Word: iran
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Barnes served as the second president of the Iran Center for Management Studies (ICMS)—a Harvard-affiliated business school in Tehran, where HBS professors and Iranian Harvard graduates taught both Iranian and foreign businessmen in an 11-month program—from 1975 to 1977. He also taught there, charming both the students and professors—listening so intently that he made it seem “as though you were the only person in the world that mattered at the time,” said Kasra Ferdows, a Georgetown Business School professor who taught...
Barnes’ experience in Iran left a lasting impression on him. When Ferdows visited Barnes in Cambridge a little over a decade after Barnes’ tenure in Iran, he recalled seeing about 40 photos of ICMS professors, staff, and students in Barnes’ office...
...could purchase unlimited amounts of gasoline for about 30 cents a gallon, the benefits of the gasoline subsidy, as well as subsidies for cooking gas and electricity, were overwhelmingly going to wealthier Iranians, simply because they spent more on consumption. In 2005, the World Bank estimated that 94% of Iran's energy subsidies in urban areas were benefiting the nonpoor. In other words, those who least needed their consumption subsidized were getting most of the benefits. In the run-up to the 2005 presidential elections, all the candidates across the political spectrum, including the subsequent winner Mahmoud Ahmadinejad, promised...
Many Iranians were not happy with the new limits and prices, naturally, and several gas stations were torched in the initial days of the program. Today, fewer complaints are heard, but Iranians still use more gas than they can refine inside the country. Iran's domestic production of gasoline over the past year averaged 45 million liters a day, yet consumption has averaged 67 million liters a day, even after the rationing program was implemented. New proposals are being discussed in Iran's parliament to further limit the rationed amount, and would gain extra heft if any serious moves...
With new refineries in construction - thanks to incoming Chinese, Russian and Indian investment - Iran predicts it will be self-sufficient in gasoline production by 2013. That seems a little optimistic, but further tough talk by the U.S. on a gas embargo may just help Iran reach its long-held goal a little faster...