Word: aug
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Dates: during 1950-1959
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...food overseas. Yet austerity, the hated catchword of seven lean years (1945-52), is all but disappearing. Britons once again are eating roasts (and carrots) for Sunday dinner. Tea was de-rationed last October; candy, eggs and cream followed this summer. Sugar will be freed next month, and after Aug. 29, bakers will be able to sell white bread for the first time since...
...week starting Friday, Aug. 21. Times are E.D.T., subject to change...
...President Eisenhower delivered another blow to the cinema industry (the first: his pocket veto of the bill granting relief from federal taxes to movie theaters-TIME, Aug. 17). The President plugged a tax loophole through which movie stars have avoided paying income taxes by staying outside the U.S. for an 18-month period. The amended bill limits to $20,000 the amount of tax-exempt earnings within an 18-month period, and will probably do much to bring movie stars, writers and producers home...
...battle is shaping up among farm implement makers. While Ford is preparing to jump in with a big new line of farm machinery (TIME, Aug. 10), British Inventor Harry Ferguson, once Henry Ford's "only partner," is merging with Canada's Massey-Harris. With five plants in the U.S., four in Canada, and others in England, Scotland, South Africa, France and Germany, the new company, Massey-Harris-Ferguson, Ltd., will be the world's third largest farm implement maker, and plans to challenge International Harvester and Deere for first place...
AUTO dealers are being warned by the National Automobile Dealers Association to stop talking about falling car prices (TIME, Aug. 3). Reason: dealers' gloomy talk has already caused cancellations to roll in from buyers. Says the association: "Sad songs are contagious...