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...bareboat business has meant smooth sailing for virtually all concerned. But some storm clouds now loom. The Treasury Department's recent tax-reform proposals would eliminate the investment tax credit and remove other breaks that yacht investors use. Says Sail Belize's Gegg: "If the changes are drastic, they could wipe out our industry and many of the boatbuilding companies as well...

Author: /time Magazine | Title: Tropical Rent-A-yacht | 3/18/1985 | See Source »

Jarmusch transposes borredoin and disappointment into a deadpan dramatic bass-line that lops along with its loom-pah-loom-pah Sereanun' Jay Hawkins soundtrack. The camera just watches these characters, from above or below like a surreal intruder, or straight-on as though it were positioned behind a one-way mirror. They don't perform; they just are and sometimes they just are not. The camera watches them watching television, not talking, avoiding each other, waiting, arguing impatiently when forced to think about what is, to them, the painfully obvious. Punctuated with blackouts at the end of every scene, Paradiseis...

Author: By Susan Morris, | Title: Where's the Beach? | 2/15/1985 | See Source »

...deficits that now loom so large were unimaginable just a few years ago. The U.S. had a balanced budget in 1960 and again in 1970. How did we get to a deficit of nearly 5% of G.N.P. in 1984? The answer in short is that Government spending has increased sharply without a corresponding increase in taxes to pay for it. But this short answer hides four important facts about the way that the composition of spending and taxes has changed...

Author: /time Magazine | Title: Essay: How to Get the Deficit Under $100 Billion | 2/4/1985 | See Source »

...dreams vaguely of adventure, of discovering what she likes to call "the real India." Outside, the real India broods enigmatically, and we see the train from another of the subcontinent's perspectives, as a tiny toy almost lost at its feet. In the shadowy foreground of these shots loom India's temples and palaces, symbols of its several cultures and religions, of a history?a maddeningly complex reality?impenetrable to the passing stranger...

Author: /time Magazine | Title: A Superb Passage to India | 12/31/1984 | See Source »

From South Africa's viewpoint, U.S. holdings loom large. American companies control nearly 70% of the nation's computer industry and one-half of its petroleum business. Yet from the U.S. perspective, the activity is relatively small. Although bank loans amount to $3.88 billion and stock holdings in South African companies to $7.6 billion, direct investment of U.S. corporations was only $2.3 billion at the end of last year. That is a mere 1% of all U.S. corporate investment abroad...

Author: /time Magazine | Title: Corporate Squeeze | 12/17/1984 | See Source »

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