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Freed from the necessity of wooing voters or answering opponents, Mrs. Gandhi was able to sidestep her socialistic promises of welfare programs and land reform. To contain inflation, the government in effect banned strikes and required employers to withhold and deposit in banks money awarded to workers in wage increases. Production quotas on private industry were lifted. (Businesses had not been allowed to produce as much as they could, out of socialistic concern that their owners might get too rich.) The dominant state-owned sector of industry, which deals in such key goods as steel, coal and iron...

Author: /time Magazine | Title: INDIA: The Elephant Turns Frisky | 2/7/1977 | See Source »

...Pepsi is promoted as a health-giving tonic-an ideal way, as Novorossisk Plant Manager Andrei Oganov puts it, "to quench the thirst, invigorate the body and raise the tone." The chief problem the Russians have had with it is a low rate of bottle returns: despite a 120 deposit included in the 540 price, souvenir-minded Russians have been hanging on to two of every five bottles sold...

Author: /time Magazine | Title: TRADE: Profiting from Pepskis | 1/31/1977 | See Source »

...Citibank, which now offers full-service banking in separate offices in the Christian and Moslem quarters of the city. Some bankers fear a run on reopening day, but on the basis of experience so far among banks that have reopened, more Beirutis are likely to deposit-from such war-time enterprises as looting and protection rackets-than withdraw...

Author: /time Magazine | Title: LEBANON: New Era--or No Man's Land | 1/10/1977 | See Source »

...shelling of the Mauritanian capital a great victory. They have brought Mauritania close to economic disaster with periodic attacks on the 450-mile rail line, which brings the country's iron ore to the sea. In the north, Polisario has also shut down the vast Moroccan-controlled phosphate deposit at Bu Craa by harassing the mine and its 60-mile conveyor belt to Atlantic Ocean docks at Aaiun. The attacks, ironically, have helped Morocco's domestic phosphate industry by keeping supplies short...

Author: /time Magazine | Title: NORTH AFRICA: Shadowy War in the Sahara | 1/3/1977 | See Source »

...Sheraton Commander is also filled, but requires a deposit by December 15 to hold the reservation. If deposits are not received, the hotel will take new reservations at that time, Joseph Sheerin, desk clerk, said yesterday...

Author: By Donald Berk, | Title: Seniors Grab Hotel Rooms For Next June | 12/7/1976 | See Source »

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