Word: excessive
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Dates: during 1950-1959
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Williams and J. K. Galbraith, professor of Economics, sketched possible patterns for monetary and fiscal controls. Dan Throop Smith, professor of Finance at the Business School, warned that high excess profits taxes could prove a barrier to entry and expansion...
...week's end, Congress managed to pull itself together for one last effort before the holidays. The Senate, following the lead of the House, finally passed an excess-profits tax bill, which a few weeks ago had been subjected to emphatic and sustained criticism. Conferees agreed on a single bill, which the Senate approved. It levies a 77% tax on excess profits, retroactive to July 1 (see BUSINESS...
Three Orchids. They had come to the U.S. with 16 pieces of luggage. They were leaving with 54, weighing 2,627 pounds and including cartons full of kitchenware, radios, cameras, record players and other good things made in the U.S.A. The airline's excess baggage charge was $1,621, which the comrades paid off in two U.S. $1,000 bills. They tipped their two U.N. chauffeurs a handsome $100 apiece...
Just which prices were to be rolled back and which were to be frozen was not clear. Said ESA: "Any price increases after Dec. 1 which are in excess of those that would be permissible . . . will be subject to action." To determine what is "permissible," the Government set up four fuzzily conceived "fair standards...
...professor, ominous little bag in hand, scurries for hiding through dark, deserted streets in which floodlights roam eerily over huge posters bearing his picture. Piccadilly Circus becomes the desolate crossroads of a ghost city; Waterloo Station is an empty tomb except for confiscated pets and such prohibited excess baggage as trunks, tennis rackets and a sandwich man's sign ("The Wages of Sin Is Death"). On doomsday morning, from the city's rim, four army divisions move in for a house-to-house search...