Word: rating
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Dates: during 1970-1979
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...from just over $1 billion a year at the beginning of the 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...
...Differing legends say that the original jewel-encrusted throne was lowered from heaven or made by a hired jeweler from Germany. At any rate it stood in the Great Mogul Palace in Delhi, India, and was brought to Persia by a conquering Shah in the 18th century. The throne on which Mohammed Reza Pahlavi sat is a copy made during the reign of Path Ali Shah (1798-1834) and named after one of his favorites, Tavous Khanoum, or Lady Peacock. * In 1939 the Shah married Princess Fawzia, a sister of Egypt's King Farouk, who had been chosen...
...Louisiana has come a long way from the Depression poverty that Long fought-and exploited. If the state has the highest illiteracy rate in the nation, it ranks with Texas as a leading producer of gas and oil. A burgeoning middle class has produced conservative politics. Republicans are still vastly outnumbered by Democrats, 1.7 million to 81,000, but the G.O.P. is making rapid gains, and many of the state's Democrats are so conservative that they act, and vote, like Republicans. Three of the state's eight Congressmen are now Republicans, and a fourth Republican missed being...
Despite all the lurid stories, China's crime rate is probably lower than that in most Western nations. Some observers suspect that the new campaign against crime is part of a broader movement to restore law-and-order that also includes the recent crackdown on China's tiny dissident movement. Last week Vice Premier Deng Xiaoping, talking to a delegation from the Encyclopaedia Britannica, defended the stiff 15-year sentence meted out six weeks ago to Human Rights Activist Wei Jingsheng on the ground that "we needed to make an example of him." At the same time...
...Consumer Price Index continues to steamroll along at 12.7%, but the prime rate, which banks charge their preferred customers, has come down a quarter of a point from its height of 15¾%. There is a feeling on Wall Street that rates have peaked. This has energized the Dow Jones stock market average, which rose eleven points last week, to close at 822, its best performance since the Volcker rally turned into the Volcker rout after...