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...time the Shah retired to the com pany of other women, the glow of fine French champagne and the stimulus of high-stakes poker games with cronies at Saadabad Palace, where he glumly lost a reported 10 million rials ($130,000). Late last year, after his companions had searched far and wide for someone who met the royal standards, the Shah struck up a third match with 21-year-old Farah Diba, a pert Iranian art student in Paris who, after royal treatment by Dior, Revillon and Carita, easily equaled his first two wives in comely poise. Soon after their...

Author: /time Magazine | Title: IRAN: Reformer in Shako | 9/12/1960 | See Source »

...Capitol Hill, Kennedy had other worries besides. Midwestern polls suggested that the force of the farm revolt against the G.O.P. has been overestimated. Anti-Catholic prejudice was looming bigger in the South and Midwest than Kennedy had expected. In New York, a nonprofit organization called the Fair Campaign Practices Com. mittee gloomily reported that it saw "a substantial danger that the campaign in 1960 will be dirtier on the religious issue than it was in 1928." With religion hurting Kennedy in Dixie, Republicans were headily predicting that Nixon would carry Virginia, Florida, Tennessee, Texas and even North Carolina...

Author: /time Magazine | Title: THE CAMPAIGN: Round Two | 9/5/1960 | See Source »

...tickets before the first event was held. Among the athletes were scores of strong-willed and strong-muscled individualists, men and women with the zeal to toil through tedious years of training and the control to reach their peak in the brief, intense flurry of com petition. Even in such a high-caliber group, a dignified U.S. Negro named Rafer Johnson stood...

Author: /time Magazine | Title: Sport: To Do a Little Better | 8/29/1960 | See Source »

There are some who now argue that Charles Edward Ives is the finest com poser the U.S. has produced. But back in 1945, when Schoenberg singled him out, Ives was a name only to a handful of professionals, though he had anticipated Schoenberg's experiments in atonality by two decades. Not until two years later did really popular recognition begin to even the score. When Ives got the 1947 Pulitzer Prize (for a composition that lay unplayed in his West Redding, Conn, barn for more than 40 years), he was already 72. Last week, when the first American recording...

Author: /time Magazine | Title: Music: Radical from Connecticut | 8/22/1960 | See Source »

...Federal tax write-offs work this way: a com pany can charge development and modification costs, and losses in market value of its products, (e.g., airplanes) against current expenses. If the company ends up with a net operating loss, it can claim its loss of profits from the Government as a cash refund on its three previ ous years' back taxes. If this is not enough to cover its losses, it can offset future earnings for up to five years. These write-offs are sometimes the most valuable ingredient in money-losing companies up for sale...

Author: /time Magazine | Title: AVIATION: In One Big Gulp | 8/22/1960 | See Source »

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