Word: wealth
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Dates: during 1980-1989
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...private arms dealers you describe in your story "Arms for the Ayatullah" [July 25] are frightening individuals who earn their wealth by selling death. Even more despicable are nations like South Korea and Israel that resell arms ostensibly bought for their own defense. For our "allies" to turn around and sell those weapons to Iran, where we have banned such sales, is shocking...
...still shines with promise. As family businesses go, Saudi Arabia is immensely successful. Within a single generation, the ruling House of Saud has transformed its desert kingdom from a nomadic backwater into an influential power with all the trappings of a modern nation. Most of Saudi Arabia's wealth, in fact, has been accumulated only in the past decade: with nearly a quarter of the world's proven oil reserves, the kingdom profited handsomely when petroleum prices quadrupled in the wake of the 1973 Arab-Israeli war. In 1981, for example, the country collected an estimated $110 billion...
...Cambridge $5,000 to help preserve the archives, and he also donated $10,000 to the University of Utah, where he was a visiting scholar, for a series of lectures on evolution. Says Ghiselin: "I've become sort of a philanthropist myself. It allows me to share the wealth...
...relinquish his claims to divinity in 1946. Under the 1947 constitution the Emperor was identified as nothing more than "the symbol of the state and of the unity of the people." Commoners were no longer forbidden to speak his name or look at his face; 90% of his wealth, estimated at $250 million, was confiscated. Characteristically, the bespectacled monarch absorbed such indignities without comment, let alone complaint. Taking cheerfully to frugality, he began donating food from the imperial household to his beleaguered countrymen...
...professional school for lawyers, judges and prosecutors. A mere 457 passed. Graduates find the law no stepping stone to prominence. None of Japan's 16 postwar Prime Ministers, for instance, has been a lawyer. Only 51 of the 763 Diet members are attorneys. Nor does the position confer wealth. Only 20% make more than $43,000 annually...