Word: excessive
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Dates: during 1940-1949
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After a startled moment, the committee went on hemming-hawing about excess-profits taxes...
Physically, the Budenny specimen is still, at 58, superb. He rides like a trooper, fences without guards, can snuff out a candle with a revolver bullet at 40 paces. He has a voice like the roar of a breaking ice-jam. Manly to excess, he is a born leader in the medieval sense of the term...
...fact that OPM is floundering in a sea of statistics does not alter the prospect of shortage. Many a publisher, aware of the notorious excess capacity of newsprint mills, has been lulled into a false sense of security. But under defense pressure mills have begun turning pulp into products which they never dreamed of, even laminating newsprint into special paperboard for shell boxes. Before many months it seems certain that the U.S. press will have to take in its belt...
...Some corporations which usually have big invested capital (examples: utilities, railroads) might make big profits entirely free of excess-profits tax, while others which in their nature have small invested capital (examples: laundries, service corporations in general) might be allowed to keep almost none of their ordinary earnings...
...even after this reduction in lending power, U.S. banks will still have $4,000,000,000 in excess reserves, enough to supply $16-$20,000,000,000 in credit. FRB authorities know this, will soon ask for a law which would enable them to force still higher reserves...