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...reports about Mrs. Javits made hardly a ripple in Tehran, where the regime was preoccupied with more pressing matters. Hassan Nazih, head of the National Iranian Oil Co., decried the regime's tendency to "put all political, economic and judicial problems into an Islamic mold." In the port city of Khorramshahr and in Abadan, site of the world's biggest oil refinery, fighting broke out between ethnic Arabs, who want more autonomy from Tehran, and Ayatullah Ruhollah Khomeini's armed forces; at least 25 people were killed in running gun battles. Because he suffered from exhaustion...

Author: /time Magazine | Title: IRAN: Private Access | 6/11/1979 | See Source »

...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...

Author: /time Magazine | Title: Business: Pressing a Capital Idea | 6/4/1979 | See Source »

...these frustrations are being exploited by Marxists. Leftist groups of various sorts are well organized in the oilfields, in the Abadan refinery and even among the well-paid, rather pampered workers at the port of Kharg Island, whose highly sophisticated pipeline network and oil flow control mechanism make it the most vulnerable element in the Iranian oil system...

Author: /time Magazine | Title: Business: Another Crude Awakening in Iran | 6/4/1979 | See Source »

...been 23 years since Fidel Castro, then a beardless young rebel of 30, set sail with a revolutionary band of 81 guerrillas from the Mexican port of Tuxpan for Cuba's Oriente province. Last week the hirsute Cuban leader returned to the land from which he had launched his successful revolt against the government of Fulgencio Batista. At the invitation of President José López Portillo, Castro made a 32-hour visit to the resort island of Cozumel, with a brief stop on the mainland. Between meetings with López Portillo, who effusively welcomed...

Author: /time Magazine | Title: LATIN AMERICA: Fidel Returns | 5/28/1979 | See Source »

...novel, the elite of an African river town gather daily at Bigburgers. The Dr. Livingstones of market research have left no port uncalled. "They don't just send you the sauce, you know, Salim. They send you the whole shop," boasts the franchisee...

Author: /time Magazine | Title: Books: Notes from the Fourth World | 5/21/1979 | See Source »

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