Word: eras
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Dates: during 1930-1939
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Resumption of business by the Lords and Commons last week, after the long British Christmas-New Year recess, opened politically the new Georgian era of George VI. It was not an occasion which required His Majesty to open Parliament in state with a Speech from the Throne, the last such required speech having been read loud and clear by Edward VIII (TIME, Nov. 9). Today George VI is making rapid further progress with doctors and vocalists to overcome his defective speech (TIME, Dec. 21), and the Duke of Kent was recently pressed into service to read an overseas royal radio...
...Depression this has risen in the 1938 budget to $860,000,000, an increase of 23%. Now, however, interest rates are abnormally low. Since by 1938 the public debt will have increased over 100%, the interest on the debt can be expected gradually to mount in the post-Recovery era as interest rates return to normal, adding perhaps another $500,000,000 to annual interest charges...
...revenue, however, $775,000,000 will be raised by Social Security taxes. Subtracting this sum the Government's net income for the post-Recovery era will be $6,519,000,000 compared to a typical $4,000,000,000 in pre-Depression times. This increase of 62% is not due to customs collections which remain below pre-Depression levels. As Depression brought new functions of government it also brought new taxes. Biggest of them are liquor taxes, $644,000,000; manufacturers' excises $449,000,000; miscellaneous nuisance taxes, $83,000,000. But the biggest increase expected...
Rancher Wichman believes the drought era is over, plans to build up his new flock of sheep to 30,000. Son of a Honolulu sugar and cattle man, he fought in the French artillery after college, returned to San Francisco to buy a New York Stock Exchange seat, which he sold before Depression, retiring to Hawaii. Now he is returning to the mainland to educate his three sons...
...proposals submitted to Congress on Tuesday have been carefully considered by him and will meet with the approval of all well informed students of public administration. It is to be hoped they will command the necessary support in Congress. If adopted they will mark the beginning of a new era in the conduct of public business in Washington...