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...business lunch can still be deducted. The oil-and-gas lobby managed to restore over half the tax breaks for well drilling removed by the original Treasury bill. Lawyers, doctors and accountants won an exemption from more stringent new accounting rules. The lobbying by lawyers was a bit crude: Congressmen received letters that were supposedly written by partners of different law firms but were all signed by the same hand. No matter. Though congressional etiquette demands that each constituent's letter be answered personally, "We just let our word processors talk to their word processors," shrugged a congressional staffer...

Author: /time Magazine | Title: Peddling Influence | 3/3/1986 | See Source »

...Burmah Endeavour is a modern supertanker that can carry 458,000 tons of crude oil, enough to fuel all of Britain for two days. But for the past three years, the great ship has been out of work. It lies at anchor in the port of Southampton, manned only by two security guards who walk its 5 1/2 acres of decks. Meanwhile, 17 more big tankers stand idle in fjords along the coast of Norway. At the port of Fujairah, near the mouth of the Persian Gulf, Harbor Master Roger Turnbull begins each day in his control tower by counting...

Author: /time Magazine | Title: Sailing Off the Deep End & | 3/3/1986 | See Source »

...posters that are most familiar and redolent of the American $ mood over the years. "Keep 'Em on the Run" crys a World War II poster bearing crude caricatures of Hitler, Tojo and Mussolini. In a 1971 Viet Nam- era placard, a Marine drill sergeant braces new recruits with a more subdued slogan: "We Don't Promise You a Rose Garden...

Author: /time Magazine | Title: Uncle Sam Speaks | 3/3/1986 | See Source »

Strangely these stories do not bear down on the reader with the weight of their brutal sex and violence; rather it is Angelo's stylistic violence that is almost unbearable. The graphic, crude rape of Bete, a prostitute, and the torture and murder of five men innocently drinking at the local bar stand out almost as welcome reference points in a mass of words that create--and then ignore--these scenes of horror...

Author: By Thomas A. Christenfeld, | Title: Ivan the Terrifying | 3/1/1986 | See Source »

Mexico's woes have distracted U.S. attention from its own patch of despair in Oklahoma and Texas, said Thurow. Falling crude prices have not only devastated many oilmen there but also their suppliers and much of the real estate industry. Says Thurow: "When the oil industry goes down, the whole infrastructure starts to fall in value." The evidence is abundant. The accounting firm of Price Waterhouse reported last week that the number of Houston businesses declaring bankruptcy rose 33% last year...

Author: /time Magazine | Title: Putting a Tiger in the Tank | 2/24/1986 | See Source »

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