Word: arnolds
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Dates: during 1970-1979
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...unions' demand for an excess profits tax is a far stickier matter. To A.F.L.-C.I.O. Economist Arnold Cantor, the issue is simple equity. "The income of wage earners is the wage; the income of business is profits," he says -and if one is limited the other should be too. By almost any measure, however, profits are not now excessive but depressed. U.S. corporate earnings after taxes, at an annual rate of $46 billion in this year's second quarter, were actually lower than in 1965. Many economists agree with Walter Heller that "an excess profits...
...Briggs & Stratton Corp., Illinois' Martin Yale Industries, and Pennsylvania's Selas Corp.-were brought before the COLC at the same time as Wettstein. Paul McCracken, the council's vice chairman, ordered the gathering after the COLC staff saw reports of dividend increases in the press. Arnold Weber, executive director of the council, seated the businessmen around a table at the COLC's Washington headquarters and asked them to lower their next dividend in order to offset the latest increases. All except Wettstein agreed to recommend the action at their next board meetings...
After Hedda, social problem yields the stage to religious search. John Gabriel Borkman and Arnold Rubek, the heroes of John Gabriel Borkman (1896) and When We Dead Awaken (1899), Ibsen's last two plays, are close portraits of the artist as an old man battling desperately to make some central sense of his life before it ends. Borkman, the industrialist, loses the battle. "Those mountains far away . . . those veins of iron ore, stretching their twisting, branching, enticing arms towards me . . . wanted to be freed. And I tried . . . But I failed." But Rubek, the artist, in the last scene...
...possibility to be avoided at all costs. Businessmen as well as labor leaders will undoubtedly be called on to compromise on matters of equity in their negotiations with Connally's council, which will become increasingly active in weeks ahead. The final shape of Phase 2 is still uncertain. Says Arnold Weber: "What most people don't understand is that Phase 1 and Phase 2 are connected. What's going to happen in Phase 2 will become feasible because of what has or has not happened in Phase...
...both an import quota and an import tax surcharge. Sellers of nearly all other foreign products whose importation is formally restricted, notably oil, will not have to pay the 10% surcharge. When asked to explain the ruling, which amounts to double protection for domestic steel, COLC Executive Director Arnold Weber pointed out that the original White House explanation of the import surcharge did not contain any mention of steel. Weber continued Delphically: "That flower didn't grow in this field." Actually, the President may well have tacitly agreed at the time of the recent contract negotiations to provide special protection...