Word: billions
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Dates: during 1970-1979
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...Shah's oil revenues soared from just over $1 billion a year at the beginning of the decade to $21 billion by the late 1970s. That enabled him to buy nuclear reactors from France and Germany, steel mills from the Soviet Union, telecommunications systems from the U.S. In the mid ' 70s, the growth rate of the Iranian economy shot up to an unbelievable 41% per year. The Shah further set out to build one of the world's foremost military machines, and in the last 20 years of his reign spent a cool $36 billion on arms...
...down, especially because in Iran, as in other Middle Eastern monarchies, there traditionally has been little distinction drawn between the treasures of the ruler and those of the nation. A lawsuit filed in New York last week on behalf of the revolutionary government accuses the Shah of diverting $20 billion in national assets to his own use, and charges Empress Farah with taking $5 billion. But it offers no evidence and indeed admits that the sums are pretty much a guess. The Shah's own figure for the size of his fortune, given to Barbara Walters...
...nationalist leader said, "Colonialism doesn't work," and cited a $13 billion debt and a 30-40 per cent unemployment rate...
...fails to outline a strategy for D-day beyond a vague "supply-oriented" program that features a watered-down windfall profits tax to finance drilling and synthetic fuels development. Bush calls for limits on federal spending but rules out a constitutional yoke. His $20 billion tax cut would be split fifty-fifty between business and individuals...
...International Joint Commission, the group overseeing the U.S.-Canadian agreements to clean up the waters, more than 600 of the 864 major dischargers into the Great Lakes now meet the tough new water-quality regulations. In the past ten years U.S. and Canadian municipalities have spent more than $5 billion to improve sewage treatment plants. Industries, often prod! ded by injunctions and fines, have spent billions more...