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...inflation last year, the Administration cut spending sharply. The reverse of that coin has been an equally sharp cut this year in taxes. This has already put $6 billion a year into the hands of industry and consumers, including the cut in excise taxes, which was first opposed by the President, but finally approved "wholeheartedly." The Administration's tax reform bill now before Congress calls for another cut totaling $1.4 billion a year. Thus the total saving to taxpayers of $7.4 billion annually (less higher social security payments) would be the biggest one-year tax cut in U.S. history...

Author: /time Magazine | Title: -GOVERNMENT V. RECESSION-: Government v. Recession | 4/26/1954 | See Source »

Then again, there is the "Penny Just SO Saves Nine" technique, but this is entirely restricted to real artists. By casting a penny down a nickel slot so that it hits on an angle roughly corresponding to ten o'clock on the coin, the dime bell will ring. Tricky...

Author: By William W. Harvey, | Title: Phonemanship | 4/17/1954 | See Source »

...sounding the end of one of the most expensive and generally useless collections of gimcrackery ever assembled. Like a royal pack rat, ex-King Farouk had cached everything he could beg, buy and demand-tiny telescopes with diamond sprays, priceless relics of Pharaonic culture, a 100blade knife, an outstanding coin collection, a Nazi marshal's gaudy baton. Egypt's revolutionary regime was putting all of it-treasure and trash-on the block in a six-week sale. It was the biggest mass merchandising of such bric-a-brac in nearly two centuries. Egypt needs the money...

Author: /time Magazine | Title: EGYPT: The Fond Collector | 2/22/1954 | See Source »

...Increase income by attaching coin-box gadgets to TV sets...

Author: /time Magazine | Title: The Time News Quiz: State of the Union | 2/22/1954 | See Source »

...effort. But importance of these goods for war production seems beyond dispute. And in a larger sense, the "non-strategic trade" idea itself is just a convenient fiction. Every fishing trawler Britons make for Russia releases Communist manpower for other, deadlier tasks. And on the other side of the coin, every product the West denies Russia means an added strain on the Soviet economy. The past year has shown that internal economic crises may result in a softening in Soviet foreign policies. By bolstering the Soviet economy, the West creates its own problems at the conference tables...

Author: NO WRITER ATTRIBUTED | Title: Rouble Rousing | 2/11/1954 | See Source »

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