Word: lande
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Dates: during 1970-1979
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...Melba Allen also wanted to become rich, and according to testimony last week in a Montgomery courtroom, this ambition led to her undoing. While state auditor, she began dabbling in her own business on the side, taking out 26 bank loans, mostly to speculate in land sales and help her husband Marvin expand his trucking business. Once installed as Alabama's $23,000-a-year treasurer, she quickly turned her new powers to personal use. Chief among them was authority over the cash in the state treasury, sometimes amounting to $550 million, which by law must be deposited...
...received 130 loans from 58 banks. They totaled $2.9 million; half of them were unsecured. The money went into a variety of enterprises, including more than $400,000 into land development, $378,000 to Marvin's trucking firm and $75,000 for a movie distributing company. She invested $281,000 in Stars over Alabama, a Hamilton amusement park that never opened and mysteriously burned last summer. She even made a brief fling at manufacturing wicker furniture, sinking $14,165 into a company headed by her two children and their spouses...
Here is the latest effort by Yankee traders to gather in some dollars. Each week Dairy land Wholesale, an ice cream producer in Helena, Mont., loads up a truck with 7,200 Popsicles, Fudgesicles and various kinds of ice cream, and has the whole thing flown to Bahrain, in the Persian Gulf. The air freight is $1 per Ib. (about 20? per Popsicle) and the goodies sell for about 30? apiece in Bahrain. "This is an experiment to see how it works out," says the manager of the plant. The Arabs' reaction so far, however, has been less than...
...world for his learning, the mullahs want Iran to be governed by Islamic law, as are Saudi Arabia and Libya. The mullahs' differences with the Shah date back to 1963, when they were divested of vast religious endowments as part of the "white revolution," the Shah's land-reform program. In addition to objecting to the lack of civil liberties, Shar-ietmadari and his colleagues want the Shah to enforce an old constitutional provision that would allow five mullahs to sit as a watchdog committee to see that no laws passed by parliament violate the precepts...
...danger of being overthrown. Iran's monarch still has the machinery of power firmly in his hands. The Shah also has a broad base of popular support, particularly in the army and among farmers and a newly created industrial working class, who have benefited from land reforms and measures giving workers 20% of the profits of companies employing them and allowing them to buy up to 49% of the company's shares...