Scotland (RBS) 221, 227 Rubin, Robert 159 Russia 12, 51, 63, 84, 85, 167, 168, 264, 267, 274 Rutherford, Thomas F. 253 Sachsen LB 133 Sainsbury’s 83 Samuelson, Paul 29–30 Sandstorm Report (1991) 145 Saviano, Roberto 64 savings and loan crisis, U.S. (1989) 146, 161, 165 Schreck, Blake 41–4, 48 Schröder, Gerhard 97, 102 Schroder PLC 220 Schumer, Chuck: Sustaining New York’s and the US’ Global Financial Services Leadership 164 Scottish Police Authority 221, 222 Second Bank of the United States 75 Second World War (1939–45) 31, 32, 33, 49, 52, 77 securitisation 128, 151–6, 161, 162, 169, 174, 200 see also special purpose vehicle (SPV) Seides, Ted 209 Serious Fraud Office (SFO) 166 Shannon Airport, Ireland 116–17, 138 shareholders 2, 3, 63, 73, 87, 88, 89, 113, 143, 148, 149, 193, 196, 197, 199, 205, 206, 207, 209, 217, 220–1, 222, 223, 225–7, 233–4, 249, 266 Sheffield University 137, 207, 225, 234 Shelbourne Hotel, Dublin 129 Sheppard, Lee 65–6 Sherman Antitrust Act (1890) 76, 77 Sikka, Professor Prem 66, 237 Sinaloa cartel 12, 167 Sinclair Broadcast Group 88 Singapore 13, 70, 85, 97, 112, 113, 130, 166, 218, 273 Sky 70–1 Slater, Bob 19 Slim, Carlos 184, 185 Smith, Adam: Wealth of Nations 18, 35, 90 Smith, Greg 183 Society of Trust and Estate Practitioners (STEP) 177–8, 182, 185, 186 South Dakota, U.S. 188–9 Southern Cross Healthcare 202 Sovaldi 85–6 Soviet Union 76, 110, 129, 138, 197, 271 special economic zone (SEZ) 117, 130–1, 138 special purpose vehicle (SPV) 63, 66, 128, 134–5, 151–3, 154, 155, 161, 165, 169, 171, 220, 221, 222, 236 Standard Oil 19–21, 26–7, 71, 76, 77 sterling: flotation of 53; Sterling Zone 60, 61 Stewart, Professor Jim 133, 134, 135 Stigler, George 37, 72, 73–4 Stoller, Matt 86, 99 Strathclyde Limited Partnership 220 Strathclyde Police Training and Recruitment Centre, East Kilbride 220–2 streetcar scandal, American 25 structured investment vehicle (SIV) 140 Suez Canal crisis (1956) 54 Summers, Lawrence 159 Switzerland 13, 37, 45, 47, 55–6, 58, 63, 70, 83, 93, 95, 97, 101, 113, 125, 136, 142, 160, 166, 171, 175, 186, 202, 207, 216, 228, 258, 259, 268 Tarbell, Franklin 20 Tarbell, Ida 19–20, 26, 27 Tasker, George 178–9 tax: Celtic Tiger and see Celtic Tiger; City of London and see City of London; corporate tax cuts and competitiveness agenda 13, 26, 29, 30–1, 36, 38–48, 108–9, 113–14, 116–18, 121, 122, 123, 126, 127–30, 137–8, 178, 183, 207, 241–57, 260; high taxes for wealthy, economic growth and 33, 34, 52; inheritance tax 172–3, 182, 234; income tax, introduction of 98; monopolies and see monopolies; neoliberalism and see neoliberalism; private equity and see private equity; Third Way and see Third Way; trusts and see trusts tax havens 1, 2, 3, 4, 5, 8, 13, 23–4, 25, 47, 55–6, 59–68, 84, 85, 86, 87, 92–7, 98, 103, 104, 111–13, 114, 117–18, 119, 120, 121, 122, 123, 125, 129, 130, 131, 132, 136, 137, 138, 140, 141, 142, 145, 150, 151, 152, 153–4, 155, 156, 157, 159, 162, 166, 169, 171, 173, 174–5, 176, 177, 178, 179, 180, 181, 185, 186– 7, 188, 200, 201, 202, 205, 207, 211, 216, 221, 222, 223, 228, 234, 236, 238, 240, 242, 243, 245, 249, 250, 258, 268, 269, 270, 271, 272 see also individual tax haven name Tax Justice Network 5, 67–8, 113, 270 Tett, Gillian: Fool’s Gold 146 Texas Pacific Group (TPG) 201 Thatcher, Margaret 37, 58, 104, 143, 216 The Big Short (film) 154, 235 TheCityUK 257–9 think tanks 13, 37, 74, 178, 216, 241, 247, 251 Third Way 91, 92–115, 121, 122, 159 Thomas, Kenneth 138 Tiebout, Professor Charles 28–9; ‘A Pure Theory of Local Expenditures’ 29, 30–1, 38, 39, 40, 45, 46–7, 48, 73 TIM Hellas 201 Tomlinson Report (2014) 26 Toyota 84 Trainline 1–2, 3, 195 transfer pricing 24, 85 Traynor, Dennis 136 Treasury, U.K. 52, 59, 221, 222, 238, 249, 257–8 Treaty of Rome (1957) 77, 98 Troup, Edward 234 Trump, Donald 88, 100, 108–9, 122, 166, 167, 175, 182, 183, 200, 245, 247, 253–4, 273 trusts 20–2, 61, 62, 66, 169–89, 191, 221, 272 Turks and Caicos 60, 62, 141 21st Century Fox 70 Tyco 235 Union Cold Storage 24–5 United Front 264 United Nations (UN) 4, 104 United States 2, 6, 10, 21, 54, 55, 62, 64, 69, 124, 126, 134, 259, 264, 265, 271; Eurodollar and see Eurodollar/Euromarkets; finance curse and 10–11; London loophole/global financial crisis and 140–68; monopoly/antitrust in 4, 19–22, 71–91; neoliberalism and see neoliberalism; private equity and 194–7, 200–1, 210–11, 214, 225, 235; sabotage in 19–24, 25, 26–7; taxes in 33, 39–49, 108– 9, 183, 244–5, 247, 253–6; Third Way and 98–100, 101; relocation of companies within 39–49 see also Wall Street and individual company name Universal Credit 230 University of Chicago 16, 72, 196 U.S.


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The Prize: The Epic Quest for Oil, Money & Power by Daniel Yergin

anti-communist, Ascot racecourse, Ayatollah Khomeini, bank run, Berlin Wall, book value, British Empire, Carl Icahn, colonial exploitation, Columbine, continuation of politics by other means, cuban missile crisis, disinformation, do-ocracy, energy security, European colonialism, Exxon Valdez, financial independence, fudge factor, geopolitical risk, guns versus butter model, Ida Tarbell, informal economy, It's morning again in America, joint-stock company, junk bonds, land reform, liberal capitalism, managed futures, megacity, Michael Milken, Mikhail Gorbachev, Monroe Doctrine, new economy, North Sea oil, oil rush, oil shale / tar sands, oil shock, old-boy network, postnationalism / post nation state, price stability, RAND corporation, rent-seeking, Ronald Reagan, shareholder value, stock buybacks, Suez canal 1869, Suez crisis 1956, Thomas Malthus, tontine, vertical integration, Yom Kippur War

[5] Cooper, Lion's Last Roar, p. 103 ("De Lesseps"); Alistair Home, Harold Macmillan, vol. 1, 1894-1956 (New York: Vintage, 1989), p. 397 (Macmillan); Wm. Roger Louis and Roger Owen, eds., Suez 1956: The Crisis and its Consequences (Oxford: Clarendon Press, 1989), p. 110; Interview with John C. Norton (pilots). [6] Evelyn Shuckburgh, Descent to Suez: Diaries, 1951-1956 (London: Weidenfeld and Nicolson, 1986), p. 23 ("Master"); Neff, Warriors at Suez, p. 39 (Ike on Dulles); Interview with Winthrop Aldrich, p. 27, Tape 27, Box 244, Aldrich papers; Eden, Full Circle, p. 487 ("disgorge"); Louis and Owen, Suez 1956, pp. 198-99 ("out of date" and "white men"), 210 ("mantle"); Dwight D. Eisenhower, Waging Peace: The White House Years, 1956-1961 (Garden City, N.Y.: Doubleday, 1965), p. 670 ("drama"); Interview with Robert Bowie; Heikal, Cairo Documents, p. 103 ("Which side"); Deborah Polster, "The Need for Oil Shapes the American Diplomatic Response to the Invasion of Suez" (Ph.D., Case Western Reserve University, 1985), pp. 65-66

Los Angeles: Pacific Enterprises, 1990. Lloyd, Selwyn. Suez 1956: A Personal Account. London: Jonathan Cape, 1978. Longhurst, Henry. Adventure in Oil: The Story of British Petroleum. London: Sidgwick and Jackson, 1959- Longrigg, Stephen H. Oil in the Middle East: Its Discovery and Development. 3d ed. London: Oxford University Press, 1968. Louis, William Roger. The British Empire in the Middle East 1945-1951: Arab Nationalism, the United States, and Postwar Imperialism. Oxford: Clarendon Press, 1985. Louis, William Roger, and Roger Owen, eds. Suez 1956: The Crisis and its Consequences. Oxford: Clarendon Press, 1989.

For his part, Dulles, along with other Americans, found Eden both arrogant and languid. But their discord went beyond style; there were specific grievances as well. Eden and Dulles had already clashed over the French Indo-Chinese war two years earlier. Eden had promoted diplomacy, but Dulles was not interested in that kind of peaceful resolution. Now, over Suez, they would trade roles. Yet in August 1956, a few days after the nationalization, Dulles reassured the British and French foreign ministers that "a way had to be found to make Nasser disgorge" the canal. That expression was to ring as comfort in Eden's ear for the next couple of months. But the Americans came up with a number of diplomatic stratagems that seemed unrealistic to the British—or, if looked upon more cynically, seemed aimed at postponing more direct action on the part of the British and French.


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Thirteen Days in September: Carter, Begin, and Sadat at Camp David by Lawrence Wright

Albert Einstein, cuban missile crisis, desegregation, European colonialism, facts on the ground, Mahatma Gandhi, Mount Scopus, open borders, rent control, Ronald Reagan, Seymour Hersh, Suez crisis 1956, Yom Kippur War

Azouqa, “Frederico García Lorca and Salah ’Abd al-Sabur as Composers of Modern Ballads: A Comparative Study,” Journal of Arabic Literature 36, no. 2. (2005). “The ballad dwells”: Sadat, In Search of Identity, p. 6. Sadat’s account of the incident is somewhat at variance with modern sources. See Turner, Suez 1956, pp. 39–40; Mustafa Bassiouni, “A Modern-Day Dinshaway in Egypt?” Al Akhbar English, http://english.al-akhbar.com/node/2887. “the odious sight”: Sadat, In Search of Identity, p. 10. “nothing but a scrap”: Quoted in Yunan Labib Rizk, “Gandhi in Egypt,” Al-Ahram, Dec. 19–25, 2002. “I began to imitate”: Sadat, In Search of Identity, p. 13.

“He may be a Soviet”: British Foreign Office telegram to Washington, Nov. 13, 1948, in the Menachem Begin files of British Intelligence. “He was made ‘better-looking’ ”: Undated newspaper clipping in Begin files of British Intelligence, probably summer of 1946. They were already spending: Turner, Suez 1956, p. 80. “unworkable”: Gervasi, The Life and Times of Menahem Begin, p. 187. Sensing victory, Begin: Temko, To Win or to Die, p. 102. “For hundreds of years”: Jake Eyre, “The Story of Irgun: Terrorism, Propaganda, and the State of Israel,” thesis, Norwich University, Nov. 16, 2010, p. 18. “anti-Hebrew activities”: Temko, To Win or to Die, p. 106.

“an eye for an eye”: Ibid., p. 283. His strategy was to provoke: Ibid., p. 286. Fifty-eight civilians: Ibid., p. 287. “Yesterday morning Roy was”: Bar-On, Moshe Dayan, pp. 74–76; Dayan, Living with the Bible, pp. 165–66. The phased departure of: Neff, Warriors at Suez, pp. 55–56. “The Suez Canal was”: Turner, Suez 1956, p. 180. Although Britain had: Neff, Warriors at Suez, p. 18. The scheme was: Dayan, Story of My Life, p. 202. That would become: Grief, The Legal Foundation and Borders of Israel under International Law, p. 233. Finally, Israel would: Ibid., p. 215; Neff, Warriors at Suez, pp. 342–43; Sand, The Invention of the Land of Israel, p. 238.


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The Hundred Years' War on Palestine: A History of Settler Colonialism and Resistance, 1917–2017 by Rashid Khalidi

Bernie Sanders, British Empire, colonial rule, disinformation, Donald Trump, en.wikipedia.org, European colonialism, Kickstarter, mass immigration, rolling blackouts, Ronald Reagan, Suez crisis 1956, WikiLeaks

Unable to respond to Israeli attacks, and embarrassed before Egyptian and Arab public opinion, the government meanwhile ordered its military intelligence services to help the Palestinian militants they had previously suppressed to launch operations against Israel. The response to this new development was not long in coming, and it was devastating. Thus a few bloody raids launched in the early 1950s by small Palestinian militant groups, actions taken against the wishes of most Arab governments, ultimately led to Israel launching the Suez War of October 1956. Israel did not do so alone, and its partners had their own reasons for attacking Egypt. Old-school imperialists in office in Britain and France were enraged by Egypt’s nationalization of the Franco-British Suez Canal Company, which was carried out in retaliation for the cancellation by the US secretary of state of a planned World Bank loan to build the Aswan Dam.

See also Shlaim, “Conflicting Approaches.” 77. Matthew Connelly, A Diplomatic Revolution: Algeria’s Fight for Independence and the Origin of the Post-Cold War Era (New York: Oxford University Press, 2002). 78. There is a vast literature on the 1956 Suez war. For a good collection of essays on the topic see Suez 1956: The Crisis and Its Consequences, ed. Roger Louis and Roger Owen (Oxford: Clarendon Press, 1989). See also Benny Morris, Israel’s Border Wars. 79. “Special Report of the Director of the United Nations Relief and Works Agency for Palestine Refugees in the Near East,” A/3212/Add.1 of December 15, 1956, https://unispal.un.org/DPA/DPR/unispal.nsf/0/6558F61D3DB6BD4505256593006B06BE. 80.

See War of 1967 Sourani, Raji South Africa South Lebanese Army Soviet Oriental Institute Soviet Union (USSR). See also Russia collapse of Lebanon War of 1982 and Madrid talks and PLO and Suez War and War of 1948 and War of 1967 and Stalin, Joseph Stalingrad, Battle of Stern gang Sternhell, Zeev St. James’s Palace conference (1939) Suez War of 1956 Suez War of Attrition (1968–70) suicide bombings Sunnis Supreme Muslim Council Suriyya al-Janubiyya Sykes-Picot Agreement Syria. See also Golan Heights Abu Nidal and civil war Fatah and Israel and Lebanese civil war and Lebanon War of 1982 and Madrid-Washington talks and Oslo and PLO and Skykes-Picot and UNSC 242 and War of 1967 and Syrian National Party Tacitus Tal, Wasfi al- Tal al-Rish Tal al-Za‘tar massacre Tannous, ‘Izzat Tel Aviv terrorism “three nos” Touqan, Fadwa Transfer Agreement (Nazi) Transjordan (later Jordan) renamed Jordan West Bank takeover by Tripoli Truman, Harry Trump, Donald Tunis Turkey Umayyad period UNESCO Unified National Command Unified National Leadership Union of Palestinian Students United Arab Emirates (UAE) United Nations 14 partition and War of 1967 and UN Charter UN General Assembly PLO and Resolution 181 (UNGA 181) Resolution 194 (UNGA 194) Suez War and UN High Commissioner for Refugees UN Political and Security Council Affairs Division UN Relief and Works Agency (UNRWA) Special Report on Israeli Massacres in Gaza UN Security Council Resolution 235 (UNSC 235, 1967) Resolution 242 (UNSC 242, 1967) Resolution 338 (UNSC 338, 1973) Resolution 2334 (UNSC 2334, 2106) on settlements War of 1967 and UN Special Commission on Palestine (UNSCOP) Minority Report United States Anglo-American Committee of Inquiry and Camp David summit of 2000 and Egypt and Egypt-Israel treaty and elections of 2016 First Intifada and Gulf War and Hamas and Israel and Israeli attacks on Gaza and Khalidi family in King-Crane Commission and Lebanese civil war and Lebanon War of 1982 and Madrid-Washington talks and national self-determination and oil and Oslo and PA and Palestinians and PLO and policy shifts and public opinion in rejecting, as mediator Saudi Arabia and settler-colonialism and Suez War and Transjordan and UNSC 242 and UNSCOP and USSR and War of 1948 and War of 1967 and WW II and Yemen and Zionism and US Congress US-Israel Memorandum of Agreement (1975) US Marines, Beirut barracks bombed US National Security Council US Senate US State Department University of Chicago University of Michigan ‘Uraysi, ‘Abd al-Ghani al- Uris, Leon USA Patriot Act (2001) Vance, Cyrus Versailles Conference (1918) Vienna airport massacre Vietnam War village leagues project WAFA Wafd Wahhabism War of 1948.


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Lords of the Desert: The Battle Between the US and Great Britain for Supremacy in the Modern Middle East by James Barr

Albert Einstein, anti-communist, Bretton Woods, British Empire, capital controls, cuban missile crisis, disinformation, false flag, illegal immigration, imperial preference, Khartoum Gordon, land reform, Mahatma Gandhi, Suez crisis 1956, trade route

., 33/11, ‘Report from Amman’, 11 March 1956. 23. MEC, Slade-Baker Papers, diary, 6 March 1956; Beeston, Looking for Trouble, p. 21. 24. TNA, CAB 195/14, meeting of 5 March 1956; Shuckburgh, Descent to Suez, p. 341, 3 March 1956. 25. Shuckburgh, Descent to Suez, p. 345, 7 March 1956; Thorpe, Eden, p. 466. 26. Shuckburgh, Descent to Suez, p. 346, 12 March 1956. 27. Shuckburgh, Descent to Suez, p. 345, 8 March 1956. Chapter 18 Ditching Nasser 1. Von Tunzelmann, Blood and Sand, p. 100. 2. FRUS, 1955–57, Vol. XV, p. 307, Anderson to Dulles, 6 March 1956. 3. Ferrell, ed., The Eisenhower Diaries, p. 318, 8 March 1956; Lucas and Morey, ‘The Hidden “Alliance” ’, p. 103. 4.

Following the signature of the Turco-Pakistan Pact on 2 April 1954, and the US government’s announcements that it would supply military aid to Iraq and Pakistan weeks later, they realised that they had no time to lose if they were to maintain any semblance of influence in the region. Otherwise, as one Foreign Office minister admitted, ‘the Iraqis and others may get the idea that we are leaving it to the Americans to make the running in that part of the world’.1 Following the withdrawal from Palestine in 1948, and with the departure of British forces from Suez now scheduled for June 1956, Jordan and Iraq were the two remaining countries where the British retained a presence in the northern Middle East. When Eden reviewed the implications of Dulles’ Northern Tier strategy he argued that Britain should build up her position in each country to resist American encroachment.

‘Foster assures me that the US is as determined to deal with Nasser as we are – but I fear he has a mental caveat about November 6th.’ Eden desperately needed a breakthrough – one that would simultaneously provide him with a casus belli and ensure American acquiescence. Three weeks before polling day in the United States, he got it. 20 THE SUEZ MISCALCULATION Sunday 14 October 1956 was ‘a glorious autumn day, radiant with sunshine and crisp as a biscuit’, the Foreign Office minister, Anthony Nutting, later remembered. He had come to the prime minister’s country residence, Chequers, in the countryside northwest of London, to bring Eden Selwyn Lloyd’s overnight report from the United Nations.


pages: 264 words: 74,688

Imperial Legacies by Jeremy Black;

affirmative action, British Empire, centre right, colonial rule, Donald Trump, European colonialism, Francis Fukuyama: the end of history, Great Leap Forward, imperial preference, Jeremy Corbyn, Khartoum Gordon, mass immigration, Monroe Doctrine, out of africa, Scramble for Africa, Suez crisis 1956, transatlantic slave trade

As with previous shifts in imperial thinking, this argument was far more than simply a case of presentation, as the government, in practice, reshaped its imperial mission to respond to the condition, needs, and opportunities of the postwar world. Opposition views were also significant. Hugh Gaitskell, the Labour leader from 1955 to 1963, who had opposed military action at Suez in 1956, declared in 1962 his opposition to Britain joining the EEC. Gaitskell added that he would not sell “the Commonwealth down the river” and, with reference to World War I, that “We, at least, do not intend to forget Vimy Ridge and Gallipoli,” battles in which Dominion forces (respectively Canadian, and Australian and New Zealand) had played a major role.


pages: 600 words: 165,682

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Made to Break: Technology and Obsolescence in America by Giles Slade

Albert Einstein, Alexey Pajitnov wrote Tetris, American ideology, Apollo Guidance Computer, Apple's 1984 Super Bowl advert, Buckminster Fuller, business cycle, Cass Sunstein, Charles Babbage, Charles Lindbergh, creative destruction, disinformation, Douglas Engelbart, Douglas Engelbart, Dr. Strangelove, Fairchild Semiconductor, Ford Model T, global village, Herman Kahn, housing crisis, indoor plumbing, invention of radio, Jeff Hawkins, John Perry Barlow, Joseph Schumpeter, Lewis Mumford, Marshall McLuhan, Mikhail Gorbachev, more computing power than Apollo, mutually assured destruction, PalmPilot, planned obsolescence, public intellectual, Ralph Nader, rent control, Ronald Reagan, Silicon Valley, Steve Jobs, Strategic Defense Initiative, Suez crisis 1956, the market place, the medium is the message, The Soul of a New Machine, The Theory of the Leisure Class by Thorstein Veblen, Thorstein Veblen, unemployed young men, upwardly mobile, Vladimir Vetrov: Farewell Dossier, white picket fence, women in the workforce

Although the PDP-8 was still as large as an eight cubic foot box freezer, Kenneth Olsen, one of the founders of Digital Equipment Corporation (DEC), the company that manufactured the PDP-8, called his new product a minicomputer. He derived the term from two British imports that were then enjoying considerable success in the United States—the miniskirt, and the Morris Mini Minor, a small automobile whose ingenious design had emerged in response to the Suez Canal crisis of 1956, which reduced oil supplies to Britain.5 Olsen knew that Morris had directed the famous automobile designer Alec Issigonis to create a car that was lightweight, fuel effici nt, and highly economical to operate. Similarly,compact integrated circuits would soon drive the computer revolution.


pages: 380 words: 116,919

Britain's Europe: A Thousand Years of Conflict and Cooperation by Brendan Simms

anti-communist, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, BRICs, British Empire, business cycle, capital controls, Corn Laws, credit crunch, eurozone crisis, Fall of the Berlin Wall, first-past-the-post, guns versus butter model, imperial preference, Jeremy Corbyn, land reform, Monroe Doctrine, moral panic, oil shock, open economy, plutocrats, race to the bottom, Ronald Reagan, sceptred isle, South Sea Bubble, Suez canal 1869, Suez crisis 1956, trade route, éminence grise

Robert W. Heywood, ‘West European Community and the Eurafrica Concept in the 1950s’, Journal of European Integration, 4 (1981), pp. 199–210. 42. Quoted in Ralph Dietl, ‘Suez 1956. A European Intervention?’, Journal of Contemporary History, 43, 2 (2008), pp. 259–78, p. 261. 43. See John C. Campbell, ‘The Soviet Union, the United States, and the Twin Crises of Hungary and Suez’, in William Roger Louis and Roger Owen (eds.), Suez 1956. The Crisis and Its Consequences (Oxford, 1989), pp. 233–53. 44. See Diane Kunz, The Economic Diplomacy of the Suez Crisis (Chapel Hill and London, 1991), especially pp. 113–14, 192–3. 45.


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Shadows of Empire: The Anglosphere in British Politics by Michael Kenny, Nick Pearce

battle of ideas, Berlin Wall, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, colonial rule, corporate governance, Dominic Cummings, Donald Trump, eurozone crisis, Fall of the Berlin Wall, floating exchange rates, Francis Fukuyama: the end of history, full employment, global reserve currency, imperial preference, informal economy, invention of the telegraph, Khartoum Gordon, labour mobility, Les Trente Glorieuses, liberal capitalism, Mahatma Gandhi, mass immigration, Monroe Doctrine, Neal Stephenson, Nixon shock, public intellectual, quantitative easing, reserve currency, Ronald Reagan, Steve Bannon, Suez canal 1869, Suez crisis 1956, trade route, Washington Consensus

Nearly bankrupted by the Second World War, Britain turned – in both economic and imaginative terms – back to the ‘Old Commonwealth’ and her remaining colonies to underpin her economic revival and the financing of the newly created welfare state. It did so within the new conditions created by the USA after the war, including a global economy governed by Bretton Woods institutions. But, following the debacle of Suez in 1956, repeated currency crises, and the drift into relative economic decline, Britain's political establishment looked for new solutions and so came to seek entry to the EEC. Now, the Anglosphere came to play a very different role in British political culture. It enabled the expression of powerful forms of guilt, nostalgia and anti-European prejudice – as much on the political left as on the right – in the form of support for the Commonwealth.


pages: 309 words: 85,584

Nine Crises: Fifty Years of Covering the British Economy From Devaluation to Brexit by William Keegan

Alan Greenspan, banking crisis, Bear Stearns, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, capital controls, congestion charging, deindustrialization, Donald Trump, Etonian, eurozone crisis, Fall of the Berlin Wall, financial engineering, financial innovation, financial thriller, floating exchange rates, foreign exchange controls, full employment, gig economy, inflation targeting, Jeremy Corbyn, Just-in-time delivery, light touch regulation, liquidity trap, low interest rates, Martin Wolf, military-industrial complex, moral hazard, negative equity, Neil Kinnock, Nixon triggered the end of the Bretton Woods system, non-tariff barriers, North Sea oil, Northern Rock, oil shock, Parkinson's law, Paul Samuelson, pre–internet, price mechanism, quantitative easing, Ronald Reagan, school vouchers, short selling, South Sea Bubble, Suez crisis 1956, The Chicago School, transaction costs, tulip mania, Winter of Discontent, Yom Kippur War

The ‘dear boy’ was apparently not actually said by Macmillan, but it did sound like him. Such great remarks become clichés for a good reason. They strike a chord. His comment was also a dig at the weakness of the opposition. ‘Events’ can include the impact of wars or other military operations – Suez in 1956; the Falklands in 1982 – and what economists call ‘shocks’: the two oil crises of the 1970s; the unexpected financial crash of 2007–09; and, more recently, Brexit. The Queen, not known for her views on economic policy, became celebrated in November 2008 for her observation about the unanticipated nature of the crash.

Shortly after I had been there a year, I was approached by The Observer and offered what for me was an ideal job: to be economics editor of The Observer, the newspaper for which I had the most respect, and had done ever since discovering it on my newspaper round in the early 1950s. It was, among other things, the paper that had opposed the Suez venture of 1956, which brought down Eden and cleared the path for Macmillan to move from the Treasury to No. 10; it had also printed Khrushchev’s denunciation of Stalin in full, taking up most of what was then a paper with few pages by modern standards. In circulation and size, The Observer was then, as now, a poor relation to the massive Sunday Times.


pages: 1,373 words: 300,577

The Quest: Energy, Security, and the Remaking of the Modern World by Daniel Yergin

"Hurricane Katrina" Superdome, "World Economic Forum" Davos, accelerated depreciation, addicted to oil, Alan Greenspan, Albert Einstein, An Inconvenient Truth, Asian financial crisis, Ayatollah Khomeini, banking crisis, Berlin Wall, bioinformatics, book value, borderless world, BRICs, business climate, California energy crisis, carbon credits, carbon footprint, carbon tax, Carl Icahn, Carmen Reinhart, clean tech, Climategate, Climatic Research Unit, colonial rule, Colonization of Mars, corporate governance, cuban missile crisis, data acquisition, decarbonisation, Deng Xiaoping, Dissolution of the Soviet Union, diversification, diversified portfolio, electricity market, Elon Musk, energy security, energy transition, Exxon Valdez, facts on the ground, Fall of the Berlin Wall, fear of failure, financial innovation, flex fuel, Ford Model T, geopolitical risk, global supply chain, global village, Great Leap Forward, Greenspan put, high net worth, high-speed rail, hydraulic fracturing, income inequality, index fund, informal economy, interchangeable parts, Intergovernmental Panel on Climate Change (IPCC), It's morning again in America, James Watt: steam engine, John Deuss, John von Neumann, Kenneth Rogoff, life extension, Long Term Capital Management, Malacca Straits, market design, means of production, megacity, megaproject, Menlo Park, Mikhail Gorbachev, military-industrial complex, Mohammed Bouazizi, mutually assured destruction, new economy, no-fly zone, Norman Macrae, North Sea oil, nuclear winter, off grid, oil rush, oil shale / tar sands, oil shock, oil-for-food scandal, Paul Samuelson, peak oil, Piper Alpha, price mechanism, purchasing power parity, rent-seeking, rising living standards, Robert Metcalfe, Robert Shiller, Robert Solow, rolling blackouts, Ronald Coase, Ronald Reagan, Sand Hill Road, Savings and loan crisis, seminal paper, shareholder value, Shenzhen special economic zone , Silicon Valley, Silicon Valley billionaire, Silicon Valley startup, smart grid, smart meter, South China Sea, sovereign wealth fund, special economic zone, Stuxnet, Suez crisis 1956, technology bubble, the built environment, The Nature of the Firm, the new new thing, trade route, transaction costs, unemployed young men, University of East Anglia, uranium enrichment, vertical integration, William Langewiesche, Yom Kippur War


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Winds of Change by Peter Hennessy

anti-communist, Beeching cuts, Berlin Wall, Bletchley Park, Bretton Woods, British Empire, centre right, Corn Laws, creative destruction, cuban missile crisis, Dr. Strangelove, Etonian, Fall of the Berlin Wall, floating exchange rates, full employment, government statistician, Great Leap Forward, John Maynard Keynes: Economic Possibilities for our Grandchildren, Joseph Schumpeter, land tenure, liberal capitalism, meritocracy, Mikhail Gorbachev, Nelson Mandela, Norman Macrae, North Sea oil, oil shock, reserve currency, rising living standards, Robert Gordon, Scramble for Africa, Suez canal 1869, Suez crisis 1956, Ted Sorensen, The Rise and Fall of American Growth, total factor productivity, upwardly mobile, uranium enrichment

He spoke of them, I remember, as three leaves of a piece of clover, or, again, as three intersecting circles. Of course, he was right in his analysis, but ever since then we have been, in one way or another, trying to find a practical solution to the problem of their interconnection’ (a remarkably insouciant description of what, certainly since Suez in 1956, had been an increasingly desperate business).fn14 With a quick glance towards ‘the moral side’ of European integration – ‘the reconciliation of France and Germany’167 – the Prime Minister began his pitch to Parliament and the British people by depicting the Treaty of Rome in a reassuring fashion.

When a grand Frenchman was to lunch or dine at No. 10, he took care to have a portrait of either Wellington or Nelson over the door to the dining room. 8 This hugely influential book by the Regius Professor of Modern History at Cambridge remained in print for seventy-three years until, appropriately enough, the year of Suez (1956) (William Roger Louis, ‘The Historiography of the British Empire’ (1999), reproduced in William Roger Louis, Ends of British Imperialism: The Scramble for Empire, Suez and Decolonisation. Collected Essays (I. B. Tauris, 2006), pp. 955–98. The longevity of Seeley’s book is dealt with on pp. 962–3). 9 De Gaulle: ‘We were, of course, old friends … These [wartime] memories, combined with the respect which I had for his character, and the interest and enjoyment which I derived from his company, caused me to listen to him with confidence and speak to him with sincerity’ (Charles de Gaulle, Memoirs of Hope: Renewal 1958–62 (Weidenfeld & Nicolson, 1971), pp. 216–17).


pages: 407

Disrupt and Deny: Spies, Special Forces, and the Secret Pursuit of British Foreign Policy by Rory Cormac

anti-communist, Berlin Wall, British Empire, colonial rule, currency manipulation / currency intervention, disinformation, drone strike, dual-use technology, Edward Snowden, Etonian, fake news, false flag, illegal immigration, land reform, Malacca Straits, Mikhail Gorbachev, operational security, precautionary principle, private military company, Ronald Reagan, Seymour Hersh, Stuxnet, Suez crisis 1956, trade route, union organizing, WikiLeaks, Yom Kippur War

In the chairman’s words they were ‘all people who knew what clandestine activities were’. Dodds-Parker’s committee was disbanded in February 1957, but the Executive continued to run. See CAB 21/3406, Lloyd to Brook, 27 February 1957; FO 1110/880, Dean to Rennie, ‘Organisation of Political Warfare for Suez’, 3 August 1956; Rennie, ‘Organisation for Political Warfare’, 8 August 1956; Kirkpatrick, ‘Information Coordination Executive’, 21 August 1956; ‘Record of Meeting of Mr DoddsParker’s Advisory Committee at 10.30am, August 24, 1956’; LHCMA: SUEZOHP6:DP, ‘Interview with Sir Douglas Dodds-Parker conducted by Anthony Gorst and W Scott Lucas’. 134.

.), Strategic Intelligence Volume 3: Covert Action, Behind the Veils of Secret Foreign Policy (Westport CT: Praeger Security International, 2007): 23–60. Omissi, D., Air Power and Colonial Control:The Royal Air Force, 1919–1939 (Manchester: Manchester University Press, 1990). Onslow, S., ‘Julian Amery and the Suez Operation’, in S. Smith (ed.), Reassessing Suez 1956: New Perspectives on the Crisis and its Aftermath (Abingdon: Routledge, 2008): 67–78. Ovendale, R., British Defence Policy since 1945 (Manchester: Manchester University Press, 1994). Owen, D., In Sickness and in Power: Illness in Heads of Government during the last 100 Years (London: Praeger, 2008).


The Empire Project: The Rise and Fall of the British World-System, 1830–1970 by John Darwin

anti-communist, banking crisis, Bretton Woods, British Empire, capital controls, classic study, cognitive bias, colonial rule, Corn Laws, disinformation, European colonialism, floating exchange rates, full employment, imperial preference, Joseph Schumpeter, Khartoum Gordon, Kickstarter, labour mobility, land tenure, liberal capitalism, liquidationism / Banker’s doctrine / the Treasury view, Mahatma Gandhi, Monroe Doctrine, new economy, New Urbanism, open economy, railway mania, reserve currency, Right to Buy, rising living standards, scientific management, Scientific racism, South China Sea, Suez canal 1869, Suez crisis 1956, tacit knowledge, the market place, The Wealth of Nations by Adam Smith, trade route, transaction costs, transcontinental railway, undersea cable

To strengthen the export economy, he pressed on with the struggle to cut defence spending (‘It is defence expenditure that has broken our backs’, he had told Eden in March 1956),61 and the demands it imposed on the wider economy, not least through conscription. He was anxious to reassert Britain's authority in Europe – the aim behind ‘Plan G’ whose formulation had coincided with the intense preoccupation with Suez in late 1956. ‘The inner balance of Europe is essential to the balance of world power’, he declared as an axiom in March 1953.62 Finally, Macmillan turned a critical eye on the vast tail of dependencies that Britain still dragged in its wake. It is easy to exaggerate both the degree of Macmillan's detachment from the old ‘colonial mission’ and the coherence of his ideas about profit and loss on the colonial account.

.), Middle East, Part 3, p. 437: Minute by E. Shuckburgh, 23 September 1955. 87. Ibid., p. 447: Cabinet Conclusions, 4 October 1955. 88. Shuckburgh, Descent, p. 345. 89. Ibid., p. 346. 90. The best accounts of the Suez crisis can be found in D. Carlton, Anthony Eden (1981); W. R. Louis and R. Owen (eds.), Suez 1956: The Crisis and its Consequences (Oxford, 1989); K. Kyle, The Suez Conflict (1989); and D. J. Dutton, Anthony Eden: A Life and a Reputation (1997). D. R. Thorp, Eden: The Life and Times of Anthony Eden (2003), offers a more sympathetic view of Eden than most. The best recent short account is in R.

Fforde, Bank of England, p. 544. 97. See D. Kunz, The Economic Diplomacy of the Suez Crisis (Durham, NC, 1991), p. 132. 98. Fforde, Bank of England, p. 555. 99. For Commonwealth reactions, see J. Eayrs (ed.), The Commonwealth and Suez: A Documentary Survey (1964). 100. For a recent account, see Barry Turner, Suez 1956 (2006), which stresses the muddle and uncertainty of British operations. 101. See R. Worrall, ‘Britain and Libya: A Study of Military Bases and State Creation, 1945–1956’ (DPhil., Oxford University, 2007 ). Chapter 14 1. For two recent surveys, see S. Howe, ‘When If Ever Did Empire End? Internal Decolonization in British Culture since the 1950s’, in M.


Unfinished Empire: The Global Expansion of Britain by John Darwin

Alfred Russel Wallace, British Empire, classic study, colonial rule, Corn Laws, David Ricardo: comparative advantage, European colonialism, financial independence, friendly fire, full employment, imperial preference, Khartoum Gordon, Khyber Pass, Kowloon Walled City, land tenure, mass immigration, Nelson Mandela, open economy, plutocrats, principal–agent problem, quantitative easing, reserve currency, Right to Buy, Scientific racism, South China Sea, special economic zone, spice trade, Suez canal 1869, Suez crisis 1956, The Wealth of Nations by Adam Smith, too big to fail, trade route, transcontinental railway, union organizing

Louis and R. Owen (eds.), Suez 1956: The Crisis and its Consequences (Oxford, 1989). D. R. Thorpe, Eden: The Life and Times of Anthony Eden (London, 2003) offers a more sympathetic view of Eden. 32. See J. Eayrs (ed.), The Commonwealth and Suez: A Documentary Survey (London, 1964): the exceptions were Australia and New Zealand. 33. See W. R. Louis, ‘Public Enemy Number One: Britain and the United States in the Aftermath of Suez’, in his Ends of British Imperialism: The Scramble for Empire, Suez and Decolonisation (London, 2006). 34. Macmillan’s diary, 15 September 1956, P. Catterall (ed.), The Macmillan Diaries: The Cabinet Years 1950–1957 (London, 2003), p. 599. 35.

Until 1960, it was still possible to think that despite the war and its aftermath, and a growing unease about South Africa’s racial politics, a special relationship with the Old Commonwealth lay at the heart of Britain’s claim to world power. Australia and New Zealand had been vociferously loyal over Suez in 1956. Indeed, from one point of view, Australia’s relations with Britain became closer than ever because Canberra was London’s invaluable partner in developing and testing the British nuclear deterrent, at Woomera in South Australia. By 1970, however, the Old Commonwealth link had been greatly diluted where it had not vanished completely.


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Empire: What Ruling the World Did to the British by Jeremy Paxman

British Empire, call centre, Cape to Cairo, colonial rule, conceptual framework, Etonian, European colonialism, Fellow of the Royal Society, imperial preference, joint-stock company, Khartoum Gordon, Kibera, land tenure, Livingstone, I presume, mass immigration, offshore financial centre, polynesian navigation, Scramble for Africa, Suez canal 1869, Suez crisis 1956, transatlantic slave trade

II, p. 20. 265 ‘altogether a most’: Lindsay, The Crawford Papers, p. 590. 265 ‘It was I’: Quoted in McDonald, A Man of The Times, p. 149. 265 ‘Politicians don’t know’: New Statesman, 15 December 1956, quoted in James, The Rise and Fall of the British Empire, p. 580. 265 ‘The seizure is’: The Times and the Daily Mail, 28 July 1956, quoted in Pearson, Sir Anthony Eden and the Suez Crisis, p. 29. 266 ‘The United States’: Dulles press conference, quoted in ibid., p . 115. 267 ‘I want him murdered’: Quoted in Kyle, Suez, p. 99. 267 ‘Britain and the’: Daily Herald, 28 July 1956; quoted in Parmentier, ‘The British Press in the Suez Crisis’, p. 437, n. 12. 268 ‘I’m finished. I’: Quoted in Brendon, The Decline and Fall of the British Empire, p. 496. 268 ‘Your return is’: Quoted in Rhodes James, Anthony Eden, pp. 588–9. 268 ‘the same very’: Quoted in ibid., p. 592. 268 ‘For a moment’: Quoted in ibid., p. 594. 268 ‘The doctors have’: Quoted in ibid., p. 597. 270 ‘the Mecca of’: Quoted in Berman, Control and Crisis in Colonial Kenya, pp. 372–3. 271 ‘All government, all’: Quoted in Brendon, The Decline and Fall of the British Empire, p. 564. 272 ‘Are these people’: Quoted in Horne, Macmillan, vol.


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Can We Talk About Israel?: A Guide for the Curious, Confused, and Conflicted by Daniel Sokatch

activist lawyer, affirmative action, Albert Einstein, Berlin Wall, Boycotts of Israel, British Empire, cognitive dissonance, coronavirus, COVID-19, Donald Trump, European colonialism, facts on the ground, indoor plumbing, Live Aid, lockdown, mass immigration, Mikhail Gorbachev, Mount Scopus, one-state solution, Salesforce, Suez crisis 1956, the map is not the territory, Thomas L Friedman, traveling salesman, urban planning, Yom Kippur War, zero-sum game

The Israeli public, once largely supportive of the invasion of Lebanon, which they were told was meant to bring peace and quiet to Israel’s North, was now overwhelmingly against it, shocked at what had happened at Sabra and Shatila and furious at the government that had dragged them into the maelstrom of Lebanon’s civil war. Hundreds of Israeli soldiers had been killed in the fighting, as well as many thousands of Lebanese and Palestinian civilians. For the first time, Israelis felt (perhaps conveniently forgetting the Suez Campaign of 1956) that their country had initiated a war of choice as opposed to necessity. The traditional faith Israelis had had in their government and institutions, especially the IDF, was badly shaken. By September 1983, Begin, broken and depressed, resigned as prime minister in the midst of his term and withdrew from public life.


pages: 488 words: 150,477

Lemon Tree: An Arab, a Jew, and the Heart of the Middle East by Sandy Tolan

Albert Einstein, British Empire, Buy land – they’re not making it any more, colonial rule, disinformation, en.wikipedia.org, facts on the ground, illegal immigration, indoor plumbing, one-state solution, Suez crisis 1956, The Spirit Level, three-masted sailing ship, Yom Kippur War

The details on rationing and the role of the Ministry of Supply and Rationing come from the Israel Government Year Book for 1950, pp. 198-203, and was corroborated by the Eshkenazis" experience. The Year Book (p. 199) describes "a severance from former sources of supply—the markets of the British Empire . . ." The Egyptian restrictions in the Suez are mentioned on p. 220 of J. C. Hurewitz's The Historical Context for Suez 1956: The Crisis and Its Consequences. Dalia's memory of her early education about Arabs is corroborated by a review of Israeli school curriculum in The Arab-Israeli Conflict in Israeli History Textbooks, 1948 2000, by Elie Podeh, pp. 102-10. Nasser's appeal as third world leader and a leader of the Arab Nation is discussed in Sayigh's Armed Struggle and the Search for State, pp. 27-33.


pages: 851 words: 247,711

The Atlantic and Its Enemies: A History of the Cold War by Norman Stone

affirmative action, Alvin Toffler, Arthur Marwick, Ayatollah Khomeini, bank run, banking crisis, Berlin Wall, Bernie Madoff, Big bang: deregulation of the City of London, Bonfire of the Vanities, Bretton Woods, British Empire, business cycle, central bank independence, Deng Xiaoping, desegregation, disinformation, Dissolution of the Soviet Union, European colonialism, facts on the ground, Fall of the Berlin Wall, financial deregulation, Francis Fukuyama: the end of history, Frederick Winslow Taylor, full employment, gentrification, Gunnar Myrdal, Henry Ford's grandson gave labor union leader Walter Reuther a tour of the company’s new, automated factory…, Herbert Marcuse, illegal immigration, income per capita, interchangeable parts, Jane Jacobs, Joseph Schumpeter, junk bonds, labour mobility, land reform, long peace, low interest rates, mass immigration, means of production, Michael Milken, Mikhail Gorbachev, military-industrial complex, Mitch Kapor, Money creation, new economy, Norman Mailer, North Sea oil, oil shock, Paul Samuelson, Phillips curve, Ponzi scheme, popular capitalism, price mechanism, price stability, RAND corporation, rent-seeking, Ronald Reagan, Savings and loan crisis, scientific management, Seymour Hersh, Silicon Valley, special drawing rights, Steve Jobs, Strategic Defense Initiative, strikebreaker, Suez crisis 1956, The Death and Life of Great American Cities, trade liberalization, trickle-down economics, V2 rocket, War on Poverty, Washington Consensus, Yom Kippur War, éminence grise


pages: 801 words: 229,742

The Israel Lobby and U.S. Foreign Policy by John J. Mearsheimer, Stephen M. Walt

affirmative action, Ayatollah Khomeini, Boycotts of Israel, David Brooks, energy security, facts on the ground, failed state, invisible hand, low interest rates, oil shock, Project for a New American Century, Ralph Nader, Ronald Reagan, Seymour Hersh, Silicon Valley, Strategic Defense Initiative, Suez crisis 1956, Thomas L Friedman, uranium enrichment, Yom Kippur War

South Africa; apartheid in South Korea Soviet Jews Soviet Union; aid to Cuba by; and Cold War; collapse of; invasion of Afghanistan by; Israel and; nuclear weapons in; see also Russia Spain Spiegel, Der Spiegel, Steven; The Other Arab-Israeli Conflict: Making America’s Middle East Policy from Truman to Reagan Stahl, Lesley Stalin, Joseph Stand for Israel Stanford University “Star Wars,” State Department, U.S. State of Israel Bonds Stein, Kenneth Steinberg, Gerald Steiner, David Steinitz, Yuval Steinlight, Stephen Stephens, Bret Sternhell, Zeev Stevenson, Adlai stockpile program Straits of Tiran Sudan Suez Canal Suez War (1956) suicide terrorism Sunday Telegraph Sunday Times (London) Sunnis Sununu, John Suskind, Ron, The Price of Loyalty Symms, Steven Synagogue Council of America Syria; Assad regime in; and Golan Heights conflict; intelligence about; Israel and; Israel lobby and; Lebanon war (2006) and; U.S. policy toward; WMD programs in Syria Accountability Act Syrian Muslim Brotherhood Takeyh, Ray Taliban Tanzania, 1998 U.S. embassy bombing in Taub Foundation taxes Tehran Telhami, Shibley Tenet, George terrorism; increase in, due to Iraq war; Islamic; Lebanon war reinforcement of; offshore balancing strategy and; Palestinian; post–9/11; suicide; U.S.



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Atomic Obsession: Nuclear Alarmism From Hiroshima to Al-Qaeda by John Mueller

airport security, Albert Einstein, Black Swan, Cass Sunstein, classic study, conceptual framework, cuban missile crisis, Doomsday Clock, energy security, F. W. de Klerk, failed state, guns versus butter model, Herman Kahn, long peace, Mikhail Gorbachev, mutually assured destruction, nuclear taboo, nuclear winter, oil shock, Oklahoma City bombing, RAND corporation, Ronald Reagan, Seymour Hersh, side project, Strategic Defense Initiative, Suez crisis 1956, Timothy McVeigh, uranium enrichment, William Langewiesche, Yom Kippur War

However, where that fear is lacking—as with the Argentines when they launched military action against the interests of the (nuclear-armed) United Kingdom in 1982—war can come about. British nuclear retaliation was certainly possible, yet the Argentines apparently did not find it credible or relevant. Similarly, its nuclear weapons were scarcely of help, or relevance, to France in its war in Algeria, to Britain in its venture in Suez in 1956, or to the Soviet Union in its disaster in Afghanistan. Nor did Israel’s probable nuclear capacity restrain the Arabs from attacking in 1973 or help it during its lengthy intervention in the civil war in Lebanon or its armed conflicts with neighboring substate groups in 2006 and 2009. Nor did the Chinese find the bomb helpful in their brief and rather humiliating war against their erstwhile ally, Vietnam, in 1979.

Bundy 1984, 44–47; Bundy 1988, 232–33, 238–43. For the argument that Truman never made a threat, see Thorpe 1978, 188–95. See also Gaddis 1987, 124–29; Betts 1987, 42–47; Holloway 1994, 271. On Soviet leader Nikita Khrushchev’s fanciful conviction that his nuclear blandishments caused Britain and France to reverse their invasion at Suez in 1956, see Fursenko and Naftali 2006, 133–37. 13. Gaddis 1997, 107–10, emphasis in the original. 14. Halperin 1987, 30. George and Smoke 1974, 383. Betts 1987, 218–19. As for the Soviet-Chinese confrontations of the 1960s, Roy Medvedev notes Soviet fears of “war with a poorly armed but extremely populous and fanatical China” (1986, 50; see also Shevchenko 1985, 165–66; on many of these issues, see Bundy 1988).


pages: 488 words: 144,145

Inflated: How Money and Debt Built the American Dream by R. Christopher Whalen

Alan Greenspan, Albert Einstein, bank run, banking crisis, Bear Stearns, Black Swan, book value, Bretton Woods, British Empire, business cycle, buy and hold, California gold rush, Carl Icahn, Carmen Reinhart, central bank independence, classic study, commoditize, conceptual framework, Cornelius Vanderbilt, corporate governance, corporate raider, creative destruction, cuban missile crisis, currency peg, debt deflation, falling living standards, fiat currency, financial deregulation, financial innovation, financial intermediation, floating exchange rates, Ford Model T, Fractional reserve banking, full employment, Glass-Steagall Act, global reserve currency, housing crisis, interchangeable parts, invention of radio, Kenneth Rogoff, laissez-faire capitalism, land bank, liquidity trap, low interest rates, means of production, military-industrial complex, Money creation, money: store of value / unit of account / medium of exchange, moral hazard, mutually assured destruction, Nixon triggered the end of the Bretton Woods system, non-tariff barriers, oil shock, Paul Samuelson, payday loans, plutocrats, price stability, pushing on a string, quantitative easing, rent-seeking, reserve currency, Ronald Reagan, Savings and loan crisis, special drawing rights, Suez canal 1869, Suez crisis 1956, The Chicago School, The Great Moderation, too big to fail, trade liberalization, transcontinental railway, Upton Sinclair, women in the workforce


pages: 502 words: 128,126

Egypt Travel Guide by Lonely Planet

call centre, carbon footprint, Eratosthenes, friendly fire, haute cuisine, Khartoum Gordon, late fees, low cost airline, off grid, place-making, spice trade, Suez canal 1869, Suez crisis 1956, sustainable-tourism, Thales and the olive presses, trade route, urban planning, urban sprawl

When two small fleets, one originating in Port Said and the other in Suez, met at the new town of Ismailia on 16 November 1869, the Suez Canal was declared open and Africa was officially severed from Asia. Ownership of the canal remained in French and British hands for the next 86 years until, in the wake of Egyptian independence, President Gamal Abdel Nasser nationalised the Suez in 1956. The two European powers, in conjunction with Israel, invaded Egypt in an attempt to retake the waterway by force. In what came to be known as the ‘Suez Crisis’, they were forced to retreat in the face of widespread international condemnation. Today, the Suez Canal remains one of the world’s most heavily used shipping lanes.


pages: 356 words: 97,794

The Biggest Prison on Earth: A History of the Occupied Territories by Ilan Pappé

Boycotts of Israel, British Empire, facts on the ground, friendly fire, ghettoisation, low skilled workers, Mount Scopus, New Urbanism, offshore financial centre, one-state solution, Panopticon Jeremy Bentham, Suez crisis 1956, Thomas Kuhn: the structure of scientific revolutions, urban planning, urban sprawl, Yom Kippur War

William 43, 61, 75 Galili, Israel 32–3, 64, 96 Gaza Strip xiii, xv, xvi–xvii, xix, xxviii–xxix, 2–3, 6 and Alon 91–2, 93 and Cast Lead 213–14 and citizenship xxvi and colonization 79–80, 98–100 and curfews 182–4 and division 204 and economics 105–6 and Egypt 12 and genocide 219–21, 223–4, 228–9 and Israeli rule xx, xxi, xxv, 46–7, 48–50, 77–8 and Jabaliyya camp 175, 176 and legal system 139–45 and living standards 170, 218–19 and militarization 214–15 and missile strikes 215–16, 225–8 and peace negotiations 1 and refugees 53–4, 115 and resistance 135–6 and Sharon 108–9 and Six-Day War 39, 42 and violence 188 and West Bank 127 Gazit, Shlomo xvi, 128, 138, 187 Geneva Convention xv, xvii, 87, 99, 126, 133, 140 genocide 3, 10, 219–21, 223–4 Givat Ram (Hill of Ram) xi–xiii, xx Givati, Haim 37, 98 Glahn, Gerhard von xvii Gluska, Ami 38 Golan Heights 29, 77 Goldberg, Arthur 41, 61 government 49–52, 54, 68–70 and 1967 policies xx–xxii, xxiii–xxv, xxvii–xxviii, 1–2, 4, 116–28 see also Labour party; Likud Granit Plan xvii Great Britain xiii, xxiii, 10, 12, 17, 70 and Egypt 14 and Jerusalem 83 and Palestinians 107, 109 and refugees 113 and Suez campaign 16 see also British Mandate; 1945 Mandatory regulations Green Line 140–1 guerrilla operations 25–6, 27 Gulf War (1991) 22, 195 Gush Emunim 130, 131–4, 155 Gush Etzion 56, 131 Haaretz (newspaper) 64, 77, 225 Haetzni, Eliakim 73 Hague Convention xvii, 178–9 Halutz, Dan 213 Hamas 177–8, 189, 191–2, 213, 217 and Gaza Strip 222, 224, 226 and retaliation 214, 215–16 Hammarskjöld, Dag 21, 25, 31 Hashemite Kingdom, see Iraq; Jordan Hashud (‘suspect’) 109–10 Hebrew University xi, xii–xiii, xiv, xvi–xvii, 84–5 Hebron 24, 56, 92, 102, 116 and Khalil 130–1, 161 Helms, Richard 34–5, 36 Herzl, Theodor 55 Herzog, Chaim xv–xvi, 77, 113, 121 Hezbollah 207, 213, 217 hijackings 134, 158 Histadrut (trade union) 106, 148 Holocaust, the xxiii, 10, 33, 220 Huberman, Hagai 136 human rights 116, 139, 170, 185–6, 209; see also B’Tselem Hussein of Jordan, King 17, 25, 39–40, 42, 50 al-Husseini, Faisal 86, 195, 245 n. 10 al-Husseini, Haj Amin 10 Inbar, Zvi xv, xix, 139 informers 110 international law xv, 87–8, 100–1, 139, 141, 171 and Alon 92–3 and punishment 178–9 see also Geneva Convention International Red Cross xxiii, 126 Intifadas xxi first (1987) 5, 77, 168, 169–70, 173–9, 192–3 second (2000) 113, 206–8 Iraq 13, 17, 20, 23 Islam xiii, 177, 178 Islamic Jihad 191, 216 Israel xx–xxii, xxiii, xxiv, 2–3, 5–7, 10–11 and Arab states 13–15 and Egypt 134 and expansionism xxv, 11–12, 21–3 and image 70–1, 72–3 and independence day 182–4 and Jordan 20–1 and law xv and Lebanon 158, 159 and occupied territories 46–50 and provocations 24–5, 28–9 and self-defence 30–2 and Syria 18–19, 27–8 and USA 33–6 see also government Israel Defense Forces (IDF) xiii, xiv, xxi, 32–3, 35 and colonization 97 and elite units 185–6 and Eshkol 38 and expulsions 118, 121, 124 and Gaza Strip 223, 224 and Haruv (‘Carob’) 110 and iron fist policy 167 and second Intifada 207 and Six-Day War 43 and terrorism 192 and 2006 attacks 217–18, 220 and weaponry 18 Israeli air force 26, 27–8, 29 Israeli army, see Israel Defence Forces; military rule Israeli Communist party 73 Israeli-Palestinian Federation 73 Italy 71 Jenin 56 Jericho 116, 120–2 Jerusalem 24, 45, 162, 179–80 and Alon 92 and annexation 56–9, 60–1, 62–6 and checkpoints 185 and expropriation 80–8 and Hebraization 74 and land 143, 164 and Six-Day War 40, 41 and wedges 97–8 see also Givat Ram; Old City Jewish Agency 94 Jewish National Fund (JNF) 85, 98, 136 Jewish settlers 1, 7, 80 and Gaza Strip 98–100, 135–6, 215 and Golan Heights 29 and Gush Emunim 130–3 and Jerusalem 56, 81, 83, 84–5 and Jordan Valley 95–6 and violence 161, 187–8, 197 and West Bank 155–7 Jibril, Ahmed 169 Johnson, Lyndon B. 26, 33, 34–5, 60, 74 and Jerusalem 61, 63 Jordan xii, xiii–xiv, xv, xxvi, 197 and Alon 23–4, 90–1, 92 and Hussein 17 and land 95 and Palestinians 51 and PLO 134–5, 167 and refugees 114–15, 118 and River Jordan 48 and Six-Day War 39–41, 42 and West Bank 11, 12–13, 20–1, 50 Jordan Valley 48, 91, 92, 95–6, 153 Judaization 56, 58, 80, 82, 84, 93–4 Judea and Samaria, see West Bank judiciary xix, 4, 189, 190–1 Kadima party 221–2 Kanafani, Ghassan 207–8 Kenan, Amos 119–20 Kenen, Isaiah ‘Si’ 43 Kennedy, John F. 60 Khalaf, Karim 161 al-Khatib, Yusuf 160 kibbutzim movement 95, 119–20, 123, 136 Knesset (parliament) xi, xii, xx, 39, 58, 65 Kol, Moshe 48, 64, 68, 123, 124 Kook, Rabbi Abraham Yitzhak 131 Kook, Rabbi Zvi Yehuda 131–2 labour market 52, 105–6, 146, 147–9, 168–9, 186–7 Labour party 50, 129–31, 132–4, 150–1, 194 Lajnat al-Tawjih 159 land 142–4, 152–3, 162–4 and expropriation 11, 80–8, 94–5 Landau, Eli 109 Latrun 116, 117, 119–20 Lebanon 20, 23, 135, 166, 167 and civil war 158, 159 and 2006 war 217, 220, 225 legal system 139–45, 189–93 Lenczowski, George 59 Liberty, USS 59–60, 65–6 Lieberman, Avigdor 103, 221 Likud 96, 130, 142, 154–6 Ma’arach (‘Alliance’) 130 MacBride, Seán 166 Madrid Conference (1991) 195 al-Majali, Habis 40 Malley, Robert 205 Mapai party, see Labour party Mapam party xx, 53, 122–3 marketing 47, 65, 66–7, 68–71 maximum security prison xxviii, xxix, 5, 6, 92–3, 138 media, the xxiii, xxix, 22, 64, 70, 186 and Dayan 71–2 and dual language 113 mega-prison xix, xx, xxvii–xxviii, xxx, 4–6, 7, 79–80 Meir, Golda 96, 129–30, 133–4 Merkaz Harav institute 131–2 military rule xiii, xiv, xvi, xvii–xix, xxvi, 18 and the law 100–1, 140–2 and Sharon 160 Milson, Menachem 160, 161 missile strikes 214, 215–16, 222, 225–8 Mitchell, George J. 208 Mizrahi Jews 154, 155 Moledet party 42 Mollet, Guy 16 Mordechai, Yitzhak 157 Mossad 34, 35, 190–1 Mount Scopus (Jerusalem) xii, 22 Munich massacre 110, 135 Muslim Brotherhood 177 Nablus 24, 56, 92, 132 Narkiss, Uzi xvi, 41, 77, 149 Nasser, Gamal Abdel xiii, 13, 14, 15, 23, 28, 44 and Sinai Peninsula 25, 29, 30, 31, 32, 33 Nathan, Abie 73 NATO 19 Nazi Germany xviii, 10 Negev 14–15, 213–14 Netanyahu, Benjamin 146, 196, 199–200, 211 9/11 attacks 178 1945 Mandatory regulations xiv, xv, xviii–xix 1967 war, see Six-Day War 1973 war, see Yom Kippur War Nitzan, Yehuda 138 Nixon, Richard 74 nuclear weapons 19 Nusseibeh, Sari 76 Obama, Barack 210 occupation xvii–xviii, 2–3, 104–6 Occupation of Enemy Territory: a Commentary on the Law and Practice of Belligerent Occupation, The (von Glahn) xvii Occupied Territories, see Gaza Strip; Golan Heights; Sinai Peninsula; West Bank Old City 112–14 Olmert, Ehud 165, 197, 218 open-air prison xxviii, xxix, 5, 6, 7 and Alon 92, 101–2 and CDG 138 and economics 146–50 and marketing 47 and working rights 167–9 operations: Cast Lead (2008–9) 71, 213–14 First Rain (2005) 214–16 Moked (1965) 26, 41 Pillar of Defense (2012) 227 Protective Edge (2014) 228 Returning Echo (2012) 227 Rotem (1960) 24, 25 Yevusi (1948) xiii Oslo Accord xxi, 83, 192–3, 194, 195–197 and failure 198–201 and land 164 and refugees 202–4 Ottoman law 95 Palestine xi–xii, xiii, xxii, xxiii–xxv and imprisonment xxvii–xxviii and military rule xvii–xviii and 1966 raids 26–7 and occupation 45–6 and partition 197–9 and Syria 25–6 and UN 10 and withdrawal 73–5 see also Gaza Strip; West Bank Palestine Authority (PA) 7, 209, 210 Palestine Liberation Army (PLA) 145 Palestine Liberation Organization (PLO) xxvi, 5, 76, 134–5, 157–8 and assassinations 110 and assistance 145 and de-terrorization 192 and Intifada 174–5 and Lebanon 166, 167 and Oslo Accord 194–5 and Sharon 159, 161 see also Arafat, Yasser Palestinians 1, 7 and annexation 50–3 and citzenship 102 and containment 121–2 and deportations 170–1 and detention 189–90 and downsizing 118–19 and freedom of movement 179–82, 209 and Jerusalem 56–7, 82–8, 98 and labour 105–6 and 1948 expulsion 9–11 and 1967 expulsion 71 and punishment 109–10 and resettlement 54–5, 221–2 and resistance 76–7, 92–3, 103, 106–7, 134–6 and rewards 145–6 and right to return 200–3 and sects 107–8 see also Intifadas; refugees pan-Arabism 13, 14, 17 Panopticon xxvii, xxviii Patenkin, Don 79 Paul VI, Pope 66 peace process xxviii–xxix, 5–6, 53, 195 and dual language 49 and Egypt 14–15 and marketing 68, 69 and 1970s 110–11, 151–2 and Obama 210–1 and partition 197–8 and refugees 201–3 and USA 62–3 see also Camp David Summit; Oslo Accord Peres, Shimon 129, 133, 144, 194 Plan Dalet (1948) 9–10 Popular Front for the Liberation of Palestine (PFLP) 80–1, 169 Porath, Elisha 152–3 prisons xxvi, xxvii–xxix, 4 propaganda 33, 53 protests xviii–xix, 190 punishment 26–7, 106–7, 108–10, 182–4, 186–7 Al-Qaeda 217 Qalqilya 116–17, 118–19 Rabin, Yitzhak 29–30, 32, 37, 96, 98, 117 and assassination 155, 200 and Intifadas 169–70, 175 and legal system 188, 190 and Oslo Accord 194 and Six-Day War 41, 42 refugees 6, 15, 66–8, 76, 92, 113 and Gaza Strip 45, 53–5, 99 and Jordan 114–15, 118 and peace process 201–3 repatriation 118, 121, 123–4, 125 Riad, Gen Abd al-Munim 40 Right to Return 200–3 River Jordan 25, 28, 48, 90 and bridges 126, 146, 209 Rogers, William 110 Rokach, Livia 16 Rostow, Walt 72 Rusk, Dean 65 Sabra and Shatila massacre 164, 166 Sadat, Anwar 69, 154 Sadiq, Abdel-Rahman 14 Said, Hussein Ghassan 166 Samu 27 Sapir, Pinchas 37, 52, 55, 105–6, 119, 146–7 Sasson, Eliyahu 35, 48, 51, 67, 68 Schiff, Ze’ev 109, 169 secret service, see Mossad secularism xxi Seven Stars programme 103 Shabak (General Security Services) xviii, 75, 110 Shacham, Mishael xiv, xv, xvi, xviii Shacham Plan xiv–xvii, 139 Shalit, Gilad 222 Shamgar, Col Meir 139–40 Shapira, Haim Moshe 58, 123, 124 Shapira, Yaacov Shimshon 36, 71, 100–1, 115, 123 Shaq’a, Bassam 161 Sharett, Moshe 12, 13–15 Sharon, Ariel xiv, 49, 91, 142, 158–60, 221–2 and colonization 161, 162–5 and Gaza Strip 98, 99, 135, 136, 215 and PLO 166–7 and punishment 108–9 and Temple Mount tour 206, 208 and Wadi Ara 103 Shefi, Maj Dov 139 Shehadeh, Aziz 76 Shehadeh, Raja 76–7 Sheikh al-Badr xi–xii Shelah, Ofer 206–7 Shoham, David xvi Siboni, Col Gabi 225 Silwan 114 Simon, Ernest 19 Sinai Peninsula xiii, 16 and Egypt 24, 25, 29–30, 31, 32, 33, 36 Six-Day War xii, xvi–xvii, 39–44, 77 Southern Lebanese Army (SLA) 158 Soviet Union (USSR) 14, 23, 33, 34, 43 and borders 65, 68 and peace process 151–2 and Syria 26, 28 Straits of Tiran 23, 29, 30, 36 Suez campaign (1956) 16–17 Sufian, Fatmah Hassan Tabashe 183–4 suicide bombs xxx, 83, 189, 192, 206 Supreme Court of Israel xx, 141–2, 163 Susser, Leslie 81 Syria 17, 18–19, 20, 23, 44 and Israel 24, 25–6, 27–8, 29 and peace process 53, 62 Tafakji, Khalil 81, 82 Tal, Israel 42 taxation 82, 140, 156, 190 Tekoah, Yosef 126 terrorism 83, 109, 134, 135, 192, 224; see also suicide bombs U Thant 25, 31, 43 torture 142, 186 trade 105, 106, 146, 150 trade unions, see Histadrut Tripartite Declaration (1950) 17 Tul Karem 116, 117, 118–19 ultra-Orthodox Jews 155–6 UN Special Commission on Palestine (UNSCOP) 197 Unified National Leadership 174–5 United Nations (UN) xxiii, xxv, 2, 10, 210 and first Intifada 174, 176 and Gaza Strip 228 and human rights 116 and May Protocol (1949) 201 and peace process 68, 70 and refugees 76 and 2012 resolution 126 and UNIFIL 158 and withdrawal 75 see also Hammarskjöld, Dag; U Thant United Nations Relief and Works Agency (UNRWA) 51, 53–4, 67–8, 114 United States of America (USA) xxviii, 21, 23 and aid 26, 105 and arms 72, 130 and Egypt 14, 15 and expulsions 71 and Hamas 191 and Intifadas 176 and Israel 17, 18, 19–20, 33–6 and Jerusalem 59, 60–3, 88 and Jewish community 37 and Liberty, USS 65–6 and peace process 5, 68, 151–2, 195 and Six-Day War 41, 42–3 and withdrawal 74–5 USSR, see Soviet Union Vardi, Col Rehavia 138 Vatican, the 66 Village Leagues 160–1 voluntary transfer 54, 56–7, 121 Wadi Ara 102–3 war crimes 87, 92 War on Terror 62, 178 water 54–5, 187 weaponry 18, 19, 26, 72, 130 wedges 95–100, 185 Weitz, Raanan 94 Weitz, Yosef 94, 127 Weizman, Eyal 83 Weizman, Ezer 158–9 West Bank xiii, xiv–xvii, xix, 2–3, 208–12, 221 and Alon 90–2, 93, 96–7, 102 and Ben-Gurion 21–2 and citizenship xxvi and colonization 79–80 and division 55–6, 204 and economics 146–50 and Gaza Strip 127 and imprisonment xxviii–xxix and Israeli rule xx, xxi, xxv, 46–7, 48–50, 77–8 and Jewish settlers 130–4, 155–7 and Jordan 11, 12–13, 20–1, 24 and legal system 139–45 and living standards 170 and Olmert 218 and open-air prison 6 and peace negotiations 1 and Six-Day War 39–40, 41, 42 and Suez campaign 16–17 and violence 188 see also Jerusalem Wilson, Harold 70 Wolfe, Patrick 3 women 193 Yaacobi, Gad 167 Yaalon, Moshe ‘Bogie’ 227 Ya’ari, Ehud 169 Yariv, Aharon 37 Yassin, Sheikh Ahmed 177, 189, 191 Yemenite Jews 113–14 Yeshayahu, Israel 113–14, 123 Yom Kippur War (1973) 144, 151 Ze’evi, Rehavam 42, 80–1 Zionists xviii, xxiii, 9–10, 55, 89, 197 and anti-occupation 171–2 and ideologies xx–xxii, 4 and withdrawal 74 Zohar, Uri 73 Zur, Zvi 137 A Oneworld book First published in North America, Great Britain and Australia by Oneworld Publications, 2017 This ebook edition published 2017 Copyright © Ilan Pappe, 2017 The moral right of Ilan Pappe to be identified as the Author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988 All rights reserved Copyright under Berne Convention A CIP record for this title is available from the British Library ISBN 978-1-85168-587-5 eISBN 978-1-78074-433-9 Typeset by Hewer Text UK Ltd, Edinburgh Oneworld Publications 10 Bloomsbury Street London WC1B 3SR England



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pages: 264 words: 74,313

pages: 826 words: 231,966

GCHQ by Richard Aldrich

belly landing, Berlin Wall, Bletchley Park, British Empire, Charles Babbage, colonial exploitation, cuban missile crisis, disinformation, friendly fire, illegal immigration, index card, it's over 9,000, lateral thinking, machine translation, Menlo Park, Mikhail Gorbachev, Neil Kinnock, New Journalism, operational security, packet switching, private military company, Robert Hanssen: Double agent, Ronald Reagan, Seymour Hersh, social intelligence, South China Sea, Suez crisis 1956, undersea cable, unit 8200, University of East Anglia, Yom Kippur War, Zimmermann PGP

Britain had engaged in an elaborate plot with the French and the Israelis which hid the real reasons for the intervention by presenting it as the arrival of a so-called ‘peace-keeping’ force for the disputed Suez Canal Zone. Eisenhower and his Secretary of State John Foster Dulles were astonished by Anglo–French–Israeli collusion over Suez. In the autumn of 1956 Washington’s eyes were elsewhere, distracted by the uprising in Hungary, while in the Middle East its focus was on the possible breakup of Jordan and the likelihood of Israeli and Arab attempts to divide the spoils. American U-2 flights out of Turkey detected an Israeli mobilisation, but this was interpreted by some as part of Israeli ambitions on the West Bank.


pages: 1,477 words: 311,310

The Rise and Fall of the Great Powers: Economic Change and Military Conflict From 1500 to 2000 by Paul Kennedy

agricultural Revolution, airline deregulation, anti-communist, banking crisis, Berlin Wall, book value, Bretton Woods, British Empire, cuban missile crisis, deindustrialization, Deng Xiaoping, disinformation, European colonialism, floating exchange rates, full employment, German hyperinflation, Great Leap Forward, guns versus butter model, Herman Kahn, imperial preference, industrial robot, joint-stock company, laissez-faire capitalism, long peace, means of production, military-industrial complex, Monroe Doctrine, mutually assured destruction, night-watchman state, North Sea oil, nuclear winter, oil shock, open economy, Peace of Westphalia, Potemkin village, price mechanism, price stability, RAND corporation, reserve currency, Ronald Reagan, Silicon Valley, South China Sea, South Sea Bubble, spice trade, spinning jenny, stakhanovite, Strategic Defense Initiative, Suez canal 1869, Suez crisis 1956, The Wealth of Nations by Adam Smith, trade route, University of East Anglia, upwardly mobile, zero-sum game

This ambitious scheme was swiftly halted by Khrushchev, who saw no purpose in building large, expensive warships in an age of nuclear missiles; in this his views were identical to those of many politicians and air marshals in the West. What probably shook that assumption was the repeated examples of the use of surface sea power by Russia’s most likely foes—the Anglo-French sea-based attack upon Suez in 1956, the landing of U.S. forces in Lebanon in 1958 (thus checking the Russian-backed Syrians), and especially the cordon sanitaire which American warships placed around Cuba in the tense confrontation of the missile crisis of 1962. The lesson which the Kremlin (urged on by the influential Admiral Gorschkov) drew from these incidents was that until Russia also possessed a powerful navy, it would continue to be at a serious disadvantage in the world-power stakes—a conclusion reinforced by the U.S.

The frailty of Britain’s international and economic position was partially disguised in the early post-1945 period by the even greater weakness of other states, the prudent withdrawals from India and Palestine, the short-term surge in exports, and the maintenance of empire in the Middle East and Africa.226 The humiliation at Suez in 1956 therefore came as a greater shock, since it revealed not only the weakness of sterling but also the blunt fact that Britain could not operate militarily in the Third World in the face of American disapproval. Nonetheless, it can be argued that the realities of decline were still disguised—in defense matters, by the post-1957 policy of relying upon the nuclear deterrent, which was far less expensive than large conventional forces yet suggested a continued Great Power status; and in economic matters, by the fact that Britain also shared in the general boom of the 1950s and 1960s.


pages: 491 words: 131,769

Crisis Economics: A Crash Course in the Future of Finance by Nouriel Roubini, Stephen Mihm

Alan Greenspan, Asian financial crisis, asset-backed security, balance sheet recession, bank run, banking crisis, barriers to entry, Bear Stearns, behavioural economics, Berlin Wall, Bernie Madoff, Big bang: deregulation of the City of London, Black Swan, bond market vigilante , bonus culture, Bretton Woods, BRICs, British Empire, business cycle, call centre, capital controls, Carmen Reinhart, central bank independence, centralized clearinghouse, collapse of Lehman Brothers, collateralized debt obligation, corporate governance, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency risk, dark matter, David Ricardo: comparative advantage, debt deflation, Eugene Fama: efficient market hypothesis, Fall of the Berlin Wall, fiat currency, financial deregulation, financial engineering, financial innovation, Financial Instability Hypothesis, financial intermediation, full employment, George Akerlof, Glass-Steagall Act, global pandemic, global reserve currency, Gordon Gekko, Greenspan put, Growth in a Time of Debt, housing crisis, Hyman Minsky, information asymmetry, interest rate swap, invisible hand, Joseph Schumpeter, junk bonds, Kenneth Rogoff, laissez-faire capitalism, liquidity trap, London Interbank Offered Rate, Long Term Capital Management, Louis Bachelier, low interest rates, margin call, market bubble, market fundamentalism, Martin Wolf, means of production, Minsky moment, money market fund, moral hazard, mortgage debt, mortgage tax deduction, new economy, Northern Rock, offshore financial centre, oil shock, Paradox of Choice, paradox of thrift, Paul Samuelson, Ponzi scheme, price stability, principal–agent problem, private sector deleveraging, proprietary trading, pushing on a string, quantitative easing, quantitative trading / quantitative finance, race to the bottom, random walk, regulatory arbitrage, reserve currency, risk tolerance, Robert Shiller, Satyajit Das, Savings and loan crisis, savings glut, short selling, South Sea Bubble, sovereign wealth fund, special drawing rights, subprime mortgage crisis, Suez crisis 1956, The Great Moderation, The Myth of the Rational Market, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, too big to fail, tulip mania, Tyler Cowen, unorthodox policies, value at risk, We are all Keynesians now, Works Progress Administration, yield curve, Yom Kippur War


pages: 329 words: 102,469

pages: 352 words: 98,561

Egypt Travel Guide by Lonely Planet

call centre, carbon footprint, Eratosthenes, friendly fire, G4S, haute cuisine, Khartoum Gordon, late fees, low cost airline, spice trade, Suez canal 1869, Suez crisis 1956, sustainable-tourism, Thales and the olive presses, trade route, urban planning, urban sprawl

When two small fleets, one originating in Port Said and the other in Suez, met at the new town of Ismailia on 16 November 1869, the Suez Canal was declared open and Africa was officially severed from Asia. Ownership of the canal remained in French and British hands for the next 86 years until, in the wake of Egyptian independence, President Gamal Abdel Nasser nationalised the Suez in 1956. The two European powers, in conjunction with Israel, invaded Egypt in an attempt to retake the waterway by force. In what came to be known as the ‘Suez Crisis’, they were forced to retreat in the face of widespread international condemnation. Today, the Suez Canal remains one of the world’s most heavily used shipping lanes and toll revenues represent one of the largest contributors to the Egyptian state coffers with more than 50 ships passing through the Suez each day.


pages: 383 words: 105,387

The Power of Geography: Ten Maps That Reveal the Future of Our World by Tim Marshall

Apollo 11, Ayatollah Khomeini, Boris Johnson, Brexit referendum, British Empire, carbon footprint, centre right, clean water, coronavirus, COVID-19, David Sedaris, disinformation, Donald Trump, drone strike, Elon Musk, European colonialism, failed state, glass ceiling, global pandemic, Great Leap Forward, Jeff Bezos, Johannes Kepler, low earth orbit, Malacca Straits, means of production, megaproject, Mikhail Gorbachev, mutually assured destruction, Neil Armstrong, new economy, New Urbanism, Ronald Reagan, Silicon Valley, South China Sea, sovereign wealth fund, space junk, Strategic Defense Initiative, Suez canal 1869, Suez crisis 1956, trade route, uranium enrichment, urban planning, women in the workforce

In chess terms, the king will still be the USA, and the queen will be the USA’s foreign policy as it moves around the board. Britain can be a knight, capable of making its own moves, but major British decisions will have to be referred to the king and queen to see how they fit with America’s game strategy. The lessons of the Suez debacle in 1956 showed that Washington is prepared to sacrifice its own ally. However, that is an extremely rare event and Britain does have a built-in advantage in remaining a key player – the geography and politics of the last three centuries are still relevant. The UK is a member of the ‘Five Eyes’ intelligence-sharing community along with the USA, Canada, Australia and New Zealand.


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Business Adventures: Twelve Classic Tales From the World of Wall Street by John Brooks

banking crisis, belling the cat, Bretton Woods, business climate, Cornelius Vanderbilt, cuban missile crisis, Ford paid five dollars a day, Gunnar Myrdal, invention of the wheel, large denomination, lateral thinking, margin call, Marshall McLuhan, plutocrats, pneumatic tube, short selling, special drawing rights, Suez crisis 1956, tulip mania, upwardly mobile, very high income

The 1944 international financial conference at Bretton Woods—out of which emerged not only the International Monetary Fund but also the whole structure of postwar monetary rules designed to help establish and maintain fixed exchange rates, as well as the World Bank, designed to ease the flow of money from rich countries to poor or war-devastated ones—stands as a milestone in economic coöperation comparable to the formation of the United Nations in political affairs. To cite just one of the conference’s fruits, a credit of more than a billion dollars extended to Britain by the International Monetary Fund during the Suez affair in 1956 prevented a major international financial crisis then. In subsequent years, economic changes, like other changes, tended to come more and more quickly; after 1958, monetary crises began springing up virtually overnight, and the International Monetary Fund, which is hindered by slow-moving machinery, sometimes proved inadequate to meet such crises alone.


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The Silk Roads: A New History of the World by Peter Frankopan

access to a mobile phone, Admiral Zheng, anti-communist, Ayatollah Khomeini, banking crisis, Bartolomé de las Casas, Berlin Wall, bread and circuses, British Empire, clean water, Columbian Exchange, credit crunch, cuban missile crisis, Deng Xiaoping, discovery of the americas, disinformation, drone strike, dual-use technology, energy security, European colonialism, failed state, financial innovation, Isaac Newton, land reform, Mahatma Gandhi, Malacca Straits, mass immigration, Mikhail Gorbachev, Murano, Venice glass, New Urbanism, no-fly zone, Ronald Reagan, sexual politics, South China Sea, spice trade, statistical model, Stuxnet, Suez crisis 1956, the built environment, the market place, The Wealth of Nations by Adam Smith, too big to fail, trade route, transcontinental railway, uranium enrichment, wealth creators, WikiLeaks, yield management, Yom Kippur War

Horne, Macmillan: The Official Biography (London, 2008), p. 447. 17Cited by McNamara, Britain, Nasser and the Balance of Power, p. 46. 18McNamara, Britain, Nasser and the Balance of Power, pp. 45, 47. 19‘Effects of the Closing of the Suez Canal on Sino-Soviet Bloc Trade and Transportation’, Office of Research and Reports, Central Intelligence Agency, 21 February 1957, Freedom of Information Act Electronic Reading Room, Central Intelligence Agency. 20Kirkpatrick to Makins, 10 September 1956, FO 800/740. 21Papers of Dwight David Eisenhower: The Presidency: The Middle Way (Baltimore, 1970), 17, p. 2415. 22See here W. Louis and R. Owen, Suez 1956: The Crisis and its Consequences (Oxford, 1989); P. Hahn, The United States, Great Britain, and Egypt, 1945–1956: Strategy and Diplomacy in the Early Cold War (Chapel Hill, NC, 1991). 23Eisenhower to Dulles, 12 December 1956, in P. Hahn, ‘Securing the Middle East: The Eisenhower Doctrine of 1957’, Presidential Studies Quarterly 36.1 (2006), 39. 24Cited by Yergin, The Prize, p. 459. 25Hahn, ‘Securing the Middle East’, 40. 26See above all S.


Arabs: A 3,000 Year History of Peoples, Tribes and Empires by Tim Mackintosh-Smith

Ayatollah Khomeini, British Empire, colonial rule, disinformation, domestication of the camel, Donald Trump, European colonialism, Francis Fukuyama: the end of history, George Santayana, invention of movable type, Kickstarter, lateral thinking, liberation theology, Malacca Straits, mass immigration, New Urbanism, out of africa, Pax Mongolica, plutocrats, post-truth, Scramble for Africa, Suez canal 1869, Suez crisis 1956, trade route

export of aromatics and other products (i), (ii), (iii), (iv), (v), (vi) languages (i), (ii), (iii), (iv); see also Saba and Sabaeans, Sabaic language script (i), (ii), (iii), (iv) South-East Asia see East Indies Spain (i), (ii), (iii); see also al-Andalus Spanish language (i), (ii), (iii) Spanish Sahara see Western Sahara Sri Lanka (i), (ii) Stack, Sir Lee (i) Standard Oil Company (i) Stark, Freya (i) Stephenson, Robert (i), (ii) Stern Gang (i) Strabo (i) Sudan and the Sudanese (i), (ii), (iii), (iv), (v), (vi) Suez (i), (ii), (iii) Canal (i), (ii), (iii), (iv), (v), (vi), (vii), (viii) Crisis (1956) (i), (ii) Sufis and Sufism (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix) Sulawesi (i) Sulaym, Banu (tribe) (i) Sulayman b. Abd al-Malik, Caliph (i), (ii) Sulayman al-Mahri (i) sultan, meaning of (i) su’luks see ‘vagabonds’ Sumatra (i), (ii), (iii), (iv), (v) sunnah, meanings of (i), (ii), (iii), (iv), (v) Sunnah and Sunnis (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x), (xi), (xii), (xiii), (xiv); see also Shi’ah–Sunnah relations Surabaya (i) al-Suyuti (i), (ii), (iii) Swahili coast (i), (ii) Swahili language (i) Sykes–Picot Agreement (i), (ii), (iii) Syr Darya (Jaxartes) River (i) Syria (i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x), (xi), (xii), (xiii), (xiv), (xv), (xvi), (xvii), (xviii), (xix), (xx), (xxi), (xxii), (xxiii), (xxiv), (xxv), (xxvi), (xxvii), (xxviii), (xxix), (xxx), (xxxi), (xxxii), (xxxiii), (xxxiv), (xxxv), (xxxvi), (xxxvii), (xxxviii), (xxxix), (xl), (xli), (xlii), (xliii), (xliv), (xlv), (xlvi), (xlvii), (xlviii), (xlix), (l), (li), (lii), (liii), (liv), (lv), (lvi), (lvii), (lviii), (lix), (lx), (lxi), (lxii), (lxiii), (lxiv), (lxv), (lxvi), (lxvii), (lxviii), (lxix), (lxx), (lxxi), (lxxii), (lxxiii), (lxxiv), (lxxv), (lxxvi), (lxxvii), (lxxviii), (lxxix), (lxxx), (lxxxi), (lxxxii) Syriac language and script (i), (ii), (iii), (iv), (v), (vi), (vii) Syrian Orthodox Church (i) Ta’abbata Sharran (i) al-Tabari (i), (ii) Tabaristan (i) Tabua (i) Taghlib (tribe) (i), (ii), (iii), (iv), (v) Taha, Mahmud Muhammad (i), (ii) Tahart (i) al-Tahtawi (i) al-Ta’if (i), (ii), (iii), (iv) Ta’izz (i) Tajikistan (i) Ta’lab (deity) (i) Talas (Taraz), battle of (i) Talhah (i) Tamerlane see Timur Lang Tamil Nadu (i) Tamim (tribe) (i), (ii), (iii) Tang dynasty and period (i), (ii), (iii), (iv) Tangier (i), (ii), (iii) Tanukh (tribe) (i), (ii) Tanzania (i), (ii) Tarifah (i), (ii), (iii), (iv), (v) Tariq b.

For the time being, however, he was too busy at home to pursue that wider aim – busy using his charm to disarm his own people (they had liked the fatherly General Neguib), arming himself against the Israelis, looking for finance for the Aswan Dam, and mucking out the Augean stable of corruption that was Cairo. What would change everything, giving Nasser an intercontinental audience and inspiring him to gather the word of Arabs everywhere, was Suez. In July 1956 the Americans, true to their threat, withdrew the offer of funding for the Aswan Dam. A week later Nasser nationalized the Suez Canal Company, on the grounds that its takings would go towards making up the shortfall of $200 million for the dam. At this, Britain, France and Israel got together and did a secret deal.

And I banged my book shut. A VERY TEMPORARY MARRIAGE The Balfour Declaration; mandates and military bases; client-kings, fat-cat courts and cabinets; the British in Palestine; the French in Algeria, where a bloody war for independence had begun in 1954; Britain, France and Israel in cahoots at Suez in 1956 . . . It was all a crescendo of broken promises, a catalogue of duplicity and dashed hopes, and it left Arabs both suspicious of outsiders’ intentions towards their world and unconvinced – as they still are, a lifetime later – that the Westerners’ solution of supposedly harmonious multiplicity could work for them.


pages: 257 words: 80,698

Super Continent: The Logic of Eurasian Integration by Kent E. Calder

"World Economic Forum" Davos, 3D printing, air freight, Asian financial crisis, Bear Stearns, Berlin Wall, blockchain, Bretton Woods, business intelligence, capital controls, Capital in the Twenty-First Century by Thomas Piketty, classic study, cloud computing, colonial rule, Credit Default Swap, cuban missile crisis, deindustrialization, demographic transition, Deng Xiaoping, disruptive innovation, Doha Development Round, Donald Trump, energy transition, European colonialism, export processing zone, failed state, Fall of the Berlin Wall, foreign exchange controls, geopolitical risk, Gini coefficient, high-speed rail, housing crisis, income inequality, industrial cluster, industrial robot, interest rate swap, intermodal, Internet of things, invention of movable type, inventory management, John Markoff, liberal world order, Malacca Straits, Mikhail Gorbachev, mittelstand, money market fund, moral hazard, new economy, oil shale / tar sands, oil shock, purchasing power parity, quantitative easing, reserve currency, Ronald Reagan, seigniorage, Shenzhen special economic zone , smart cities, smart grid, SoftBank, South China Sea, sovereign wealth fund, special drawing rights, special economic zone, Suez canal 1869, Suez crisis 1956, supply-chain management, Thomas L Friedman, trade liberalization, trade route, transcontinental railway, UNCLOS, UNCLOS, union organizing, Washington Consensus, working-age population, zero-sum game


pages: 479 words: 102,876

The King of Oil: The Secret Lives of Marc Rich by Daniel Ammann

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", accounting loophole / creative accounting, anti-communist, Ayatollah Khomeini, banking crisis, Berlin Wall, Boeing 747, book value, Boycotts of Israel, business intelligence, buy low sell high, energy security, family office, Johann Wolfgang von Goethe, Michael Milken, Mikhail Gorbachev, Nelson Mandela, oil shock, peak oil, purchasing power parity, Ronald Reagan, subprime mortgage crisis, Suez crisis 1956, trade liberalization, transaction costs, transfer pricing, Upton Sinclair, Yom Kippur War

The Soviet Union supported Egypt and Syria, whereas the United States weighed in on the side of the Israelis. The Jewish state only managed to drive its opponents back after conceding large areas of land. There was no victor in this three-week-long conflict, which was the fourth in a series of Israeli-Arab wars (after the Israeli war of independence in 1948, the Suez War of 1956–57, and the Six-Day War in 1967). The oil-producing nations made a further attempt to use their oil as a weapon. This tactic may have failed miserably during the Six-Day War, but the political and economic situation was different this time. Libya and Saudi Arabia were the first to cease delivery to the United States and Western Europe.


Egypt by Matthew Firestone

call centre, clean water, credit crunch, friendly fire, haute cuisine, Khartoum Gordon, Right to Buy, spice trade, Suez canal 1869, Suez crisis 1956, sustainable-tourism, Thales and the olive presses, trade route, urban sprawl, young professional

When two small fleets, one originating in Port Said and the other in Suez, met at the new town of Ismailia on 16 November 1869, the Suez Canal was declared open and Africa was officially severed from Asia. Ownership of the canal remained in French and British hands for the next 86 years until, in the wake of Egyptian independence, President Nasser nationalised the Suez in 1956. The two European powers, in conjunction with Israel, invaded Egypt in an attempt to retake the waterway by force. In what came to be known as the ‘Suez Crisis’, they were forced to retreat in the face of widespread international condemnation. Today, the Suez Canal remains one of the world’s most heavily used shipping lanes and toll revenues represent one of the largest contributors to the Egyptian state coffers.


pages: 497 words: 123,718

American Secession: The Looming Threat of a National Breakup by F. H. Buckley

Affordable Care Act / Obamacare, Andrei Shleifer, belling the cat, Bernie Sanders, British Empire, Cass Sunstein, colonial rule, crony capitalism, desegregation, diversified portfolio, Donald Trump, Francis Fukuyama: the end of history, guns versus butter model, hindsight bias, illegal immigration, immigration reform, income inequality, low interest rates, Michael Milken, military-industrial complex, old-boy network, Paris climate accords, race to the bottom, Republic of Letters, reserve currency, Ronald Coase, Stephen Fry, Suez crisis 1956, transaction costs, Washington Consensus, wealth creators

It’s only larger countries that to seek to dominate their region, or the world, and having done so they find it very painful to retreat into smallness. Churchill said he did not become prime minister to preside over the dissolution of the British Empire, and he didn’t. That task he passed on to his successors, who presided over Indian independence in 1947 and the Suez debacle in 1956. After Britain gave up its empire, America became the world’s policeman. In a widely praised address at the American Enterprise Institute in 2004, Charles Krauthammer explained what this entailed: “If someone invades your house, you call the cops. Who do you call if someone invades your country?


pages: 285 words: 81,743

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Six Days of War: June 1967 and the Making of the Modern Middle East by Michael B. Oren

Boycotts of Israel, British Empire, cuban missile crisis, European colonialism, friendly fire, Mount Scopus, open economy, Seymour Hersh, Suez crisis 1956, Yom Kippur War

., Sovetskii Entsiklopedicheskii Slovar, 4th ed. (Moscow: Soviet Encyclopedia, 1989), p. 486. Khrushchev quote in Yosef Govrin, Israeli-Soviet Relations, 1953-1967: From Confrontation to Disruption (London: Frank Cass, 1990), p. 66. 13. Alpha plan discussed in Evelyn Shuckburgh, Descent to Suez, 1951-1956 (London: Weidenfeld and Nicolson, 1986), pp. 242-67, and Michael B. Oren, “Secret Efforts to Achieve an Egypt-Israel Settlement Prior to the Suez Campaign,”Middle Eastern Studies 26, no. 3 (1990). 14. Gamal Abdel Nasser, The Philosophy of the Revolution (Washington, D.C.: Public Affairs Press, 1955).


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From the Ruins of Empire: The Intellectuals Who Remade Asia by Pankaj Mishra

anti-communist, Ayatollah Khomeini, British Empire, classic study, colonial exploitation, colonial rule, Deng Xiaoping, European colonialism, financial innovation, Great Leap Forward, invention of the telegraph, joint-stock company, Khartoum Gordon, land reform, Mahatma Gandhi, Monroe Doctrine, New Urbanism, plutocrats, profit motive, Scramble for Africa, Suez canal 1869, Suez crisis 1956, the scientific method, upwardly mobile, urban planning, W. E. B. Du Bois, Washington Consensus, young professional

This conviction had been building up over decades among many Muslims. Two destructive world wars and the Great Depression had revealed serious structural flaws in the Western models of politics and economy. Decolonization further undermined the political power of Western countries; and desperate attempts to regain it – in Suez in 1956, and in Algeria and Vietnam – destroyed any fragments of remaining political and moral authority. A further devastating blow to the reputation of the West was the creation of the state of Israel on Palestinian lands in 1948. It confirmed the duplicity that the West had shown with the secret 1916 Sykes-Picot agreement (revealed to the world by Lenin after the Bolshevik Revolution) by which the British and French planned to divvy up the Arabic-speaking countries between them after the First World War; and the racial arrogance revealed at the Paris Peace Conference seemed to have been institutionalised by the imposition of a European settler nation on the Middle East.


pages: 650 words: 203,191

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A Brief History of Neoliberalism by David Harvey

"World Economic Forum" Davos, affirmative action, air traffic controllers' union, Asian financial crisis, Berlin Wall, Bretton Woods, business climate, business cycle, California energy crisis, capital controls, centre right, collective bargaining, creative destruction, crony capitalism, debt deflation, declining real wages, deglobalization, deindustrialization, Deng Xiaoping, Fall of the Berlin Wall, financial deregulation, financial intermediation, financial repression, full employment, gentrification, George Gilder, Gini coefficient, global reserve currency, Great Leap Forward, illegal immigration, income inequality, informal economy, labour market flexibility, land tenure, late capitalism, Long Term Capital Management, low interest rates, low-wage service sector, manufacturing employment, market fundamentalism, mass immigration, means of production, megaproject, Mexican peso crisis / tequila crisis, military-industrial complex, Mont Pelerin Society, mortgage tax deduction, neoliberal agenda, new economy, Pearl River Delta, phenotype, Ponzi scheme, price mechanism, race to the bottom, rent-seeking, reserve currency, Ronald Reagan, Savings and loan crisis, Silicon Valley, special economic zone, structural adjustment programs, Suez crisis 1956, the built environment, The Chicago School, Tragedy of the Commons, transaction costs, union organizing, urban renewal, urban sprawl, Washington Consensus, We are all Keynesians now, Winter of Discontent

The Labour government of the 1960s had refused to send troops to Vietnam, thus saving the country from direct domestic traumas over participation in an unpopular war. After the Second World War, Britain had (albeit reluctantly and in some instances not without violent struggle and considerable prodding from the US) agreed to decolonization, and after the abortive Suez venture of 1956 gradually (and again often reluctantly) shed much of the mantle of direct imperial power. The withdrawal of its forces east of Suez in the 1960s was an important signifier of this process. Thereafter, Britain largely participated as a junior partner within NATO under the military shield of US power.


pages: 394 words: 85,734

The Global Minotaur by Yanis Varoufakis, Paul Mason

active measures, Alan Greenspan, AOL-Time Warner, banking crisis, Bear Stearns, Berlin Wall, Big bang: deregulation of the City of London, Bretton Woods, business climate, business cycle, capital controls, Carmen Reinhart, central bank independence, collapse of Lehman Brothers, collateralized debt obligation, colonial rule, corporate governance, correlation coefficient, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, debt deflation, declining real wages, deindustrialization, Easter island, endogenous growth, eurozone crisis, financial engineering, financial innovation, first-past-the-post, full employment, Glass-Steagall Act, Great Leap Forward, guns versus butter model, Hyman Minsky, industrial robot, Joseph Schumpeter, Kenneth Rogoff, Kickstarter, labour market flexibility, light touch regulation, liquidity trap, London Interbank Offered Rate, Long Term Capital Management, low interest rates, market fundamentalism, Mexican peso crisis / tequila crisis, military-industrial complex, Money creation, money market fund, mortgage debt, Myron Scholes, negative equity, new economy, Nixon triggered the end of the Bretton Woods system, Northern Rock, paper trading, Paul Samuelson, planetary scale, post-oil, price stability, quantitative easing, reserve currency, rising living standards, Ronald Reagan, special economic zone, Steve Jobs, structural adjustment programs, Suez crisis 1956, systematic trading, too big to fail, trickle-down economics, urban renewal, War on Poverty, WikiLeaks, Yom Kippur War


pages: 330 words: 83,319

pages: 289 words: 86,165

Ten Lessons for a Post-Pandemic World by Fareed Zakaria

"there is no alternative" (TINA), 15-minute city, AlphaGo, An Inconvenient Truth, anti-fragile, Asian financial crisis, basic income, Bernie Sanders, Boris Johnson, butterfly effect, Capital in the Twenty-First Century by Thomas Piketty, car-free, carbon tax, central bank independence, clean water, cloud computing, colonial rule, contact tracing, coronavirus, COVID-19, Credit Default Swap, David Graeber, Day of the Dead, deep learning, DeepMind, deglobalization, Demis Hassabis, Deng Xiaoping, digital divide, Dominic Cummings, Donald Trump, Edward Glaeser, Edward Jenner, Elon Musk, Erik Brynjolfsson, failed state, financial engineering, Francis Fukuyama: the end of history, future of work, gentrification, George Floyd, gig economy, Gini coefficient, global pandemic, global reserve currency, global supply chain, green new deal, hiring and firing, housing crisis, imperial preference, income inequality, Indoor air pollution, invention of the wheel, Jane Jacobs, Jeff Bezos, Jeremy Corbyn, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Snow's cholera map, junk bonds, lockdown, Long Term Capital Management, low interest rates, manufacturing employment, Marc Andreessen, Mark Zuckerberg, Martin Wolf, means of production, megacity, Mexican peso crisis / tequila crisis, middle-income trap, Monroe Doctrine, Nate Silver, Nick Bostrom, oil shock, open borders, out of africa, Parag Khanna, Paris climate accords, Peter Thiel, plutocrats, popular capitalism, Productivity paradox, purchasing power parity, remote working, reserve currency, reshoring, restrictive zoning, ride hailing / ride sharing, Ronald Reagan, secular stagnation, Silicon Valley, social distancing, software is eating the world, South China Sea, Steve Bannon, Steve Jobs, Steven Pinker, Suez crisis 1956, TED Talk, the built environment, The Death and Life of Great American Cities, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, The Spirit Level, The Wealth of Nations by Adam Smith, Thomas L Friedman, Tim Cook: Apple, trade route, UNCLOS, universal basic income, urban planning, Washington Consensus, white flight, Works Progress Administration, zoonotic diseases


pages: 511 words: 148,310

Winning the War on War: The Decline of Armed Conflict Worldwide by Joshua S. Goldstein

Albert Einstein, Ayatollah Khomeini, Bartolomé de las Casas, Berlin Wall, Black Swan, blood diamond, business cycle, colonial rule, cuban missile crisis, death from overwork, Doomsday Clock, failed state, immigration reform, income inequality, invention of writing, invisible hand, land reform, long peace, microcredit, Mikhail Gorbachev, Nelson Mandela, no-fly zone, Oklahoma City bombing, purchasing power parity, RAND corporation, selection bias, Steven Pinker, Suez canal 1869, Suez crisis 1956, Tobin tax, unemployed young men, Winter of Discontent, work culture , Y2K

Journalist James Traub calls him “the standard against which all successive secretaries-general have been measured, and found wanting, for the very simple reason that the Security Council did not make the same mistake twice.” Hammarskjöld would be, after Bernadotte, the second Swede Bunche served, and the second one killed in the line of duty. II. The Suez War, 1956 At first, Hammarskjöld kept Bunche off the Middle East, but in 1956, during another Arab-Israeli war, the secretary-general put Bunche back on the job. Israel had invaded Egypt, after guerrilla attacks on Israel from the Egyptian-controlled Gaza Strip. Two days later came a British-French invasion force to take control of the Suez Canal, which Egyptian president Nasser had recently nationalized.


pages: 807 words: 154,435

Radical Uncertainty: Decision-Making for an Unknowable Future by Mervyn King, John Kay

Airbus A320, Alan Greenspan, Albert Einstein, Albert Michelson, algorithmic trading, anti-fragile, Antoine Gombaud: Chevalier de Méré, Arthur Eddington, autonomous vehicles, availability heuristic, banking crisis, Barry Marshall: ulcers, battle of ideas, Bear Stearns, behavioural economics, Benoit Mandelbrot, bitcoin, Black Swan, Boeing 737 MAX, Bonfire of the Vanities, Brexit referendum, Brownian motion, business cycle, business process, capital asset pricing model, central bank independence, collapse of Lehman Brothers, correlation does not imply causation, credit crunch, cryptocurrency, cuban missile crisis, Daniel Kahneman / Amos Tversky, David Ricardo: comparative advantage, DeepMind, demographic transition, discounted cash flows, disruptive innovation, diversification, diversified portfolio, Donald Trump, Dutch auction, easy for humans, difficult for computers, eat what you kill, Eddington experiment, Edmond Halley, Edward Lloyd's coffeehouse, Edward Thorp, Elon Musk, Ethereum, Eugene Fama: efficient market hypothesis, experimental economics, experimental subject, fear of failure, feminist movement, financial deregulation, George Akerlof, germ theory of disease, Goodhart's law, Hans Rosling, Helicobacter pylori, high-speed rail, Ignaz Semmelweis: hand washing, income per capita, incomplete markets, inflation targeting, information asymmetry, invention of the wheel, invisible hand, Jeff Bezos, Jim Simons, Johannes Kepler, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Snow's cholera map, John von Neumann, Kenneth Arrow, Kōnosuke Matsushita, Linda problem, Long Term Capital Management, loss aversion, Louis Pasteur, mandelbrot fractal, market bubble, market fundamentalism, military-industrial complex, Money creation, Moneyball by Michael Lewis explains big data, Monty Hall problem, Nash equilibrium, Nate Silver, new economy, Nick Leeson, Northern Rock, nudge theory, oil shock, PalmPilot, Paul Samuelson, peak oil, Peter Thiel, Philip Mirowski, Phillips curve, Pierre-Simon Laplace, popular electronics, power law, price mechanism, probability theory / Blaise Pascal / Pierre de Fermat, quantitative trading / quantitative finance, railway mania, RAND corporation, reality distortion field, rent-seeking, Richard Feynman, Richard Thaler, risk tolerance, risk-adjusted returns, Robert Shiller, Robert Solow, Ronald Coase, sealed-bid auction, shareholder value, Silicon Valley, Simon Kuznets, Socratic dialogue, South Sea Bubble, spectrum auction, Steve Ballmer, Steve Jobs, Steve Wozniak, Suez crisis 1956, Tacoma Narrows Bridge, Thales and the olive presses, Thales of Miletus, The Chicago School, the map is not the territory, The Market for Lemons, The Nature of the Firm, The Signal and the Noise by Nate Silver, The Wealth of Nations by Adam Smith, The Wisdom of Crowds, Thomas Bayes, Thomas Davenport, Thomas Malthus, Toyota Production System, transaction costs, ultimatum game, urban planning, value at risk, world market for maybe five computers, World Values Survey, Yom Kippur War, zero-sum game


pages: 367 words: 122,140

A Very Strange Way to Go to War: The Canberra in the Falklands by Andrew Vine

Boeing 747, clockwatching, old-boy network, Ronald Reagan, Suez crisis 1956, trade route

There were hoops to be jumped through to satisfy officialdom, and they revealed the bizarre nature of the operation under way, as well as how long it had been since the Navy had mounted anything on this scale. The reporters were ordered to the Ministry of Defence to sign the Official Secrets Act and be issued with accreditation papers. ‘It was absurd,’ said Shirley. ‘All these accreditation papers are in English and Arabic. All these things had been printed for Suez, they hadn’t done this sort of stuff since 1956 – nonsense, complete nonsense. Kim Sabido, from Independent Radio News, was also taken aback by the archaic nature of the documentation: ‘There was this little green book with advice for war correspondents, and it was so old it was unbelievable. They didn’t have any template to run things off apart from Suez; it was all being done on the hoof and it was so surreal, you couldn’t take in all that was happening.’


The Rough Guide to Egypt (Rough Guide to...) by Dan Richardson, Daniel Jacobs

Bletchley Park, British Empire, call centre, colonial rule, disinformation, Easter island, Eratosthenes, European colonialism, glass ceiling, haute cuisine, Khartoum Gordon, Kickstarter, lateral thinking, Livingstone, I presume, satellite internet, self-driving car, sexual politics, Skype, spice trade, Suez canal 1869, Suez crisis 1956, sustainable-tourism, three-masted sailing ship, trade route, Wall-E, Yom Kippur War

Saladin changed it from the hotbed of Shi’ite heresy it had been under the Fatimids into a bastion of Sunni orthodoxy, while Napoleon’s troops desecrated it to punish Cairenes for revolting against French occupation in 1798. A nationalist stronghold in colonial times, Al-Azhar was the venue for Nasser’s speech of defiance during the Suez invasion of 1956. The mosque is an accretion of centuries and styles, harmonious if confusing. You come in through the fifteenth-century Barber’s Gate, where students traditionally had their heads shaved, onto a great sahn (courtyard) that’s five hundred years older, overlooked by three minarets.


Bastard Tongues: A Trailblazing Linguist Finds Clues to Our Common Humanity in the World's Lowliest Languages by Derek Bickerton

colonial rule, dark matter, European colonialism, experimental subject, illegal immigration, Kickstarter, language acquisition, longitudinal study, rent control, Suez crisis 1956

Now I began to realize that most of them just knew more dogma, sported a fancier vocabulary, and had more confidence in their own opin­ ions than the rest of us. 114 BASTARD TONGUES 8 It was around this time that I first came into contact with Tom Givon. Tom, who began life as Talmy, was born in Israel and raised on a kibbutz. He was a lieutenant in the Israeli army and fought in the Suez War of 1956, but being fond of Arabs he became disillusioned Israeli policy and fi,nally wound up as a linguistics prof at UCLA. Now he was interested in language change and wanted to know what Creoles could tell him about it. Tom is far from your standard prof, which of course was why we got on so welL He is in love with the American West.



pages: 312 words: 93,836

Barometer of Fear: An Insider's Account of Rogue Trading and the Greatest Banking Scandal in History by Alexis Stenfors

Alan Greenspan, Asian financial crisis, asset-backed security, bank run, banking crisis, Bear Stearns, Big bang: deregulation of the City of London, bonus culture, capital controls, collapse of Lehman Brothers, credit crunch, Credit Default Swap, Eugene Fama: efficient market hypothesis, eurozone crisis, financial deregulation, financial innovation, fixed income, foreign exchange controls, game design, Gordon Gekko, inflation targeting, information asymmetry, interest rate derivative, interest rate swap, London Interbank Offered Rate, loss aversion, mental accounting, millennium bug, Nick Leeson, Northern Rock, oil shock, Post-Keynesian economics, price stability, profit maximization, proprietary trading, regulatory arbitrage, reserve currency, Rubik’s Cube, Snapchat, Suez crisis 1956, the market place, The Wealth of Nations by Adam Smith, too big to fail, transaction costs, work culture , Y2K

The first to exploit this opportunity was, perhaps paradoxically, the Soviet Union, when it transferred deposits to its bank in Paris, the Banque pour l’Europe du Nord (more commonly known by the telex address ‘Eurobank’). US dollars deposited at Eurobank became known as Eurodollars.7 Investors in the Middle East also began to place US dollars in Europe, quite possibly influenced by the resulting instability after the outbreak of the Suez War in 1956, when the US reacted by freezing some US assets held by foreigners. Later, with the oil shocks of 1973 and 1979, OPEC countries began accumulating large US dollar surpluses that they preferred to invest in European countries with large funding requirements. However, the key driver of the Eurodollar market was financial regulation – or, more specifically, the banks’ determination to avoid it.


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Servant Economy: Where America's Elite Is Sending the Middle Class by Jeff Faux

air traffic controllers' union, Alan Greenspan, back-to-the-land, Bear Stearns, benefit corporation, Bernie Sanders, Black Swan, Bretton Woods, BRICs, British Empire, business cycle, call centre, centre right, classic study, cognitive dissonance, collateralized debt obligation, collective bargaining, creative destruction, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, currency manipulation / currency intervention, David Brooks, David Ricardo: comparative advantage, disruptive innovation, falling living standards, financial deregulation, financial innovation, full employment, Glass-Steagall Act, guns versus butter model, high-speed rail, hiring and firing, Howard Zinn, Hyman Minsky, illegal immigration, indoor plumbing, informal economy, invisible hand, John Maynard Keynes: Economic Possibilities for our Grandchildren, junk bonds, Kevin Roose, Kickstarter, lake wobegon effect, Long Term Capital Management, low interest rates, market fundamentalism, Martin Wolf, McMansion, medical malpractice, Michael Milken, military-industrial complex, Minsky moment, mortgage debt, Myron Scholes, Naomi Klein, new economy, oil shock, old-boy network, open immigration, Paul Samuelson, plutocrats, price mechanism, price stability, private military company, public intellectual, radical decentralization, Ralph Nader, reserve currency, rising living standards, Robert Shiller, rolodex, Ronald Reagan, Savings and loan crisis, school vouchers, Silicon Valley, single-payer health, Solyndra, South China Sea, statistical model, Steve Jobs, Suez crisis 1956, Thomas L Friedman, Thorstein Veblen, too big to fail, trade route, Triangle Shirtwaist Factory, union organizing, upwardly mobile, urban renewal, War on Poverty, We are the 99%, working poor, Yogi Berra, Yom Kippur War, you are the product


pages: 376 words: 109,092

Paper Promises by Philip Coggan

accounting loophole / creative accounting, activist fund / activist shareholder / activist investor, Alan Greenspan, balance sheet recession, bank run, banking crisis, barriers to entry, Bear Stearns, Berlin Wall, Bernie Madoff, Black Monday: stock market crash in 1987, Black Swan, bond market vigilante , Bretton Woods, British Empire, business cycle, call centre, capital controls, Carmen Reinhart, carried interest, Celtic Tiger, central bank independence, collapse of Lehman Brothers, collateralized debt obligation, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, currency manipulation / currency intervention, currency peg, currency risk, debt deflation, delayed gratification, diversified portfolio, eurozone crisis, Fall of the Berlin Wall, falling living standards, fear of failure, financial innovation, financial repression, fixed income, floating exchange rates, full employment, German hyperinflation, global reserve currency, Goodhart's law, Greenspan put, hiring and firing, Hyman Minsky, income inequality, inflation targeting, Isaac Newton, John Meriwether, joint-stock company, junk bonds, Kenneth Rogoff, Kickstarter, labour market flexibility, Les Trente Glorieuses, light touch regulation, Long Term Capital Management, low interest rates, manufacturing employment, market bubble, market clearing, Martin Wolf, Minsky moment, Money creation, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, mortgage debt, Myron Scholes, negative equity, Nick Leeson, Northern Rock, oil shale / tar sands, paradox of thrift, peak oil, pension reform, plutocrats, Ponzi scheme, price stability, principal–agent problem, purchasing power parity, quantitative easing, QWERTY keyboard, railway mania, regulatory arbitrage, reserve currency, Robert Gordon, Robert Shiller, Ronald Reagan, savings glut, short selling, South Sea Bubble, sovereign wealth fund, special drawing rights, Suez crisis 1956, The Chicago School, The Great Moderation, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, The Wealth of Nations by Adam Smith, time value of money, too big to fail, trade route, tulip mania, value at risk, Washington Consensus, women in the workforce, zero-sum game


pages: 736 words: 233,366

Roller-Coaster: Europe, 1950-2017 by Ian Kershaw

airport security, anti-communist, Apollo 11, Ayatollah Khomeini, banking crisis, Berlin Wall, Big bang: deregulation of the City of London, Boris Johnson, Bretton Woods, Brexit referendum, British Empire, business cycle, centre right, colonial rule, cuban missile crisis, deindustrialization, Deng Xiaoping, Donald Trump, European colonialism, eurozone crisis, Exxon Valdez, failed state, Fall of the Berlin Wall, falling living standards, feminist movement, first-past-the-post, fixed income, floating exchange rates, foreign exchange controls, Francis Fukuyama: the end of history, full employment, Herbert Marcuse, illegal immigration, income inequality, Jeremy Corbyn, Johann Wolfgang von Goethe, labour market flexibility, land reform, late capitalism, Les Trente Glorieuses, liberal capitalism, liberation theology, low interest rates, low skilled workers, mass immigration, means of production, Mikhail Gorbachev, mutually assured destruction, Neil Armstrong, Nelson Mandela, Nixon triggered the end of the Bretton Woods system, North Sea oil, Northern Rock, oil shale / tar sands, oil shock, open borders, post-war consensus, precariat, price stability, public intellectual, quantitative easing, race to the bottom, reserve currency, rising living standards, road to serfdom, Ronald Reagan, Ronald Reagan: Tear down this wall, Sinatra Doctrine, Suez crisis 1956, The Chicago School, trade liberalization, union organizing, upwardly mobile, washing machines reduced drudgery, Washington Consensus, Winter of Discontent, young professional


The Rise and Fall of the British Nation: A Twentieth-Century History by David Edgerton

active measures, Arthur Marwick, Berlin Wall, Big bang: deregulation of the City of London, blue-collar work, British Empire, business cycle, call centre, centre right, collective bargaining, colonial exploitation, company town, Corn Laws, corporate governance, deglobalization, deindustrialization, dematerialisation, deskilling, Donald Davies, double helix, Dr. Strangelove, endogenous growth, Etonian, European colonialism, feminist movement, first-past-the-post, full employment, gentrification, imperial preference, James Dyson, knowledge economy, labour mobility, land reform, land value tax, low interest rates, manufacturing employment, means of production, Mikhail Gorbachev, military-industrial complex, Neil Kinnock, new economy, non-tariff barriers, North Sea oil, offshore financial centre, old-boy network, packet switching, Philip Mirowski, Piper Alpha, plutocrats, post-Fordism, post-industrial society, post-truth, post-war consensus, public intellectual, rising living standards, road to serfdom, Ronald Reagan, scientific management, Suez canal 1869, Suez crisis 1956, technological determinism, The inhabitant of London could order by telephone, sipping his morning tea in bed, the various products of the whole earth, trade liberalization, union organizing, very high income, wages for housework, wealth creators, Winter of Discontent, women in the workforce, working poor

It was a national-European war, a joint enterprise with the French and Israelis, which was opposed by the United Nations and the Commonwealth, as well as the USA. It was, for these reasons, and for others, an aberration. It was essentially the work of an insecure and unwell prime minister. Goaded by die-hard Tories organized as the ‘Suez group’, he took actions which many inside the government machine thought insane.51 The Suez group was formed not in 1956, but in 1954, to campaign against the British withdrawal from the military bases in the Canal Zone in that year. The British government wanted to go back into Egypt. It was not a matter of keeping an imperial possession or vassal. However, the British government couldn’t decide what the aim of the invasion was actually to be.

There was anti-British feeling in Egypt: British forces had killed fifty policemen in the Canal Zone in 1952, which had led to riots in Cairo that destroyed much British property. These events led to the formation of a new nationalist government in Egypt in 1952, which forced the British out of the Canal Zone in 1954. But in the interim more than 400 members of the British armed forces had been killed, many more than died in the Suez operation of 1956. The typical operations were in internal counter-insurgency against British subjects, notably in Malaya, Kenya, Cyprus, Aden and Northern Ireland (the last of which peaked at over 20,000 troops). The so-called ‘Malayan emergency’ ran from 1948 to 1960. The campaign was fought against the fighters of the Malayan Communist Party, which was made up almost entirely from the poor Chinese minority of Malaya.


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The Establishment: And How They Get Away With It by Owen Jones

anti-communist, Asian financial crisis, autism spectrum disorder, bank run, battle of ideas, Big bang: deregulation of the City of London, bonus culture, Boris Johnson, Bretton Woods, British Empire, call centre, capital controls, Capital in the Twenty-First Century by Thomas Piketty, centre right, citizen journalism, collapse of Lehman Brothers, collective bargaining, disinformation, don't be evil, Edward Snowden, Etonian, eurozone crisis, falling living standards, Francis Fukuyama: the end of history, full employment, G4S, glass ceiling, hiring and firing, housing crisis, inflation targeting, Intergovernmental Panel on Climate Change (IPCC), investor state dispute settlement, James Dyson, Jon Ronson, laissez-faire capitalism, land bank, light touch regulation, low interest rates, market fundamentalism, mass immigration, Monroe Doctrine, Mont Pelerin Society, moral hazard, Neil Kinnock, night-watchman state, Nixon triggered the end of the Bretton Woods system, Northern Rock, Occupy movement, offshore financial centre, old-boy network, open borders, Overton Window, plutocrats, popular capitalism, post-war consensus, profit motive, quantitative easing, race to the bottom, rent control, road to serfdom, Ronald Reagan, shareholder value, short selling, sovereign wealth fund, stakhanovite, statistical model, subprime mortgage crisis, Suez crisis 1956, The Wealth of Nations by Adam Smith, transfer pricing, Tyler Cowen, union organizing, unpaid internship, Washington Consensus, We are all Keynesians now, wealth creators, Winter of Discontent


pages: 419 words: 119,476

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Water: A Biography by Giulio Boccaletti

active transport: walking or cycling, Anthropocene, Asian financial crisis, Bretton Woods, British Empire, business cycle, clean water, conceptual framework, Corn Laws, deindustrialization, demographic transition, Deng Xiaoping, energy transition, financial engineering, Great Leap Forward, invisible hand, John Snow's cholera map, joint-stock company, land reform, land tenure, linear programming, loose coupling, market fundamentalism, mass immigration, means of production, Medieval Warm Period, megaproject, Mohammed Bouazizi, new economy, Nixon triggered the end of the Bretton Woods system, oil shock, opioid epidemic / opioid crisis, Peace of Westphalia, phenotype, scientific management, South China Sea, Suez crisis 1956, text mining, the long tail, The Rise and Fall of American Growth, The Wealth of Nations by Adam Smith, trade route, Washington Consensus, Works Progress Administration, Yom Kippur War, zero-sum game

As the U.S. withdrew its support: Borzutzky and Berger, “Dammed If You Do, Dammed If You Don’t: The Eisenhower Administration and the Aswan Dam.” Nasser instantly sealed the deal: Goldman, “A Balance Sheet of Soviet Foreign Aid.” Surprising the world, at a speech: “Discours de Gamal Abdel Nasser sur la nationalisation de la Compagnie du canal de Suez (Alexandrie, 26 juillet 1956),” in Notes et études documentaires: Écrits et Discours du colonel Nasser (Paris: La Documentation française, 1956), 16–21. Naturally, the decision to build the dam: Mansfield, A History of the Middle East, 277. A few details aside, the agreement: Abdalla, “The 1959 Nile Waters Agreement in Sudanese-Egyptian Relations.”


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The Making of an Atlantic Ruling Class by Kees Van der Pijl

anti-communist, banking crisis, Berlin Wall, book value, Boycotts of Israel, Bretton Woods, British Empire, business cycle, capital controls, collective bargaining, colonial rule, cuban missile crisis, deindustrialization, deskilling, diversified portfolio, European colonialism, floating exchange rates, full employment, imperial preference, Joseph Schumpeter, liberal capitalism, mass immigration, means of production, military-industrial complex, North Sea oil, plutocrats, profit maximization, RAND corporation, scientific management, strikebreaker, Suez crisis 1956, trade liberalization, trade route, union organizing, uranium enrichment, urban renewal, War on Poverty

On the European side, globalism in the sense of national empires around the world has diminished to the vanishing point — symbolized … by Britain’s abandonment of their traditional role “East of Suez” ’.56 Unavoidably, the Anglo-Saxon ‘special relationship’ underlying the Atlantic Union concept was the eventual victim of this development. The Suez affair in 1956 and the establishment of the EEC a year later may be seen as the watersheds in the tendential shift in economic power from the traditional colonialist configuration of the European imperialism under Franco-British leadership to the Fordist, corporate-liberal configuration centering on West Germany and the Common Market.


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Second World: Empires and Influence in the New Global Order by Parag Khanna

Abraham Maslow, Admiral Zheng, affirmative action, anti-communist, Asian financial crisis, Bartolomé de las Casas, Branko Milanovic, British Empire, call centre, capital controls, central bank independence, cognitive dissonance, colonial rule, complexity theory, continuation of politics by other means, crony capitalism, death from overwork, Deng Xiaoping, different worldview, Dissolution of the Soviet Union, Donald Trump, dual-use technology, Edward Glaeser, energy security, European colonialism, export processing zone, facts on the ground, failed state, flex fuel, Francis Fukuyama: the end of history, friendly fire, gentrification, Gini coefficient, global reserve currency, global supply chain, Great Leap Forward, guns versus butter model, haute couture, Hernando de Soto, illegal immigration, income inequality, informal economy, invisible hand, Islamic Golden Age, karōshi / gwarosa / guolaosi, Khyber Pass, Kickstarter, knowledge economy, land reform, Londongrad, low cost airline, low skilled workers, mass immigration, means of production, megacity, meritocracy, military-industrial complex, Monroe Doctrine, Nelson Mandela, no-fly zone, oil shale / tar sands, oil shock, oil-for-food scandal, open borders, open economy, Parag Khanna, Pax Mongolica, Pearl River Delta, pirate software, Plutonomy: Buying Luxury, Explaining Global Imbalances, Potemkin village, price stability, race to the bottom, RAND corporation, reserve currency, restrictive zoning, rising living standards, Robert Solow, Ronald Reagan, Silicon Valley, Skype, South China Sea, special economic zone, stem cell, Stephen Hawking, Suez crisis 1956, Thomas L Friedman, trade route, trickle-down economics, uranium enrichment, urban renewal, Washington Consensus, women in the workforce


pages: 790 words: 150,875

Civilization: The West and the Rest by Niall Ferguson

Admiral Zheng, agricultural Revolution, Albert Einstein, Andrei Shleifer, Atahualpa, Ayatollah Khomeini, Berlin Wall, BRICs, British Empire, business cycle, clean water, collective bargaining, colonial rule, conceptual framework, Copley Medal, corporate governance, creative destruction, credit crunch, David Ricardo: comparative advantage, Dean Kamen, delayed gratification, Deng Xiaoping, discovery of the americas, Dissolution of the Soviet Union, Easter island, European colonialism, Fall of the Berlin Wall, financial engineering, Francisco Pizarro, full employment, Great Leap Forward, Gregor Mendel, guns versus butter model, Hans Lippershey, haute couture, Hernando de Soto, income inequality, invention of movable type, invisible hand, Isaac Newton, James Hargreaves, James Watt: steam engine, John Harrison: Longitude, joint-stock company, Joseph Schumpeter, Kickstarter, Kitchen Debate, land reform, land tenure, liberal capitalism, Louis Pasteur, Mahatma Gandhi, market bubble, Martin Wolf, mass immigration, means of production, megacity, Mikhail Gorbachev, new economy, Pearl River Delta, Pierre-Simon Laplace, power law, probability theory / Blaise Pascal / Pierre de Fermat, profit maximization, purchasing power parity, quantitative easing, rent-seeking, reserve currency, retail therapy, road to serfdom, Ronald Reagan, savings glut, Scramble for Africa, Silicon Valley, South China Sea, sovereign wealth fund, special economic zone, spice trade, spinning jenny, Steve Jobs, Steven Pinker, subprime mortgage crisis, Suez canal 1869, Suez crisis 1956, The Great Moderation, the market place, the scientific method, The Wealth of Nations by Adam Smith, Thomas Kuhn: the structure of scientific revolutions, Thomas Malthus, Thorstein Veblen, total factor productivity, trade route, transaction costs, transatlantic slave trade, undersea cable, upwardly mobile, uranium enrichment, wage slave, Washington Consensus, women in the workforce, work culture , World Values Survey



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Money: 5,000 Years of Debt and Power by Michel Aglietta

accelerated depreciation, Alan Greenspan, bank run, banking crisis, Basel III, Berlin Wall, bitcoin, blockchain, Bretton Woods, British Empire, business cycle, capital asset pricing model, capital controls, cashless society, central bank independence, circular economy, collapse of Lehman Brothers, collective bargaining, corporate governance, David Graeber, debt deflation, dematerialisation, Deng Xiaoping, double entry bookkeeping, energy transition, eurozone crisis, Fall of the Berlin Wall, falling living standards, financial deregulation, financial innovation, Financial Instability Hypothesis, financial intermediation, floating exchange rates, forward guidance, Francis Fukuyama: the end of history, full employment, German hyperinflation, income inequality, inflation targeting, information asymmetry, Intergovernmental Panel on Climate Change (IPCC), invention of writing, invisible hand, joint-stock company, Kenneth Arrow, Kickstarter, land bank, liquidity trap, low interest rates, margin call, means of production, Money creation, money market fund, moral hazard, Nash equilibrium, Network effects, Northern Rock, oil shock, planetary scale, plutocrats, precautionary principle, price stability, purchasing power parity, quantitative easing, race to the bottom, reserve currency, secular stagnation, seigniorage, shareholder value, special drawing rights, special economic zone, stochastic process, Suez crisis 1956, the payments system, the scientific method, tontine, too big to fail, trade route, transaction costs, transcontinental railway, Washington Consensus


The New Map: Energy, Climate, and the Clash of Nations by Daniel Yergin

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", 3D printing, 9 dash line, activist fund / activist shareholder / activist investor, addicted to oil, Admiral Zheng, Albert Einstein, American energy revolution, Asian financial crisis, autonomous vehicles, Ayatollah Khomeini, Bakken shale, Bernie Sanders, BRICs, British Empire, carbon tax, circular economy, clean tech, commodity super cycle, company town, coronavirus, COVID-19, decarbonisation, deep learning, Deng Xiaoping, Didi Chuxing, disruptive innovation, distributed generation, Donald Trump, driverless car, Edward Snowden, Elon Musk, energy security, energy transition, failed state, Ford Model T, geopolitical risk, gig economy, global pandemic, global supply chain, green new deal, Greta Thunberg, hydraulic fracturing, Indoor air pollution, Intergovernmental Panel on Climate Change (IPCC), inventory management, James Watt: steam engine, John Zimmer (Lyft cofounder), Kickstarter, LNG terminal, Lyft, Malacca Straits, Malcom McLean invented shipping containers, Masayoshi Son, Masdar, mass incarceration, megacity, megaproject, middle-income trap, Mikhail Gorbachev, mutually assured destruction, new economy, off grid, oil rush, oil shale / tar sands, oil shock, open economy, paypal mafia, peak oil, pension reform, power law, price mechanism, purchasing power parity, RAND corporation, rent-seeking, ride hailing / ride sharing, rolling blackouts, Ronald Reagan, Russian election interference, self-driving car, Silicon Valley, smart cities, social distancing, South China Sea, sovereign wealth fund, Suez crisis 1956, super pumped, supply-chain management, TED Talk, trade route, Travis Kalanick, Twitter Arab Spring, Uber and Lyft, uber lyft, ubercab, UNCLOS, UNCLOS, uranium enrichment, vertical integration, women in the workforce


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Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity by Daron Acemoglu, Simon Johnson

"Friedman doctrine" OR "shareholder theory", "World Economic Forum" Davos, 4chan, agricultural Revolution, AI winter, Airbnb, airline deregulation, algorithmic bias, algorithmic management, Alignment Problem, AlphaGo, An Inconvenient Truth, artificial general intelligence, augmented reality, basic income, Bellingcat, Bernie Sanders, Big Tech, Bletchley Park, blue-collar work, British Empire, carbon footprint, carbon tax, carried interest, centre right, Charles Babbage, ChatGPT, Clayton Christensen, clean water, cloud computing, collapse of Lehman Brothers, collective bargaining, computer age, Computer Lib, Computing Machinery and Intelligence, conceptual framework, contact tracing, Corn Laws, Cornelius Vanderbilt, coronavirus, corporate social responsibility, correlation does not imply causation, cotton gin, COVID-19, creative destruction, declining real wages, deep learning, DeepMind, deindustrialization, Demis Hassabis, Deng Xiaoping, deskilling, discovery of the americas, disinformation, Donald Trump, Douglas Engelbart, Douglas Engelbart, Edward Snowden, Elon Musk, en.wikipedia.org, energy transition, Erik Brynjolfsson, European colonialism, everywhere but in the productivity statistics, factory automation, facts on the ground, fake news, Filter Bubble, financial innovation, Ford Model T, Ford paid five dollars a day, fulfillment center, full employment, future of work, gender pay gap, general purpose technology, Geoffrey Hinton, global supply chain, Gordon Gekko, GPT-3, Grace Hopper, Hacker Ethic, Ida Tarbell, illegal immigration, income inequality, indoor plumbing, industrial robot, interchangeable parts, invisible hand, Isaac Newton, Jacques de Vaucanson, James Watt: steam engine, Jaron Lanier, Jeff Bezos, job automation, Johannes Kepler, John Markoff, John Maynard Keynes: Economic Possibilities for our Grandchildren, John Maynard Keynes: technological unemployment, Joseph-Marie Jacquard, Kenneth Arrow, Kevin Roose, Kickstarter, knowledge economy, labor-force participation, land reform, land tenure, Les Trente Glorieuses, low skilled workers, low-wage service sector, M-Pesa, manufacturing employment, Marc Andreessen, Mark Zuckerberg, megacity, mobile money, Mother of all demos, move fast and break things, natural language processing, Neolithic agricultural revolution, Norbert Wiener, NSO Group, offshore financial centre, OpenAI, PageRank, Panopticon Jeremy Bentham, paperclip maximiser, pattern recognition, Paul Graham, Peter Thiel, Productivity paradox, profit maximization, profit motive, QAnon, Ralph Nader, Ray Kurzweil, recommendation engine, ride hailing / ride sharing, Robert Bork, Robert Gordon, Robert Solow, robotic process automation, Ronald Reagan, scientific management, Second Machine Age, self-driving car, seminal paper, shareholder value, Sheryl Sandberg, Shoshana Zuboff, Silicon Valley, social intelligence, Social Responsibility of Business Is to Increase Its Profits, social web, South Sea Bubble, speech recognition, spice trade, statistical model, stem cell, Steve Jobs, Steve Wozniak, strikebreaker, subscription business, Suez canal 1869, Suez crisis 1956, supply-chain management, surveillance capitalism, tacit knowledge, tech billionaire, technoutopianism, Ted Nelson, TED Talk, The Future of Employment, The Rise and Fall of American Growth, The Structural Transformation of the Public Sphere, The Wealth of Nations by Adam Smith, theory of mind, Thomas Malthus, too big to fail, total factor productivity, trade route, transatlantic slave trade, trickle-down economics, Turing machine, Turing test, Twitter Arab Spring, Two Sigma, Tyler Cowen, Tyler Cowen: Great Stagnation, union organizing, universal basic income, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, W. E. B. Du Bois, War on Poverty, WikiLeaks, wikimedia commons, working poor, working-age population


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The Age of Turbulence: Adventures in a New World (Hardback) - Common by Alan Greenspan

addicted to oil, air freight, airline deregulation, Alan Greenspan, Albert Einstein, asset-backed security, bank run, Berlin Wall, Black Monday: stock market crash in 1987, Bretton Woods, business cycle, business process, buy and hold, call centre, capital controls, carbon tax, central bank independence, collateralized debt obligation, collective bargaining, compensation consultant, conceptual framework, Corn Laws, corporate governance, corporate raider, correlation coefficient, cotton gin, creative destruction, credit crunch, Credit Default Swap, credit default swaps / collateralized debt obligations, crony capitalism, cuban missile crisis, currency peg, currency risk, Deng Xiaoping, Dissolution of the Soviet Union, Doha Development Round, double entry bookkeeping, equity premium, everywhere but in the productivity statistics, Fall of the Berlin Wall, fiat currency, financial innovation, financial intermediation, full employment, Gini coefficient, Glass-Steagall Act, Hernando de Soto, income inequality, income per capita, information security, invisible hand, Joseph Schumpeter, junk bonds, labor-force participation, laissez-faire capitalism, land reform, Long Term Capital Management, low interest rates, Mahatma Gandhi, manufacturing employment, market bubble, means of production, Mikhail Gorbachev, moral hazard, mortgage debt, Myron Scholes, Nelson Mandela, new economy, North Sea oil, oil shock, open economy, open immigration, Pearl River Delta, pets.com, Potemkin village, price mechanism, price stability, Productivity paradox, profit maximization, purchasing power parity, random walk, Reminiscences of a Stock Operator, reserve currency, Right to Buy, risk tolerance, Robert Solow, Ronald Reagan, Savings and loan crisis, shareholder value, short selling, Silicon Valley, special economic zone, stock buybacks, stocks for the long run, Suez crisis 1956, the payments system, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thorstein Veblen, Tipper Gore, too big to fail, total factor productivity, trade liberalization, trade route, transaction costs, transcontinental railway, urban renewal, We are all Keynesians now, working-age population, Y2K, zero-sum game


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Persian Gulf Command: A History of the Second World War in Iran and Iraq by Ashley Jackson

Bletchley Park, British Empire, Charles Lindbergh, colonial rule, fixed income, full employment, it's over 9,000, out of africa, power law, Suez crisis 1956, the built environment




pages: 1,088 words: 297,362

The London Compendium by Ed Glinert

1960s counterculture, anti-communist, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Bob Geldof, British Empire, Brixton riot, Charles Babbage, Corn Laws, Dava Sobel, double entry bookkeeping, Edward Jenner, Edward Lloyd's coffeehouse, Exxon Valdez, gentrification, hiring and firing, invention of the telegraph, Isaac Newton, John Harrison: Longitude, John Snow's cholera map, Khartoum Gordon, Kickstarter, Mahatma Gandhi, mass immigration, Nick Leeson, Panopticon Jeremy Bentham, price stability, Ronald Reagan, Sloane Ranger, South China Sea, South Sea Bubble, spice trade, Suez crisis 1956, the market place, trade route, union organizing, V2 rocket

Three years later the space was allocated to the United States army for their signals centre, being where General Eisenhower, the US’s wartime commander-in-chief, planned the D-Day landings in 1944. In 1951 the station was used as a hostel for visitors to the Festival of Britain, and five years later as a transit camp for troops on their way to Suez. Since 1956 the British Library has used the abandoned works for storage space. east side: Euston Road to New Oxford Street Heal’s, Nos. 191–199 An innovative furniture store founded by John Harris Heal in 1810 at 33 Rathbone Place, Heal’s moved to Tottenham Court Road in 1840 and through the work of Ambrose Heal, one of John’s sons, played a leading role in the development of the Arts and Crafts movement in England.




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The Sum of All Fears by Tom Clancy

"RICO laws" OR "Racketeer Influenced and Corrupt Organizations", accounting loophole / creative accounting, airport security, Benoit Mandelbrot, Boeing 747, British Empire, colonial exploitation, complexity theory, cuban missile crisis, demand response, disinformation, false flag, financial independence, flag carrier, Herman Kahn, index card, mandelbrot fractal, operational security, Suez crisis 1956, trade route, uranium enrichment

David Askenazi walked around the table to Prince Ali, who had handled his country's part in the negotiations, and extended his hand. That wasn't good enough. The Prince gave the Minister a brotherly embrace. "Before God, there will be peace between us, David." "After all these years, Ali," replied the former Israeli tanker. As a lieutenant, Askenazi had fought in the Suez in 1956, again as a captain in 1967, and his reserve battalion had reinforced the Golan in 1973. Both men were surprised by the applause that broke out. The Israeli burst into tears, embarrassing himself beyond belief. "Do not be ashamed. Your personal courage is well known, Minister," Ali said graciously.


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Money Changes Everything: How Finance Made Civilization Possible by William N. Goetzmann

Albert Einstein, Andrei Shleifer, asset allocation, asset-backed security, banking crisis, Benoit Mandelbrot, Black Swan, Black-Scholes formula, book value, Bretton Woods, Brownian motion, business cycle, capital asset pricing model, Cass Sunstein, classic study, collective bargaining, colonial exploitation, compound rate of return, conceptual framework, Cornelius Vanderbilt, corporate governance, Credit Default Swap, David Ricardo: comparative advantage, debt deflation, delayed gratification, Detroit bankruptcy, disintermediation, diversified portfolio, double entry bookkeeping, Edmond Halley, en.wikipedia.org, equity premium, equity risk premium, financial engineering, financial independence, financial innovation, financial intermediation, fixed income, frictionless, frictionless market, full employment, high net worth, income inequality, index fund, invention of the steam engine, invention of writing, invisible hand, James Watt: steam engine, joint-stock company, joint-stock limited liability company, laissez-faire capitalism, land bank, Louis Bachelier, low interest rates, mandelbrot fractal, market bubble, means of production, money market fund, money: store of value / unit of account / medium of exchange, moral hazard, Myron Scholes, new economy, passive investing, Paul Lévy, Ponzi scheme, price stability, principal–agent problem, profit maximization, profit motive, public intellectual, quantitative trading / quantitative finance, random walk, Richard Thaler, Robert Shiller, shareholder value, short selling, South Sea Bubble, sovereign wealth fund, spice trade, stochastic process, subprime mortgage crisis, Suez canal 1869, Suez crisis 1956, the scientific method, The Wealth of Nations by Adam Smith, Thomas Malthus, time value of money, tontine, too big to fail, trade liberalization, trade route, transatlantic slave trade, tulip mania, wage slave

Available at: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.195.459 10. Hobson, J. H. 1902. Imperialism: A Study. London: Cosimo, p. 63. 11. Scham, Sandra A. 2013. The Making and Unmaking of European Cairo. Journal of Eastern Mediterranean Archaeology and Heritage Studies (1)4: 313–318. 12. Piquet, Caroline. 2004. “The Suez Company’s concession in Egypt, 1854–1956: Modern infrastructure and local economic development.” Enterprise and Society 5(1): 107–127. 13. Cain, P. J. 2002. Hobson and Imperialism: Radicalism, New Liberalism, and Finance, 1887–1938. New York: Oxford University Press. CHAPTER 24 1. The modern Romanizations of the names of these cities are: Guangdong, Xiamen, Fuzhou, and Ningbo, respectively. 2.

Available at: http://onlinelibrary.wiley.com/doi/10.1002/9781444338386.wbeah04267/full. Parkins, Helen, and Christopher Smith (eds.). 2005. Trade, Traders and the Ancient City. London: Routledge. Peng, Xinwei, and Edward H. Kaplan. 1994. A Monetary History of China, vol. 1. Bellingham, WA: Western Washington University. Piquet, Caroline. 2004. “The Suez Company’s concession in Egypt, 1854–1956: Modern infrastructure and local economic development.” Enterprise and Society 5(1): 107–127. Plato. 1967. Plato in Twelve Volumes, vol. 3, W.R.M. Lamb (trans.). London: William Heinemann. Polo, Marco. 1920. Marco Polo; Notes and Addenda to Sir Henry Yule’s Edition, Containing the Results of Recent Research and Discovery, by Henri Cordier.


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1948. A Soldier's Tale – the Bloody Road to Jerusalem by Uri Avnery, Christopher Costello

invisible hand, Suez canal 1869, Suez crisis 1956, Yom Kippur War


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The Lion's Gate: On the Front Lines of the Six Day War by Steven Pressfield

defense in depth, facts on the ground, Mount Scopus, New Journalism, rolling blackouts, Suez crisis 1956, systems thinking, trade route, Yom Kippur War


pages: 1,057 words: 239,915

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Slowdown: The End of the Great Acceleration―and Why It’s Good for the Planet, the Economy, and Our Lives by Danny Dorling, Kirsten McClure

"World Economic Forum" Davos, Affordable Care Act / Obamacare, Anthropocene, Berlin Wall, Bernie Sanders, Boeing 747, Boris Johnson, British Empire, business cycle, capital controls, carbon tax, clean water, creative destruction, credit crunch, Donald Trump, drone strike, Elon Musk, en.wikipedia.org, Extinction Rebellion, fake news, Flynn Effect, Ford Model T, full employment, future of work, gender pay gap, global supply chain, Google Glasses, Great Leap Forward, Greta Thunberg, Henri Poincaré, illegal immigration, immigration reform, income inequality, Intergovernmental Panel on Climate Change (IPCC), Internet of things, Isaac Newton, It's morning again in America, James Dyson, Jeremy Corbyn, jimmy wales, John Harrison: Longitude, Kickstarter, low earth orbit, Mark Zuckerberg, market clearing, Martin Wolf, mass immigration, means of production, megacity, meta-analysis, military-industrial complex, mortgage debt, negative emissions, nuclear winter, ocean acidification, Overton Window, pattern recognition, Ponzi scheme, price stability, profit maximization, purchasing power parity, QWERTY keyboard, random walk, rent control, rising living standards, Robert Gordon, Robert Shiller, Ronald Reagan, School Strike for Climate, Scramble for Africa, sexual politics, Skype, Stephen Hawking, Steven Pinker, structural adjustment programs, Suez crisis 1956, the built environment, Tim Cook: Apple, time dilation, transatlantic slave trade, trickle-down economics, very high income, wealth creators, wikimedia commons, working poor



pages: 1,002 words: 276,865

pages: 337 words: 87,236

pages: 767 words: 208,933

Liberalism at Large: The World According to the Economist by Alex Zevin

"there is no alternative" (TINA), activist fund / activist shareholder / activist investor, affirmative action, Alan Greenspan, anti-communist, Asian financial crisis, bank run, Berlin Wall, Big bang: deregulation of the City of London, Bretton Woods, British Empire, business climate, business cycle, capital controls, carbon tax, centre right, Chelsea Manning, collective bargaining, Columbine, Corn Laws, corporate governance, corporate social responsibility, creative destruction, credit crunch, David Ricardo: comparative advantage, debt deflation, desegregation, disinformation, disruptive innovation, do well by doing good, Donald Trump, driverless car, Edward Snowden, failed state, Fall of the Berlin Wall, financial deregulation, financial innovation, Francis Fukuyama: the end of history, full employment, Gini coefficient, Glass-Steagall Act, global supply chain, guns versus butter model, hiring and firing, imperial preference, income inequality, interest rate derivative, invisible hand, It's morning again in America, Jeremy Corbyn, John von Neumann, Joseph Schumpeter, Julian Assange, junk bonds, Khartoum Gordon, land reform, liberal capitalism, liberal world order, light touch regulation, Long Term Capital Management, low interest rates, market bubble, Martin Wolf, means of production, Michael Milken, Mikhail Gorbachev, Monroe Doctrine, Mont Pelerin Society, moral hazard, Naomi Klein, new economy, New Journalism, Nixon triggered the end of the Bretton Woods system, no-fly zone, Norman Macrae, Northern Rock, Occupy movement, Philip Mirowski, plutocrats, post-war consensus, price stability, quantitative easing, race to the bottom, railway mania, rent control, rent-seeking, road to serfdom, Ronald Reagan, Rosa Parks, Seymour Hersh, Snapchat, Socratic dialogue, Steve Bannon, subprime mortgage crisis, Suez canal 1869, Suez crisis 1956, The Wealth of Nations by Adam Smith, Thomas Malthus, too big to fail, trade liberalization, trade route, unbanked and underbanked, underbanked, unorthodox policies, upwardly mobile, War on Poverty, WikiLeaks, Winter of Discontent, Yom Kippur War, young professional


Frommer's Israel by Robert Ullian

airport security, British Empire, car-free, Chuck Templeton: OpenTable:, East Village, Easter island, gentrification, haute cuisine, Khartoum Gordon, mass immigration, Maui Hawaii, Mount Scopus, place-making, planned obsolescence, Silicon Valley, Skype, Suez crisis 1956, sustainable-tourism, trade route, urban planning, urban sprawl, Yom Kippur War

The Dead Sea, heavily saturated with minerals, has only begun to be exploited (though the price of mining this bonanza may be the destruction of The Dead Sea as one of the world’s great natural wonders). Oil, however, must be imported. Israel’s brilliant medical community, scientific establishment, and computer industries may one day benefit the entire region. WAR & THE SEARCH FOR PEACE During the Suez War of November 1956, 326–614 Hundreds of Byzantine churches and monastic communities built. Restrictions against Jews. ■ 351 Jews of Galilee rebel against Byzantine/Christians. ■ 400 Codification of Jerusalem Talmud. ■ 614–629 Jerusalem conquered by Persians, recaptured by Byzantines. ■ 638 Islamic conquest of Palestine.


pages: 935 words: 267,358

Capital in the Twenty-First Century by Thomas Piketty

accounting loophole / creative accounting, Asian financial crisis, banking crisis, banks create money, Berlin Wall, book value, Branko Milanovic, British Empire, business cycle, capital controls, Capital in the Twenty-First Century by Thomas Piketty, carbon footprint, carbon tax, central bank independence, centre right, circulation of elites, collapse of Lehman Brothers, conceptual framework, corporate governance, correlation coefficient, David Ricardo: comparative advantage, demographic transition, distributed generation, diversification, diversified portfolio, European colonialism, eurozone crisis, Fall of the Berlin Wall, financial intermediation, full employment, Future Shock, German hyperinflation, Gini coefficient, Great Leap Forward, high net worth, Honoré de Balzac, immigration reform, income inequality, income per capita, index card, inflation targeting, informal economy, invention of the steam engine, invisible hand, joint-stock company, Joseph Schumpeter, Kenneth Arrow, low interest rates, market bubble, means of production, meritocracy, Money creation, mortgage debt, mortgage tax deduction, new economy, New Urbanism, offshore financial centre, open economy, Paul Samuelson, pension reform, power law, purchasing power parity, race to the bottom, randomized controlled trial, refrigerator car, regulatory arbitrage, rent control, rent-seeking, Robert Gordon, Robert Solow, Ronald Reagan, Simon Kuznets, sovereign wealth fund, Steve Jobs, Suez canal 1869, Suez crisis 1956, The Nature of the Firm, the payments system, The Theory of the Leisure Class by Thorstein Veblen, The Wealth of Nations by Adam Smith, Thomas Malthus, Thorstein Veblen, trade liberalization, twin studies, very high income, Vilfredo Pareto, We are the 99%, zero-sum game


pages: 1,117 words: 270,127

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pages: 1,335 words: 336,772

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance by Ron Chernow

Alan Greenspan, always be closing, bank run, banking crisis, Bear Stearns, Big bang: deregulation of the City of London, Black Monday: stock market crash in 1987, Bolshevik threat, book value, Boycotts of Israel, Bretton Woods, British Empire, buy and hold, California gold rush, capital controls, Carl Icahn, Charles Lindbergh, collective bargaining, Cornelius Vanderbilt, corporate raider, death from overwork, Dutch auction, Etonian, financial deregulation, financial engineering, fixed income, German hyperinflation, Glass-Steagall Act, index arbitrage, interest rate swap, junk bonds, low interest rates, margin call, Michael Milken, military-industrial complex, money market fund, Monroe Doctrine, North Sea oil, oil shale / tar sands, old-boy network, paper trading, plutocrats, Robert Gordon, Ronald Reagan, short selling, stock buybacks, strikebreaker, Suez canal 1869, Suez crisis 1956, the market place, the payments system, too big to fail, transcontinental railway, undersea cable, Yom Kippur War, young professional

In a reply marked “personal and confidential,” the president agreed, but added resignedly, “The attitude [among politicians] seems to be ’do the thing that seems most popular at this moment.’ ”9 Henry Alexander was so popular at the White House that the press dubbed him “Ike’s banker.” Although Alexander was the most domestically oriented chairman in Morgan history—he came in after the foreign loans of the twenties and never lived abroad—he fully internalized the Morgan identification with Britain. This was patent during the Suez affair. On July 26, 1956, Egypt’s prime minister Gamal Abdel Nasser nationalized the Suez Canal. The next day, the British prime minister, Sir Anthony Eden, informed Eisenhower that Britain was drawing up military contingency plans to reclaim the canal. By early November, Britain, France, and Israel invaded Egypt, to the great dismay of Eisenhower and his secretary of state, John Foster Dulles.


pages: 1,993 words: 478,072

Europe: A History by Norman Davies

agricultural Revolution, Albert Einstein, anti-communist, Berlin Wall, bread and circuses, Bretton Woods, British Empire, business climate, centre right, charter city, classic study, clean water, Columbian Exchange, conceptual framework, continuation of politics by other means, Corn Laws, cuban missile crisis, Defenestration of Prague, discovery of DNA, disinformation, double entry bookkeeping, Dr. Strangelove, Edmond Halley, Edward Lloyd's coffeehouse, equal pay for equal work, Eratosthenes, Etonian, European colonialism, experimental economics, financial independence, finite state, Francis Fukuyama: the end of history, Francisco Pizarro, full employment, gentleman farmer, global village, Gregor Mendel, Honoré de Balzac, Index librorum prohibitorum, interchangeable parts, invention of agriculture, invention of movable type, Isaac Newton, James Hargreaves, James Watt: steam engine, Johann Wolfgang von Goethe, Johannes Kepler, John Harrison: Longitude, joint-stock company, Joseph-Marie Jacquard, Korean Air Lines Flight 007, land reform, liberation theology, long peace, Louis Blériot, Louis Daguerre, Mahatma Gandhi, mass immigration, Mikhail Gorbachev, military-industrial complex, Monroe Doctrine, Murano, Venice glass, music of the spheres, New Urbanism, North Sea oil, offshore financial centre, Peace of Westphalia, Plato's cave, popular capitalism, Potemkin village, purchasing power parity, Ralph Waldo Emerson, road to serfdom, sceptred isle, Scramble for Africa, spinning jenny, Suez canal 1869, Suez crisis 1956, Thales of Miletus, the scientific method, The Wealth of Nations by Adam Smith, Thomas Malthus, trade route, transatlantic slave trade, Transnistria, urban planning, urban sprawl, W. E. B. Du Bois


Reaganland: America's Right Turn 1976-1980 by Rick Perlstein

8-hour work day, Aaron Swartz, affirmative action, air traffic controllers' union, airline deregulation, Alan Greenspan, Alistair Cooke, Alvin Toffler, American Legislative Exchange Council, anti-communist, Apollo 13, Ayatollah Khomeini, Berlin Wall, Bernie Sanders, Boeing 747, Brewster Kahle, business climate, clean water, collective bargaining, colonial rule, COVID-19, creative destruction, crowdsourcing, cuban missile crisis, currency peg, death of newspapers, defense in depth, Deng Xiaoping, desegregation, disinformation, Donald Trump, Dr. Strangelove, energy security, equal pay for equal work, facts on the ground, feminist movement, financial deregulation, full employment, global village, Golden Gate Park, guns versus butter model, illegal immigration, In Cold Blood by Truman Capote, index card, indoor plumbing, Internet Archive, invisible hand, Julian Assange, Kitchen Debate, kremlinology, land reform, low interest rates, Marshall McLuhan, mass immigration, military-industrial complex, MITM: man-in-the-middle, Monroe Doctrine, moral panic, multilevel marketing, mutually assured destruction, New Journalism, oil shock, open borders, Peoples Temple, Phillips curve, Potemkin village, price stability, Ralph Nader, RAND corporation, rent control, road to serfdom, Robert Bork, Robert Solow, rolodex, Ronald Reagan, Rosa Parks, Saturday Night Live, Silicon Valley, Suez crisis 1956, three-martini lunch, traveling salesman, unemployed young men, union organizing, unpaid internship, Unsafe at Any Speed, Upton Sinclair, upwardly mobile, urban decay, urban planning, urban renewal, wages for housework, walking around money, War on Poverty, white flight, WikiLeaks, Winter of Discontent, yellow journalism, Yom Kippur War, zero-sum game