Word: making
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Dates: during 1970-1979
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...point of view, there was ample reason to welcome some political diversion. He has fared poorly in bringing the Iranian economy back to prerevolutionary levels. Industry is estimated to be operating at only 40% of capacity. With workers' councils sitting in on managerial decisions, many managers are afraid to make decisions on anything but issuing paychecks. Chaos prevails at the docks and at highway customs posts along the main truck route from Europe. Inflation is running at 40%, unemployment at 25%. In Tehran the situation is further aggravated by the migration since the revolution of perhaps 1.5 million people...
...extreme, that would threaten some of the lending banks with failure, and the U.S. Federal Reserve would have to push the money printing presses into overdrive to bail them out by advancing huge loans to the banks. Such a step would amount to the U.S. undertaking to make good for the oil-inflated debts of the world...
...allowed itself to become so dependent on foreign oil. Under the circumstances, there is no guarantee that economic disruption can be avoided no matter what steps the nation takes. But the best hope for avoiding real trauma is to cut consumption, conserve supplies and, at the very least, make do with 700,000 bbl. less of crude per day. Such an effort would put some slack in worldwide petroleum supplies and help restrain prices. More important, it would also show Iran and the world that the U.S. can start breaking its addiction to the demon...
...somehow Government by the people has been snatched away from them. Says he: "I think one of the things that has been done over the past few decades. . . was a tendency to have increasing Government by an elite, and those at the Government levels believing that they had to make the decisions more and more regarding how business and industry are run, interfering virtually in every one of our lives. And they are doing this to a people who for 200 years have probably been the most independent and most individually free people in all the history of mankind...
Carrington is impatient with pomposity or snobbery. His sharp wit is tempered by a self-deprecating humor that allows him to make light of his 183-year-old title. "My name is Smith," he jokes; his family tree traces back to a banker named Tom Smith. The family seat is the Manor House, set in 800 acres near Aylesbury, Buckinghamshire; there Carrington indulges his passion for farming and landscape gardening...