Word: year
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Dates: during 1940-1949
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After the old Shah was deposed in 1941, and his son, Mohamed Reza Pahlevi, ascended the throne, things were put on a more businesslike basis. A year ago, the young Shah hired Overseas Consultants, Inc., an eleven-member combine of U.S. industrial consultants and engineering firms,* to blueprint a seven-year plan to develop and industrialize Persia...
From the Federal Reserve Board came more bullish news in a survey of consumer buying. Despite the recession in the first half of the year, FRB found that few consumers had curtailed buying plans. FRB also noted that consumers were, by & large, counting on a continued high level of income-and with good reason. Personal income for the first eight months of the year, the Department of Commerce reported last week, was at a record rate of $212.6 billion, some $3.2 billion more than in the same period last year...
O.C.I, will start eliminating this abysmal misery not with steel mills and hydroelectric plants, but with cheap soap and DDT. Among the report's specific recommendations for the first year: spray DDT in barns, homes, under sleeping quilts and on the Persians themselves; hire 200 vaccinators and send them out to the villages; begin immediate instruction in elementary midwifery. At Karaj, where the old Shah wanted to build an integrated steel mill, O.C.I, recommends instead a small blast furnace and foundry to produce the pipe which Persia will need during the plan's first phases...
...achieve her plan, Persia proposes to spend a total of $650 million, an estimated 35% to 40% of which will be spent abroad. The bulk of the development cash will come from Persian government royalties from the British Anglo-Iranian Oil Co. Anglo-Iranian last year paid Persia some $35 million in royalties, but a new pipeline to be built from Abadan on the Persian Gulf to Tripoli in Lebanon, under a deal between Anglo-Iranian, Standard Oil (N.J.) and Socony-Vacuum, is expected to let Anglo-Iranian boost output and raise royalties to as much as $50 million next...
After nearly 3½ years as the watchdog of Wall Street, Securities & Exchange Commission Chairman Edmond M. Hanrahan, 44, decided that it was time to watch his family's financial security and his wife's health. Last week, "with great reluctance," he resigned from the $10,000-a-year job to return to the Manhattan law firm of Sullivan, Donovan & Heenehan as a partner. No politico, Hanrahan considered SEC a regulatory rather than a reform agency, thus got along fine with Wall Streeters. Besides, he understood Wall Street's problems and talked its language. During Hanrahan...