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There is a time-honored tradition-in negotiations over nuclear arms, labor contracts or divorce settlements-that both sides come in with their maximum demands, then eventually settle for something approximately halfway between. START, however, is unique in the history of Soviet-American negotiations in that the American position has become increasingly less negotiable as time has gone by. Rather than introducing sweeteners to the rather sour pot in Geneva, the Administration has added new features to its position that are even less acceptable to the Soviets than those in the original proposal...

Author: /time Magazine | Title: Playing for the Future | 4/18/1983 | See Source »

...smaller gulf states, which have funneled hundreds of millions of dollars into the Iraqi war effort. If such hopes are being nurtured in the Iranian capital of Tehran, they are unrealistic. Both sides in the Iran-Iraq war are, as a Western diplomat puts it, "obsessed with getting the maximum military and propaganda advantage" from the spill. Under the shadow of such rampant obstructionism, the nations of the gulf seem doomed to deal with an ever more visible oil glut...

Author: /time Magazine | Title: Persian Gulf: A Glut That Is All Too Visible | 4/18/1983 | See Source »

Under the new rules, French citizens may take the equivalent of only $427 a year out of the country when they travel for pleasure. The penalty for being caught with more: confiscation of the money plus a maximum fine of five times that amount. Complicating matters, personal credit cards issued in France may no longer be used abroad. Said Jean-François Deniau, who was Foreign Trade Minister under former President Valéry Giscard d'Estaing: "We are condemned to spend our vacations in the countryside with Grandmother." Particularly ironic was the fact that shortly after...

Author: /time Magazine | Title: France: The Great Vacation Flap | 4/11/1983 | See Source »

...does not challenge the concept-most of the investment can be written off as expenses, as it is in unsuccessful oil-exploration partnerships devised to shelter income from taxes. If treasure is recovered, profits from the sale could be taxed at the capital-gains rate, currently a maximum of only 20%. If the finds are donated to a museum, the full appraised value is deductible. Of the 1980 Margarita partnership, Burke says, "I tell my investors they've made four or five times their money...

Author: /time Magazine | Title: From Davy Jones, a Tax Shelter | 4/11/1983 | See Source »

...Giovanni Vigliotto, 54, (authorities say he is really Fred Jipp, 47), flea-market merchant who made a habit, and a living, out of wooing, wedding and then fleecing his wives (he claims to have married 105 women in the past 20 years); to 34 years in state prison, the maximum sentence, plus a $336,000 fine, for his February conviction on bigamy and fraud charges brought by one of the 105, Patricia Ann Gardiner; in Phoenix...

Author: /time Magazine | Title: Milestones: Apr. 11, 1983 | 4/11/1983 | See Source »

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