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...will tax the values added to all goods at each stage of the production and sales process. Every time a manufacturer or entrepreneur raises the price of a product, the government will tax this added value at a rate of 10 percent. Without the VAT, Ernest and Julio Gallo sell their Pinot Chardonnay to a wine distributor for $18 a case. But this tax will force the Gallo Bros. to raise the price of their wine to $20, to cover the $2 they will have to pay the government. The wine distributor then sells the Pinot Chardonnay to liquor store...

Author: By David H. Feinberg, | Title: Not VAT Again | 12/6/1979 | See Source »

Though a group of Colombian Congressmen also endorse the idea, most ranking officials remain opposed to the proposal. Colombian President Julio César Turbay Ayala sees "no possibility" of legalization. His feeling is shared by Attorney General Guillermo Gonzalez Charry, who is worried about marijuana's effect on the health of Colombian youth. By A.N.I.F.'S estimate, only 5% of the crop is smoked locally, and Gonzalez wishes to keep it that way. Captain Luis German Leon, head of the secret police narcotics unit, fears that if pot were legalized many people now involved in the marijuana...

Author: /time Magazine | Title: Business: High Profits | 9/17/1979 | See Source »

...DIED. Julio de Diego, 79, Spanish-born artist whose vivid paintings of sinister battle scenes and mechanistic landscapes are in the collections of major museums; of cancer; in Sarasota, Fla. Diego left home at 15 to apply his brushes to everything from inn signs to stage sets. In 1924 he emigrated to the U.S. and worked as a fashion illustrator before achieving success as a muralist. For seven years Diego was married to Burlesque Queen Gypsy Rose...

Author: /time Magazine | Title: Milestones, Sep. 3, 1979 | 9/3/1979 | See Source »

...Julio Cesar Nunez...

Author: /time Magazine | Title: Letters, Aug. 20, 1979 | 8/20/1979 | See Source »

Summer is every man a king and every woman a queen. Maria Elizabeth Julio was named Miss Italian Festival in Baltimore and headed for the pizza stand; Sally Stallings was Queen of the Old Spanish Days Fiesta parade in Santa Barbara, Calif., and rode among 150 floats and strutting flamenco dancers...

Author: /time Magazine | Title: Nation: Summer, U.S.A. | 8/20/1979 | See Source »

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