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...existing freight-rate structure bears no systematic relationship to railroad costs. He also knows that more than half the increased traffic now in sight would move from south to north and from west to east-the directions in which the costly movement of empty freight cars is now heaviest. Meanwhile the railroads have been experimenting with low rates for trainload hauls. Moreover, railroad net operating income has risen sharply this year. If Henderson is to prevent price increases, he will have to get power from Congress to find some way of putting through reduced freight rates for shipments diverted from...

Author: /time Magazine | Title: Business: Roadbed v. Canal | 5/12/1941 | See Source »

...Table) through the imposition of a new surtax which starts at 11% and mounts with each $2,000 income increase to 75% (as at present) on highest-bracket incomes. To this surtax was to be added a special defense supertax. Result: 4% normal tax plus surtax plus supertax. Heaviest increases would hang on incomes from...

Author: /time Magazine | Title: FISCAL: The Hard Way | 5/5/1941 | See Source »

...Greece the Allied lines had been repeatedly pushed back. The Germans believed the heaviest battles of the campaign were over. At some points Adolf Hitler's infantry troops had attacked in oldfashioned, 1918-style, suicidal mass, but at a price. According to Greek accounts "Adolf Hitler's Own" SS (Elite Guard), magnificent hand-picked lads of 19 and 20, bore the brunt of the slaughter...

Author: /time Magazine | Title: World War: BALKAN THEATER: Happy Birthday | 4/28/1941 | See Source »

...event the U.S. Fleet-now the world's slowest, heaviest, most powerful-will within a few years be the world's fastest, heaviest, most powerful. But Navy men last week thought that they would have to fight their next war with their slow Fleet. History was faster than...

Author: /time Magazine | Title: NAVY: Something New for the Fleet | 4/14/1941 | See Source »

...heaviest and by far the more important drives were farther south. Through the mountains from Sofia to Nish and Skoplje went drives intended to cut the vital Vardar Valley and divide the Yugoslavs from the Greeks. And down the Struma River valley towards Salonika went another drive to break the Greeks' back and roll the British into...

Author: /time Magazine | Title: World War: BALKAN THEATER: Soul v. Steel | 4/14/1941 | See Source »

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