Word: shahs
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...bone up on research materials and let some accumulated jet lag unwind-but a Simon faux pas made the brief stopover more eventful than that. Sunning on the beach with Willard C. Rappleye Jr., editor of the American Banker, he expressed in pungent terms his longstanding opinion of the Shah of Iran * who is pushing for higher and higher oil prices and whose nation was pointedly not among the countries that the Secretary would be visiting. Said Simon: "The Shah is a nut." He later explained that he meant the description only in the sense that someone might...
GIOVANNI AGNELLI, Italian industrialist: There are at least two kinds of leadership. One is leadership that cannot be challenged, the other is democratic leadership. The most representative leader of the first kind is the Shah of Iran, who rules over a country where he has absolute powers and has transformed his country into a modern state. At the opposite extreme is the Swedish Prime Minister Olof Palme, whose opposition has reached 50%. His country represents the maximum of social evolution...
...reddest of red carpets that the French rolled out last week for a state visit by Iran's Shah Mohammed Riza Pahlevi and his Empress Farah. The entire French Cabinet lined up at Orly Airport to welcome the Shah. President Valery Giscard d'Estaing skipped the NATO summit in Brussels to welcome the Iranian leader, who was feted at Versailles' Hall of Mirrors with fireworks and dances. At week's end the wooing appeared well worth the effort: Iran agreed to purchase $5 billion in industrial equipment and technology from France in the next decade...
...French have promised to sell the Shah five complete nuclear power plants (price: about $1.2 billion). The French also agreed to construct a subway in Teheran costing at least $600 million, a liquefied natural gas plant ($600 million), and a steel plant. They will construct twelve large tankers and help with a large-bore gas pipe line ($1.7 billion) and supply sophisticated military equipment. In return, the Shah has agreed to deposit $1 billion in the French central bank as an advance payment and increase Iran's shipments of oil to France. The advance payment will help the French...
...urging Western industrial nations to work together in arranging deals with the oil producers rather than proceed bilaterally. Moreover, the sale of nuclear technology does not appear to be limited by strict safeguards against Iran's developing atomic weapons. Thus other Persian Gulf countries, which already fear the Shah's growing military power, are certain to be made even more uneasy by the deal...