Word: bolte
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Only seven weeks ago C.E.D.'s tax proposals might have hit like a bolt from the blue. For the plan asserts that the Federal Government must rely mainly on individual-not corporate-income taxes for the minimum $16 to $18 billion of revenue needed in the first peacetime year. But Economist Beardsley Ruml had scooped C.E.D.-the Falstaffian treasurer of R. H. Macy & Co. had bluntly said it first in July (TIME, Aug. 7). Ruml had also stated that high corporate taxes were more harmful to employment than high individual levies. But C.E.D. did not care that a little...
Rumania's bolt from the losing side jolted other satellite fence-sitters: ¶Bulgaria's Foreign Minister Parvan Draganov publicly repeated Premier Ivan Bagrianoffs recent peace bid (TIME, Aug. 28). Through emissaries in Istanbul, Sofia notified London and Washington that it was ready to surrender. Probable terms: withdrawal of Bulgarian troops in Greece and Yugoslavia, disarming of the few German troops still in Bulgaria. ¶Hungary's astute Regent, Admiral Nicholas Horthy, dissolved all political parties (the only undissolved parties in Hungary are pro-Nazi), called an emergency cabinet meeting, received an emergency visitor from the Reich...
...late. For Tom Dewey's men were not calling but receiving. Harold Stassen's men sat dutifully and dourly around hotel lobbies, just in case a freak bolt of lightning should strike. John Bricker fought on, he spoke his familiar views with familiar vigor at a jampacked press conference, provided the only good bar for thirsty newsmen. His managers buttonholed and cajoled tirelessly. But hoopla was not enough in Chicago in June 1944. The Dewey nomination rolled...
...great, long-heralded Southern revolt come at last? For three weeks New Dealers had had cause to worry. Anti-Term IV Democrats in Texas had thrown their State Convention into an uproar by threatening a Party bolt (TIME, June 5). Delegates to the South Carolina convention had also made motions of revolt. Last week, after Mississippi followed suit, a group of Southern "regulars" bustled into secret session in Louisiana. Their job: to devise strategy to lure other Southern states into the rebel camp...
...with You." Then came the open break. To the platform marched a Mrs. Alfred Taylor of Austin, a political unknown even among county delegates. The booing subsided. She shouted: "You've been given two opportunities to show your loyalty to the Democratic Party. I call for a bolt. All who are for Roosevelt follow me across the hall." A railroad union lobbyist grabbed up a picture of Roosevelt, and the march was on. As the convention organist played God Be with You Till We Meet Again, some 300 delegates traipsed off to the House chamber...