Word: sunsets
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Dates: during 1960-1969
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...Actor Efrem .Zimbalist Jr., star of 77 Sunset Strip, left home and, the knowing say, will seek a divorce. The trouble: his wife, Stephanie Spalding, likes horses and he doesn't. Also, he likes Starlet Kipp Hamilton and she, naturally, doesn...
...rice fields stretching south of Saigon seem quiet enough as farmers in conical hats go about their tasks of burning off the stubble of the last harvest or deepening the myriad canals in expectation of the first rains. At sunset the war begins...
...What Sunset hopes to do is take advantage of the U.S. tax law permitting tax deductions for the intangible costs of oil-well drilling, i.e., labor and services, which average 60% of the cost of sinking a well. The reason for the law is the long odds in drilling: only one well in nine ever produces oil. But for Sunset the odds are short-in fact, reversed, because Sunset buys only proven fields, usually brings in nine producing wells for every ten it sinks. Thus, in the last five years Sunset has piled up more tax write-offs from intangible...
...Sunset intends to continue developing San Carlos and other real estate, expects to net $1,000,000 this year, $2,250,000 next year, $3,000,000 to $4,000,000 a year after that. Applying its accrued write-offs to the real estate profits the first two years, Sunset's real estate profits will be taxfree. When the intangible write-offs are used up by 1962, Sterling will carefully gear his well drilling to his real estate taxes, and get rich at the benefit of the tax laws. Says Sterling: "Our people will have to put on roller...
Author Griffin's insight into the gradations of genteel snobbery and the petty power ploys of aspiring bureaucrats reduces most sociological studies to the rank of kindergarten scribbling. Still, the sahib at sunset, whatever his stupidities, retains some of the pathos of an old family retainer sacked after a lifetime of bumbling but single-minded loyalty...