Word: planned
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Dates: during 1970-1979
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...Soviet intentions: It's no secret what the Soviets are doing. They plan to extend their influence in the gulf. They have already gained South Yemen, which is the Soviet base for making trouble elsewhere in this area. Here in Oman we have firsthand experience with how they use people, encourage and aid troublemakers. The Russians wait for opportunity, then they jump. We are prepared to stop troublemakers, but if a Soviet-planned aggression gets too big, we will need support. Sadat will send us military help without hesitation. Saudi Arabia is [also] an obvious power in this area...
...Lusaka, Zambia, in early August, thereby relieving the Thatcher government of the need to take any kind of action on Rhodesia in the meantime. After declaring ambiguously that the U.S. and Britain must recognize that there is "a new reality" in Rhodesia, Secretary Vance heartily endorsed the British plan to send an envoy to Salisbury. Conceivably that plan may give the Carter Administration, as well as the Thatcher government, a little extra time in which to rethink policy on Rhodesia...
Congress weighs a plan to spur investment by speeding depreciation
...idea of revamping the tax laws to bolster investment has lately captured the imagination of political leaders. And the 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...
This week two powerful members of the House Ways and Means Committee, New York Republican Barber Conable and Oklahoma Democrat Jim Jones, will submit a bill calling for a very similar 5-10 depreciation plan. They have dropped the one-year aspect because it is too difficult and costly to determine what kind of federally mandated plant should qualify; for example, regulations require that elevators be installed in 20-story buildings, but no one thinks they should be written off in one year. The kind of expense on which business would like to have relief was highlighted last week when...