Word: agreements
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Dates: during 1940-1949
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...Teheran Government of wily, tough Premier Ahmad Gavam reoccupied the northern province of Azerbaijan without interference from Russia (TIME, Dec. 23), Gavam was able to smash the Azerbaijan "Democrats" (Red sympathizers) and also to reduce the Communist-tutored Tudeh party to insignificance. That left the Soviet-Persian oil agreement, signed in April 1946, which could not take effect until the Persian Majlis (parliament) ratified...
...agreement provided for a joint stock company, to exist for 50 years, during the first half of which Russia would hold 51% of the stock, Persia 49% (thereafter 50-50). Russia would take oil from north Persia, pay all prospecting and installation costs. Persia would share in the profits, keep title to the land...
After a long-drawn-out election, the new Majlis began slowly to organize. Russia bided its time. Then, in June, two things happened. In an interview, wily Gavam said he thought the oil agreement had no chance of ratification unless it was modified. Next day the U.S. signed over to Persia a $25 million credit, most of it frankly intended for military equipment and supplies...
...Bobby Riggs. During the past seven years, Big Jake and Cocky Bobby have often played against each other in doubles, sometimes for big side bets. Last fall at the Los Angeles Club, Big Jake (teamed with Segura) won $1,000 from Riggs (teamed with Frank Parker). But, by unspoken agreement, the two have never so much as suggested playing singles against each other since 1941-even for fun. When & if they do, it will be in Madison Square Garden, before a packed house, for important money. For Jake Kramer knows that, although "tennis is a game...
Many a businessman last week nodded agreement. The Federal Trade Commission's attack on the steel industry's "price-fixing conspiracy" (TIME, Aug. 25) had hardly left the headlines when the Department of Justice's Antitrust Division sprang into feverish action...