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...Despite economies of $13.3 billion in the 1954 budget, the Administration expects to run at least $4 billion in the red. On top of that, tax cuts loom ahead. On Jan. 1, as the laws now stand, excess profits taxes expire and personal income taxes drop 11%; a clutch of excise taxes will end April 1. Estimated revenue loss: more than $8 billion a year. If the Administration is going to come anywhere near balancing the budget, it will have to do some drastic economizing...

Author: /time Magazine | Title: THE ADMINISTRATION: Cuts Ahead | 8/24/1953 | See Source »

Typical contraband seized by the British last month: auto clutch plates hidden under a load of fish, 2,712 Ibs. of scrap iron disguised as ballast, 82 tons of asphalt passing as dirty, but legal, coal tar. The British concede that about 200 tons of merchandise - about 1,000th of Hong Kong's intake-gets across to the Communists every week. Even with what goes in to Macao and Lap Sap Mei, it is not enough for the building of industrial China. Only peace and a resumption of normal trade would do that...

Author: /time Magazine | Title: MACAO: Smuggle or Die | 6/29/1953 | See Source »

...Mediocrity Magnified." CinemaScope will abolish, at one stroke, the art of the film as it has been practiced since that memorable day in 1907 when Rescued from an Eagle's Nest was released and people hurried in by the dozens to watch a baleful old bird, unmistakably stuffed, clutch a helpless infant in its claws and fly away to eat it up. Gone is the viewer's sense of eavesdropping on activities that are, after all, going on in another room. In CinemaScope, the illusion in the other room outflanks the beholder in his theater seat and overwhelms...

Author: /time Magazine | Title: Cinema: Strictly for the Marbles | 6/8/1953 | See Source »

Only good clutch pitching by Crimson relief pitcher Pat Groper saved the game, for the Big Red amassed the astonishing total of 11 bits off his offerings and those of starter-and winner-Andy Ward...

Author: By Hiller B. Zobel, | Title: Ball Team Tops Cornell 8-6; Groper's Pitching Saves Win | 5/12/1953 | See Source »

...seemed hale enough as he walked into the banquet hall at the Statler Hotel, and stood smiling as Hail to the Chief was pumped out by the Marine Band. His voice was strong as he began speaking. But, during the final quarter of his address, pain made him clutch the rostrum with both hands, his face went chalk-white, sweat stood out on his forehead, and his voice almost failed. Fearful of fainting, he omitted whole sentences from his conclusion...

Author: /time Magazine | Title: THE PRESIDENCY: The Price of Spice | 4/27/1953 | See Source »

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