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COPYRIGHT 2005 Economist Newspaper Ltd.
For a third time, Iran's parliament has rejected the nominee for oil minister put forward by Mahmoud Ahmadinejad. This marks a serious setback for the new president's plans to shake up the Islamic Republic. It may also end up hurting the economy of the world's fourth-largest oil producer
HE PLEDGES to lay low those "aristocrats" who sit on a dozen managing boards, default with impunity on loans from public banks and drive armour-plated cars worth $300,000. But the fight picked by Iran's fiery president, Mahmoud Ahmadinejad, will be hard to win--not least because, in Iran's semi-socialist economy, the line between entrepreneur and civil servant is all but invisible and the rot so pervasive. He...
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