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...these rates, many developing countries may be forced out of the petroleum market altogether. The impact in the industrialized world will also be severe. Shah Mohammed Reza Pahlavi of Iran, a non-Arab nation that has shunned the boycott but participated in the price hikes, warned last week: "As to the industrial world, I think that they will have to realize that the era of their terrific progress and even more terrific income and wealth based on cheap oil is gone. Eventually, they will have to tighten their belts...

Author: /time Magazine | Title: SUPPLY: From Output Squeeze to Price Embargo | 1/7/1974 | See Source »

...Under Shah Mohammad Reza Pahlavi, Iranians have been working furiously to expand and diversify their economy. Thanks to the quickened flow of oil money, the government has announced that its $16 billion budget for next year-the largest ever-would be balanced. Rumors that a 20% raise for civil servants might be in the budget, though, swiftly sent retail prices up 10%. The government promptly ordered out "anti-price-hike squads" to warn shopkeepers against inflationary gouging...

Author: /time Magazine | Title: SUPPLY: Some Non-Arab Serendipity | 12/24/1973 | See Source »

...that women, when they are in power, are much harsher than men ... You're schemers, you're evil. Every one of you." The misogynist? Iran's Shah Mohammed Reza Pahlavi, 54, in an interview with idol-smashing Italian Journalist Oriana Fallaci published in the New Republic. Fallaci, whose belt already holds the scalps of Henry Kissinger, Willy Brandt and Nguyen Van Thieu, scored again with the revelation that the Shah is not, after all, a ladies' man. What prompted His Sublime Highness's anger, however, was something quite simple. Fallaci had asked...

Author: /time Magazine | Title: People, Dec. 10, 1973 | 12/10/1973 | See Source »

When Farah Diba, an Iranian Girl Scout, and basketball captain of her Teheran school, married the Shah of Iran in 1959, Iranian women were traditionally considered to have "more hair than brains." However, by 1963 Farah's influence on the Peacock Throne was obviously being felt: the Shah gave women the vote. Winding up a private visit to Paris, Empress Farah, 35, stopped off to see the latest portrait of herself, a larger-than-life work by French Painter Edouard Mac'Avoy. The background shows Iran happily progressing toward the millennium: ancient columns mingling with oil derricks, children...

Author: /time Magazine | Title: People, Nov. 5, 1973 | 11/5/1973 | See Source »

...White House driveway there was something close to a traffic jam. Scarcely had the Shah of Iran driven away in his flag-bedecked limousine than Australia's Prime Minister Gough Whitlam pulled up to the door. Yet even as Whitlam walked out the door, he could see that disk-of-the-sun flags were already flying for the next official guest, Japan's Kakuei Tanaka...

Author: /time Magazine | Title: DIPLOMACY: Traffic Jam | 8/13/1973 | See Source »

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