Word: effective
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Dates: during 1950-1959
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...somewhat embarrassing question to put to you ..." Nixon broke in: "No questions are embarrassing." Continued the reporter: "Do you have any reason to believe that the President may be considering resigning?" Replied Nixon: "I would like to scotch once and for all, if I can, any rumors to the effect that the President, first, is in a condition which would make it necessary for him to consider resigning, and, second, that the President himself or anybody in the President's official family have discussed or are considering the possibility of resignation...
...volume set of official British code books, took them over to his Italian contact, smoked and drank in nervous anxiety for seven hours while they were being photographed, and had them back safe in the morning. That, Costantini did admit, "was a bad moment," but it had a telling effect on Fascist policy. After that. Benito Mussolini's breakfasts were made pleasanter by the fact that he could read reports from Whitehall to Rome often before British Ambassador Sir Eric Drummond himself had seen them...
...returns (TIME, Nov. 18). The new line on 1957 tax form 1040 can be ignored, said Internal Revenue Service Commissioner Russell Harrington, "because the decision to include [it] was not made public until ten months of the tax year had passed, and thus had a retroactive effect." But Internal Revenue warned that the new requirement will definitely go into effect next year...
...Chicago Fed argues that profit reports should not be limited to cash available for dividends and retained earnings, but should also include such things as depreciation, i.e., funds set aside to help pay for new plants and replacement-in effect, profits plowed back into the business. To get a better idea of profits, the Chicago Fed uses "gross returns to capital," counts the total profit after taxes, including all depreciation, interest, retained earnings and dividends. On that basis, there is no profit squeeze. Gross profit margins have actually gone up, will total 7.6% on sales...
...defense, Weiland will probably start Ed Owen and John Copeland, a pair that worked to great effect last year. Dan Ullyot and either Dick McLaughlin or McVey will make up the other pair. McLaughlin is a doubtful starter as he has not yet quite recovered from his injured ankle. Tab Cleary will start in goal