Word: complexity
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Dates: during 1970-1979
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...truth about the Shah is far more complex. He was indeed a staunch U.S. ally, restored to his throne by a CIA-organized military coup after a six-day exile in 1953. Yet he damaged the U.S. economy by leading a quadrupling of world oil prices in 1973-74, something that no mere puppet would ever dare do. He was a despot whose secret police did use torture, as he once admitted to TIME, and who eventually earned the passionate hatred of his people. But his repressions were hardly on the same scale as those of this century...
...whoever will be running the country in the months ahead-faces some hard, unpopular decisions. In essence, Bolivia is broke. A representative of the International Monetary Fund has recommended a devaluation of the Bolivian peso, which is artificially pegged at 20 to the dollar, to help solve a complex of economic problems ranging from severe inflation to a foreign debt of $3 billion. Natusch, unrealistically, had promised to attack these economic woes by raising workers' salaries "without provoking inflation and without devaluing the currency...
...only is the VAT regressive--it is also very complicated. In Europe it has earned a reputation for simplicity only because it replaced a vastly more complex system of business turnover taxes. But in the United States experts predict that the VAT will force businessmen to spend much more time keeping their ledgers in order. By creating more paperwork, the VAT may push marginally profitable enterprises out of business...
...quite so extravagant. Sakowitz's biggie is a personal home health care center that includes his-and-her locker rooms, whirlpool, steamroom, indoor track and gym, an exercise room, a First Aid room, and a health food bar. You provide the land, and Sakowitz will build the complex for $1.6 million...
Jaffe said the program was not well administered because the board members have positions with other state agencies. They do not have the time to administer the complex needs of the CHSB, he added...