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...Hollywood's mind. Moviedom's tax-bitten stars thought they had found a sure-or almost sure-way out of their troubles in the high tax brackets. If they struck oil, they could deduct 50% to 75% of the drilling expenses from their income, and later deduct 27½% of their annual gross from the well, as "depletion." Moreover, they could sell the well later and pay only a long-term capital gains (25%) tax on the profit. If the well was dry, they could write off the whole cost as a loss, thus cut down taxable income...

Author: /time Magazine | Title: OIL: The Hollywood Wildcats | 10/10/1949 | See Source »

...people, on an average, die in the U.S. each year from rabies, but almost everyone has a chilling fear of the disease, and with good reason: once it takes hold, it invariably ends in a horrible sequence of delirium, paralysis and death. The only way to save a patient bitten by a rabid animal is to give him a prompt injection of vaccine which kills the disease before it is fully developed...

Author: /time Magazine | Title: Medicine: For Man & Dog | 9/12/1949 | See Source »

Meat & Drink. Shrewd, hard-bitten Bill Boyle believes in machine politics and the everlasting value of the faithful ward-heeler. He was a precinct captain himself before he could vote, rose through the ranks of the Boss Pendergast machine to acting director of police (TIME, Feb. 21). In 1941, Senator Harry Truman appointed him to the counsel staff of his war investigating committee, later made him his personal secretary. Last year Boyle plotted Truman's whistle-stop campaign, insisted on going after what proved to be the decisive farm and labor vote. An Irish-Catholic politician...

Author: /time Magazine | Title: DEMOCRATS: Purges & Picnics | 9/5/1949 | See Source »

...Ebbets Field, a restless buzz rose from the crowd as the first two Cardinals took their turns at bat. Then a slender young man, wearing No. 6 on his back, stepped to the plate. Stan ("The Man") Musial was at bat and the crowd really let go. A hard-bitten minority booed, but they were drowned out by the cheers. It was Brooklyn's sportsmanlike tribute to one of the greatest players in the game. Stan Musial is the highest salaried (at $50,000 a year) and most feared batter in the National League-and especially devastating in Brooklyn...

Author: /time Magazine | Title: Sport: That Man | 9/5/1949 | See Source »

...Rose as "an artist who believes in both Christ and Picasso," the Catholic Herald went out of its way to "quell any suspicion that the painting is strange and difficult because the painter is only partially acquainted with his sublime theme ... Sir Francis is a Catholic whose religion has bitten deep...

Author: /time Magazine | Title: Art: Blossoming Career | 7/4/1949 | See Source »

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