Word: oils
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Dates: during 1970-1979
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...Christmas catalogue. Among this year's offerings: a professionally filmed documentary of your life for $50,000, a private island and lighthouse in the Pacific for $750,000, your wife's weight in loose 10-carat diamonds at $4 million per lb. and an offshore oil rig, capable of drilling in 300 ft. of water, for $28.7 million...
These were questions that plagued nervous Western diplomats as Iran-the oil-rich keystone to stability in volatile Central Asia-staggered through another week of turmoil and antigovernment demonstrations that have brought the economy to a virtual standstill. A walkout by 11,000 employees of Iran Air grounded all 162 daily flights of the country's flag airline; more serious was a strike by 37,000 workers at Iran's nationalized oil refineries, which initially reduced production from 6 million bbl. per day to about 1.5 million bbl. That strike not only cost the government about $60 million...
...week's end some oil personnel were already back on the job. But the country's mood remained tense as troops with automatic weapons and tear-gas grenades fired on demonstrating students at Tehran University. The government said there were no deaths, but student groups claimed that 40 or more had been killed. Meanwhile, Shah Mohammed Reza Pahlavi was consulting with leaders of the opposition on how to maintain order without jeopardizing the liberalization policies that he initiated last summer...
...oilworkers' walkout climaxed two months of labor unrest that has spread to nearly every sector of the economy. Demands ranged from pay hikes to compensate for Iran's oil-fueled inflation (officially pegged at 50%) to political reforms, an end to martial law and the release of all remaining political prisoners. Stung by a strike that involved 1 million civil servants and government workers, authorities by and large have acted swiftly to satisfy many of the grievances. Government workers were granted wage increases ranging from 25% to more than 100% as well as such fringe benefits as subsidized...
...coup brought a pro-Moscow regime to power]. They don't want to contest us on this issue." The Russians, in fact, were suffering more immediately from the oilworkers' strike than the West was. While the Shah's allies worried about the potential future loss of oil exports, a vital pipeline that supplies 10 billion cubic meters per year of Iranian natural gas to military installations and industries in the southern part of the U.S.S.R. was abruptly closed down...