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Personal income taxes in the lower brackets will be increased as much as 450%. Import duties on most raw materials, machinery and manufactured goods will be boosted from 15% to 55%. All of India's taxpayers will have to deposit up to 3% of their after-tax incomes in government savings accounts; businesses whose after-tax incomes exceed 6% of their capital value must pay a 50% tax on all subsequent profits. All basic household goods, cloth, food and cooking fuels will be hit with new taxes. Only exceptions: sugar, shoes, rice and matches...

Author: /time Magazine | Title: India: Date with Desai | 3/8/1963 | See Source »

...himself is a natively humorless man. and perhaps because of this he has developed a spread of technical skills. He can take a line, see eight ways to deliver it. and pick the one that will best serve his double purpose: to get an immediate laugh and also to deposit a bit of Benny characterization into the listeners' minds in order to draw interest for fu ture Benny lines, later in the show, later in the season, perhaps later in the 1960s and '70s. After a laugh line, Benny always has the next line. Thus...

Author: /time Magazine | Title: Broadway: Uncle Jack | 3/8/1963 | See Source »

...undeveloped, inaccessible land." But, said Talley, Lake Mead is some 50 miles away. And at the property, "there are absolutely no utilities available. Six miles from the nearest lot and ten to twelve miles from the principal part of the subdivision is a tank-operated machine where one can deposit a quarter and water runs out of an old innertube. At the same distance away are a telephone line and power line running down the highway." Scratches bulldozed in the desert are given glamorous names such as Riverside Drive. And in the center of this wasteland of sage and sand...

Author: /time Magazine | Title: The Land: Vaguely Realizing Westward | 2/15/1963 | See Source »

...Conn., plan to share a computer center; small banks in New York and Kansas are also taking up the idea. Such centers should make smaller banks competitive with big ones. The Hartford pool, designed by Chicago's Booz, Allen & Hamilton, will start in July, handling overnight all the deposit, savings and installment loan accounting for the nine banks. Each bank will simply have its entries typed up in special magnetic ink. At the close of day a truck will pick up the records and whisk them to the computer center, where an automatic reader will riffle through them...

Author: /time Magazine | Title: Banking: Let 315 Do It | 2/15/1963 | See Source »

...some $664 million in postwar U.S. loans. And "outgo" was probably reduced by several hundred million dollars because some European and Canadian banks refrained in 1962 from their usual year-end "window dressing"-the practice of bolstering cash balances for the annual report by temporarily pulling back money on deposit...

Author: /time Magazine | Title: Public Policy: Caught Off Balance | 1/4/1963 | See Source »

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