Word: formulaic
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Dates: during 1940-1949
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Jawaharlal Nehru. Their talk, as one of them put it, often bordered on theological metaphysics. Finally, a satisfactory formula was found. It provided that India would indeed be an independent sovereign republic, but that she would nevertheless accept "the King as the symbol of the free association of [the Commonwealth's] independent member nations...
...major defect in the present method, by which the government maintains a minimum price by loans or purchases, is that consumers often suffer by high prices. The Brannan plan continues government loans and purchases for storable goods, about 25 percent of total farm output, but changes the price-setting formula. Producers are satisfied with this method and want it retained...
...effort to modernize the basis for minimum support prices, the Brannan plan includes a new and highly-complicated formula. The present support price is a flat 90 percent of parity, parity taken as the 1909-1914 period. A new plan, scheduled to go into effect in 1950, will allow prices to vary between 60 and 90 percent of parity. The Brannan plan, however, will base support prices for each year on the average of the ten previous years...
...objection to this formula is that it will not respond to any major agricultural trend until five years have passed. The last ten years have been amazingly plush for agriculture, and market prices are likely to drop considerably in the future. Since the Brannan plan shifts the financial burden from the consumer to the Treasury, the immediate effect of the plan would be a large drain on the public funds. But any subsidy plan essentially involves a redistribution of income, and this becomes a question of how much income will shift from the tax-payer to the farmer...
...time Director Elliott Nugent, who has a special knack for this sort of thing, keeps his lens and sound track trained on Clifton Webb. By neatly trimming the tone and pace of the film to Webb's personal high-comedy style, he has kept the Belvedere formula fresh and amusing...