Word: nationalizes
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Dates: during 1970-1979
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...auspicious 59th birthday last week for the Shah of Iran. Under mounting opposition from critics of his regime, the Shah has been forced into a radical reassessment of his priorities. In recent weeks, strikes by workers angered over the country's inflation rate (currently 50%) have paralyzed the nationalized oil refineries, postal service, airline, and copper and steel industries. The nation's balance of payments deficit exceeds $5.5 billion. To pay for an across-the-board wage increase for at least 1 million workers, and for subsidized housing and other social projects, the Shah has canceled $7 billion worth...
...specialist in Islamic philosophy and law, Khomeini lives the typically ascetic life of a mullah and hardly looks like a political leader who could galvanize a nation. Yet no less a personage than Ardeshir Zahedi, Iranian Ambassador to the U.S., tried to pay a call on Khomeini in France. The reported purpose of the visit was to persuade Khomeini to return to Iran and help defuse the crisis. But Khomeini refused to see the ambassador. He will not return to Iran, he insists, until the Shah's rule has ended. Last week TIME Correspondent Dean Brelis interviewed Khomeini...
...infiltration of his movement by leftists: Ours is a movement of the entire Iranian nation. It is an honest struggle with Islamic motivation. It obeys God and his laws. It is the Shah who, through his paid agents, deliberately tries to tell the world that our struggle is leftist...
DIED. Anastas Mikoyan, 82, Soviet politician who amazingly survived nearly 50 years of his nation's purges and upheavals and was briefly President of the U.S.S.R. (1964-65); after a long illness. Son of an Armenian carpenter, Mikoyan studied for the priesthood before joining the Bolsheviks in 1915. One of Stalin's most trusted ministers, Mikoyan became known both as a tough, wily trade negotiator well versed in capitalist business practices and as a skilled organizer who directed the evacuation of Soviet industry during World War II. After Stalin's death in 1953, he allied himself with...
...farmer to complain that he does not get to spend enough time in the fields must be something new in the 10,000-year history of agriculture. But in the U.S. of 1978, Pat Benedict is archetypal of the farmers who make U.S. agriculture the nation's most efficient and productive industry and by far the biggest force holding down the trade deficit. Revolutionary changes are sweeping the croplands, making agriculture an increasingly capital-intensive, hightechnology, mass-production business. As a result, U.S. farmers are dividing into two distinct classes. Small farmers, who do not have the technical expertise...