Word: bitingly
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Dates: during 1950-1959
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WHEN Congress last year created the soil bank, it hoped that by paying farmers to take land out of cultivation of price-supported crops a big bite would be taken out of farm surpluses. Both parties were so sure the bank was a good thing that they endorsed it in their platforms, even quarreled over who thought it up in the first place. A fortnight ago, as it appeared that the soil bank this year would cost more than $700 million, the House voted to eliminate $500 million in funds requested to operate the soil bank in 1958, in effect...
Investors refused to bite; the issue was a flop. Last week the Treasury revealed that $1,167,000,000 worth of the maturing notes were turned in for cash, the biggest percentage rate for any Treasury issue in six years. Furthermore, investors showed an overwhelming preference for the short-term certificates, thus foreshadowing further Treasury trouble in floating long-term issues...
Beaver's Bite. The British critics' chief target is the Independent Television Authority's commercial Channel 9, which is so U.S.-infected as to make BBC seem "a stern, inflexible nurse of home-grown talent." Johnnie Ray turned up as the star performer of Easter Sunday's feature program. Sniggered the Express: "Twiddle the dial any evening, and the chances are that the crack of a shot in Dragnet will set the objets d'art tinkling on your chimney piece. Or that pathetic crib of an American quiz show, The $64,000 Question, will dribble...
Stung by the Beaver's bite, ITA Director Sir Robert Fraser hit back, called the attacks "anti-American feeling thinly disguised." American films, said Fraser, do not account for more than 14% of the total running, while ITA 13 selling British films to U.S. TV at a chip that pays for all U.S. imports. "And remember this," Fraser told a London Rotary Club. "Americans have acquired such a mastery of TV film techniques that we can apply no better stimulus to our producers than to let them see how it is done...
...financial terms, the reduced tax-bite will once again allow us amass fortunes (we assume it will be "us" rather than "those"). But the main and most beneficial aspect of the amendment is that it will give American society what it has never possessed, or at least has never had a sufficient number of--a peasantry. For if the rich don't pay graduated taxes, the masses will have to pay more, and that should not only push down the rising middle classes, but will certainly so lower the lower class that it will actually become quaint...