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Taxes: Individual income taxes will be reduced about 10% on Jan. 1, as scheduled, and the excess-profits tax on corporations will expire. The Administration will ask Congress to cancel a 5% reduction in regular corporation taxes scheduled for April 1, and will propose a greatly expanded list of lower excise taxes to replace the present high taxes on a smaller number of items, e.g., purses and luggage...
...Russia granted $250 million towards North Korea's "recovery.?' Last week Red China agreed to send $317 million in "coal, cloth, cotton, grain, building materials, communications equipment, metal products, machinery, agricultural tools, fishing boats, paper and other daily necessities of the people." Red China also agreed to-cancel North Korea's war debts incurred up to next Jan. 1 (apparently a way of saying that North Koreans must pay occupation costs after that) and to "facilitate civil air transport between the Soviet Union and Korea" by letting a Soviet-Korean airline cross her territory. On hand...
CRIMSON Managing Editor George S. Abrams '54 asked readers to bear with the paper during this period. "We may have to run reviews by Brooks Atkinson and national columns by James Renton," Abrams said. "There will be complaints, of course, but I hope no one will cancel his subscription...
Elliott Perkins '23, master of Lowell House and secretary of the housemasters, said the group had considered the petitions signed by more than 400 upperclassmen asking the masters to cancel last year's ruling, but had not found them very convincing. "You can always get somebody to sign a petition," Perkins said. "Furthermore, we have all talked to our resident tutors and many undergraduates, and found much approval of our ruling...
Continuation of the rule to football Saturdays would not be a carte blanche for revelry. The Masters, with a large chunk of discretion on parietal rules, can easily cancel the eleven o'clock permissions if they come in for wholesale abuse, either in spring or fall. Resident tutors and House attendants, in isolated cases, need no legal writs to enter rooms or break up parties that get out of hand. I view of last spring's performance, it seems that undergraduates can act more responsibility with social freedom than the Faculty thought. We hope the Masters will be willing...