Theodore Roosevelt considered its acquisition "the most important action I took in foreign affairs." Laying claim to the 550-sq.-mi. Panama Canal Zone indeed entailed a classic shake of the Big StickĀand so it may again. At his press conference in Minneapolis last week, Secretary of State Henry Kissinger worried aloud that the quasi-U.S. colony, which straddles the strategic waterway that links the Atlantic and Pacific Oceans, could become the focus of "a kind of nationalistic, guerrilla type of operation that we have not seen before in the Western Hemisphere." He was referring to the very real prospect of a...
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