Word: allowance
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Dates: during 1940-1949
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Another factor inflated the Smith-Sherman profit estimates: since the U.S. Treasury does not allow most contingency reserves as a deduction from taxable income, the estimators ignored them in figuring net income after taxes. Yet most large U.S. corporations (and many small ones) have been taking progressively higher reserves for conversion to peace. One index of how such reserves can cut down actual net income (in terms of return to the stockholder): the National City Bank's estimate of first quarter earnings for 260 industrial companies showed a rise of only 7% over the same period last year, despite...
...since religion still grips considerable sections of the population ... we cannot combat it by ridicule. Of course, if some young people find it amusing, that is not so terrible. But we must not allow it to develop into mockery...
...Company Baker is having a bit of music trouble now with the thought of moving ashore next month for they will have to find a new place for the North Matthews "Swing Band" . . . anyplace that they do pick to beat it out will have to be one where they allow it good and loud...
...Army wanted more WAACs (500,000 have been requisitioned) to release more men for combat, Congress was considering bills to make them a part of the regular Army, to allow WAVES to serve abroad. The U.S. was discovering, as England cud long ago, that womanpower is essential to the armed forces in total war. O'Donnell's rumormongering was not calculated to speed that discovery...
...nation should ever again kill pigs in order to raise the price of pork. This idea was turned down in deference to the Administration, an old pigsticker itself. Boldest statement came from the British, who repudiated export or production quotas, and advocated price policies "which balance supply & demand, and allow a steady rate of expansion to the most efficient producers." When in Rome. Fact was that the conference was hamstrung. The U.S. was its host, but the U.S. has also been one of the worst offenders in the matter of trying to boost agricultural prices through artificial restrictions...