Word: socialistic
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...French interest in stocks began with Giscard d'Estaing's solid victory in 1978 over the Socialist-Communist opposition and grew with his efforts to deregulate industry. It has been stimulated further by the Monory Law, named after Finance Minister René Monory. The statute, which was passed in July 1978, lets people deduct up to $1,200 a year from their taxable income for stock investments, provided that shares are held for at least four years. In contrast, the U.S. Congress in March passed a bill that will increase the maximum individual tax exemption for stock earnings...
...January with 76% of the vote-a seemingly invincible mandate. He had the confidence and blessing of the all-powerful Ayatullah Ruhollah Khomeini, who bestowed upon him command of the armed forces. Confident and ebullient, he promised to rebuild Iran's battered economy in accordance with the Islamic socialist theories he had developed as a doctoral student at the Sorbonne. Yet somehow Abolhassan Banisadr, 46, has become the saddest political casualty of the Islamic Republic; his clerical enemies in the Revolutionary Council have reduced him to a figurehead chief executive, frustrating his every move. Two weeks...
...Soviets had counted on stirring competition to help carry their socialist message across the free world. In the U.S. alone, NBC had planned more than 150 hours of television coverage; now viewers will have to settle for brief reports on news programs. But the boycott fell short too, with France, Australia and other allies refusing to join. If President Carter thought the tactic would show the Soviet people the error of Afghanistan, he was mistaken. Today ordinary Soviets claim to see little connection between the invasion and the boycott. Instead, they blame "warmongering" by Carter...
...enterprise-zone concept originated in Britain through an unusual alliance of the left and the right. Peter Hall, former chairman of the socialist Fabian Society, wrote a pamphlet that inspired Sir Geoffrey Howe, the Conservative Chancellor of the Exchequer, to urge that it be tried. Despite strong opposition from the Labor Party, the Conservative government in April provided about $70 million for six enterprise districts in England, Scotland, Wales and Northern Ireland...
...unclear and a key issue at the trial, but when police had finally restored order, five W.V.O. members, four white and one black, lay dead or dying, and seven W.V.O. demonstrators and one Klansman had been wounded. Last week four Klansmen and two members of the neo-Nazi National Socialist Party, who also showed up for the rally, were placed on trial for murder...