Word: fiscality
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Dates: during 1940-1949
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President Truman sent to Congress yesterday the annual budget message in which he called for governmental expenditures of $39,669,000,000 during the coming fiscal year. Republican leaders in Congress immediately went tearing into the budget with their 1948 campaign banners flying in a breeze of legislative effusiveness. The President's budget, it was claimed, could be cut by a considerable amount. There was no agreement on the size of the cut, but the figure of $5,500,000,000 was bruited about more than any other...
...Dean of American Millers," bowed out as chairman of giant General Mills, Inc. (Gold Medal Flour, Wheaties, etc.). Bell helped found the company in 1928, was its president until he became chairman in 1934, steadily built the company sales to a peak of $379,032,427 in its last fiscal year. President Harry Bullis, 57, will move up into the chairmanship, and Executive Vice President Leslie N. Perrin, 61, will become president. "The old man" will keep in touch as chairman of a newly formed "committee on finance and technological progress...
Dalton's successor, Sir Stafford ("The Brain") Cripps, now at the pinnacle of his power, has more rigorous ideas than Dalton on the fiscal policy of a Socialist Government (TIME, Nov. 10). The first Cripps budget, to be presented in April, may contain more drastic provisions...
...week's end, only some old ideas had emerged from the closed doors. One set of ideas (Nourse's) called for allocation of scarce commodities, such as steel and grain; curbs on installment buying; curbs on speculation in the commodity exchanges; tightening of bank credit. Such fiscal reforms might help a little but they certainly had no political zing. The only other idea was the reimposition of rationing and price control, which Harry Truman recently described as manifestations of a police state. But in their extremity that was exactly what Democratic politicos were suggesting. The tactic was politically...
...owns a controlling interest in the Mirror is Fleet Street's biggest mystery. But the board of directors and thousands of stockholders are quite satisfied to let Bartholomew, chairman of the Mirror and Pictorial, run both papers as long as they make fat profits (net for their last fiscal years: ?535,111). Now 64, he has run the Mirror since 1931, built it up from a circulation of only 800,000. As if this were not enough to compensate for an inferiority complex, self-made Mister Bart bought himself the biggest Rolls Royce in Fleet Street, still likes...