Word: perlis
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Dates: during 1970-1979
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...decade to $21 billion by the late 1970s. That enabled him to buy nuclear reactors from France and Germany, steel mills from the Soviet Union, telecommunications systems from the U.S. In the mid ' 70s, the growth rate of the Iranian economy shot up to an unbelievable 41% per year. The Shah further set out to build one of the world's foremost military machines, and in the last 20 years of his reign spent a cool $36 billion on arms-Chieftain tanks from Britain, sophisticated F-14 fighter planes and Hawk and Phoenix missiles from...
...torture tales, U.S. experts estimate the number of political executions under the Shah at about 150 per year. By far the greatest bloodshed under the Shah occurred in the demonstrations that convulsed the country in 1978 and early 1979. The Shah's troops several times opened fire on crowds. Khomeini claims that 100,000 people died; the best guess probably is around...
...assets not only in the U.S. but also in West Germany. The free-for-all rush after Iranian booty put investors and businessmen on edge, rattled money markets and in the process helped send the dollar into a renewed slide while pushing gold back up to more than $400 per oz. In the scramble, banks even wound up suing each other. Lamented one London finance man: "The situation is total confusion." Added a nervous colleague in Frankfurt: "The chaos is complete. You just do not know what to expect next...
...stiff rise from the current official maximum of $23.50 per bbl. now seems increasingly likely when the cartel meets in Caracas on Dec. 17. So too do market-tightening cutbacks by a number of cartel members eager to keep oil prices high even as the world economy slows...
...domestic industry still leads its major foreign competitors in productivity. In fact, it is doing considerably better than European rivals, who also suffer from aged plants and surging costs. But the Japanese are rapidly gaining in the productivity race. They earn less but produce almost as much steel per worker as their American competitors. Over the past decade, productivity growth in the domestic industry has declined from 3% a year to 2%, while wages and benefits have risen from $5.38 to $16.53 for hourly workers, making the 455,000 U.S.W. members among the best-rewarded in the nation...