Word: closed
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Dates: during 1950-1959
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Ever since tear-spouting Premier Mohammed Mossadegh brought his country close to economic ruin in 1951 by nationalizing its oil industry,* Iran has been trying to import as much foreign money and knowledge as possible. Thanks to the Western-minded Shah, Iranian law now offers solid safeguards to foreign investors. The question, after what happened in neighboring Iraq, is whether the politically discontent will wait for long-range economic benefits. Wall Street is making an impressive bet on Iran's peaceful future...
...Avenue adman who has made a suggestion that is unpopular with the sponsor. In effect, he said, federation was just an idea he had tossed on the table to see if it would get up and dance. He did not intend an immediate political union; all he wanted was close military cooperation and the removal of custom barriers and passport restrictions...
Mahler: Symphony No. 2, "Resurrection" (Emilia Cundari, Maureen Forrester, Westminster Choir; New York Philharmonic, conducted by Bruno Walter; Columbia, 2 LPs). An invaluable record of a mammoth mixture of mysticism, romanticism and folklore by a composer often rated alongside history's greatest, conducted by his disciple, close friend and most inspired interpreter...
...that gold price will be boosted from $35 per oz. U.S. traders buy 90-day gold futures from British and Swiss, pay 2% premium. British and Swiss sell short, i.e., borrow gold to sell to U.S. traders, because they figure chances of price rise are dim. Trading volume runs close to $1,000,000 a week...
...AIRWAYS CZAR to control jet-age traffic will be either CAA administrator James Pyle or President's aviation adviser, Lieut. General (ret.) Elwood Quesada. Commerce Under Secretary Louis Rothschild sorely wanted job, but airmen protested he was too close to rail interests...