Abstract
We consider a hypothetical possibility of the variability of light velocity with time and position in space which is derived from two natural postulates. For the consistent consideration of such variability we generalize translational transformations of the Theory of Relativity. The formulae of transformations between two rest observers within one inertial system are obtained. It is shown that equality of velocities of two particles is as relative a statement as simultaneity of two events is. We obtain the expression for the redshift of radiation of a rest source which formally reproduces the Hubble Law. Possible experimental implications of the theory are discussed.
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