Word: 12â
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...charts, say the Technocrats, show or will show that the present price system will not work. What will work is a world managed by Technocrats wherein everyone does an equal and rather small amount of work (say 12?? hours a week for 20 years) and enjoys an equal and very large income?in goods provided by the state or obtained by an exchange of "erg" tokens...
Cotton men expect another drop in the Government crop estimate for September, look for no sharp set-back in price in the meantime. They recall the famed boom of 1927 when prices zoomed from 12??¢ a pound to 24¢, most of the rise occurring in August and September. In 1921 an unexpectedly short crop of less than 9,000,000 bales combined with a sudden demand from textile mills (which were leading the way out of the post-War slump) shot cotton up 10¢ a pound in six weeks...
...normal income tax rate was upped from 1½%, 3% and 5% to 2%, 4% and 6%. Exemptions were reduced from $3,500 to $2,500 for married persons, from $1,500 to $1,000 for single. The 25% credit on earned income up to $30,000 was reduced to 12??% on incomes up to $12,000. The surtax rate which now stops at 20% was stepped up much faster to 40% on incomes of more than $100,000 per year. What a married man with no dependents would have to pay was set forth in the following table...
...12???Four-man bobsled races, ski jump, hockey...
...Total world production is expected to run at about 75,000 tons a month during 1932, of which 60,000 tons will come from curtailed mines. World output recently was running at 120,000 tons a month. Coppermen are thought to have agreed to stop curtailment should copper reach 12?? or should stocks of copper above ground not equal the deliveries made during the preceding four months...