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(Studio) Initial reaction to president Carter's nomination of Textron head G. William Miller as Federal Reserve Board chairperson, replacing Arthur Burns, and questions that have arisen during Senator confirmation hearings about Textron's dealings with foreign govts. outlined.
REPORTER: Frank Reynolds
(DC) Textron's Bell Helicopter division's sale of copters to Iran, involving co. called Air Taxi, partially owned by Iranian air force head and Shah's bro.-in-law, General Mohammad Khatemi, detailed. Photos and film shown. Miller's testimony to Senator, denying knowledge of operation, reported; film shown. [Senator William PROXMIRE - asks if Miller knew Mohammad Khatemi owned Air Taxi.] [MILLER - denies this.] CIA and Defense Department reports with regard to evidence that Bell officials knew of Khatemi's association with Air Taxi, include report that this was common knowledge in Tehran, noted. Effect of uncertainty about Miller nomination on economy and on Carter administration cited.
REPORTER: Dan Cordtz
- Cordtz, Dan;
- Reynolds, Frank
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