Word: pahlavi
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Dates: during 1970-1979
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...barter arrangement makes eminently good sense for the Iranians. Shah Mohammed Reza Pahlavi has ordered $12 billion worth of military equipment from manufacturers in the U.S. and Europe. Despite the nation's vast oil wealth, it is having cash-flow problems. It will post a $2.4 billion budget deficit this year, mainly because world demand for oil remains well below expectations. Bartering would thus allow Iran to employ its excess oil production capacity and use the crude instead of cash to pay for the planes...
Shah Mohammed Reza Pahlavi has tried to crack down on corruption. Recently, 17,000 Tehran shopkeepers, butchers, grocers and other small businessmen were arrested for price gouging. A new law combats pol-e-chah by making contractors submit affidavits revealing payments to local middlemen and influence peddlers. Various other laws aim at redistributing wealth. Businessmen must now turn over 20% of their profits to their workers, and employees are allowed to buy as much as 49% ownership in their companies...
...many months ago, Iran's national production was growing at a dizzying rate of 42% a year. Shah Mohammed Reza Pahlavi seemed to leaf through Aviation Week as if it were his special Sears catalogue. In the councils of the Organization of Petroleum Exporting Countries, Iran took the lead in insisting that the world price of oil should be pushed ever higher...
Only hours before Shah Mohammed Reza Pahlavi returned from a highly successful visit to the U.S., his capital was shaken by the assassination of two U.S. Air Force officers who had been working with the military-assistance mission in Iran. The Shah called the Tehran murders "disgusting " and blamed a group of pro-Communist terrorists, apparently the same clandestine organization that killed another American officer two years ago. In an interview with TIME Managing Editor Henry Grunwald and Beirut Bureau Chief Karsten Prager at his spacious office in Niavaran Palace, the Shah discussed the incident and a wide range...
...without question the most dazzling state visit that Washington had seen in years. When His Imperial Majesty Mohammed Reza Pahlavi, the Shah of Iran, and his lovely Shahbanou (Imperial Consort), Empress Farah, arrived at the White House for a four-day state visit Thursday, they were greeted by silver-colored trumpets, red carpets and a 21-gun salute that boomed across the South Lawn. Gerald Ford, the seventh U.S. President that the Shah has met in his 34-year reign, greeted his Iranian guests with the kind of warmth normally reserved for close and deeply trusted friends. Outside the White...