Word: lifeness
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Dates: during 1970-1979
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...proof the treaty was working. The events, of course, had a special meaning for the people of El Arish, whom a former British governor of Sinai, C.S. Jarvis, once described as "a steady, virile race with a marked propensity for hard work but an extraordinarily crooked, suspicious outlook on life generally." One departing Israeli official noted sarcastically that the biggest Egyptian flags in El Arish last week were flying from the rooftops of families who had cooperated most closely with the Israeli military authorities...
...deep channel of the Strait of Hormuz, 40 miles wide at its narrowest, through which pass half of the world's oil tankers. Says a British major on contract duty with the Oman army: "One battery of artillery or missiles on the Omani side of the strait holds life or death power over the passage...
...plan that is attracting the most sup port will speed up the slow, cumbersome system of tax depreciation. At present, companies are allowed to take deductions from their income to make up for the depreciation of their aging factories and equipment. Those deductions vary according to the expected life of the plant or gear. For example, railroad equipment can be depreciated over 40 years, tractors over three years. Faster depreciation would reduce taxes and thus increase the capital available for investment...
Opposition may come from the Treasury, where some officials not only dislike the revenue loss but also worry about breaking the link between the replacement life of a product and its tax depreciation. Such a break, according to this argument, might cause favoritism for certain industries. The steel industry, which now depreciates its assets rather slowly, would get a better advantage than the auto industry, which depreciates its assets more rapidly. In addition, groups that oppose tax cuts for business will fight the speedy depreciation. However, these opponents are in the minority. Most Congress watchers believe that if the business...
...dusty, steamy Abadan, where temperatures routinely hover at 100° F and the airport VIP lounge has lately been converted into a mosque, an air of normality appears to have returned. But life is anything but normal inside the world's largest refinery (capacity: 630,000 bbl. per day) in the heart of the city. Members of the workers' council argue interminably. Said one welder after a particularly boisterous session: "Nobody can make any decisions. All anybody does is talk...