Word: faults
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Dates: during 1940-1949
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...chief fault was its crudeness. Its basic principle: any corporate earnings above 8% on invested capital were "excessive," should be taxed at 30 or 65% (later reduced to 20 or 40%). This was in effect to treat all capital as though it bore the same risk, should earn the same return. But "invested capital," an artificial concept, was only one among many income-producing factors. Results were a tragicomedy of discrimination. Small, growing, high-profit companies found themselves in higher tax brackets than mature, stabilized giants. Corporations with little capital other than their wits (advertising agencies, etc.) paid at higher...
Unbossed, Unled. From the moment they came to town, Republicans of all stripes agreed wholeheartedly that this was "the damnedest convention that ever was." Nothing went the way things had always gone. This was the fault of the people, said the professional politicos...
...fault too, of another interloper, a big, shambling bear of a man with tousled dark hair, great beefy shoulders, a long, determined upper lip, a fast, tough mind. Wendell Lewis Willkie, 48, product of an Indiana Main Street and New York's Wall Street, was in town. The Convention had not invited him; the Convention wished he were anywhere else. On that dark Sunday afternoon Wendell Willkie was already a political phenomenon without parallel or precedent, a new face, a new force, something powerful and strange cast...
According to Scoopster Wythe Williams, M. Laval repeated his report. Suddenly, like a Nazi delayed bomb, Edouard Daladier, who had for some weeks lain quiet as a dud, exploded. It was all the fault of this disgraceful rout in Flanders, he raged...
...into the picture. Diamond defeats plus player trouble equals news for Dave Glueck '39, former substitute guard under Dick Harlow and currently a Boston American sports columnist. Coaching troubles are right down Glueck's alley; whenever he sees a losing team, he knows it must be the coach's fault. Already he has worked out an elaborate succession for Dick Harlow's post as head football coach at Harvard, including Chief Boston, Skip Stahley, Joe Nee, Alex Kevorkian, and a few other Crimson grid lumninaries...