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Watch for Trouble. Republican rebuttal was soon forthcoming. Tom Dewey and Michigan Senator Homer Ferguson raised the expected cry of "appeasement." But Adlai Stevenson had not explicitly suggested any concessions to Communism. Truman and Eisenhower had both said that the U.S. would confer with the Soviet leaders if the circumstances offered any chance of progress toward peace. Stevenson's proposal could be read as advocacy of a "softer" approach or it could be read as a restatement of an old U.S. attitude. This ambiguity was appropriate in the leader of a party whose logical course at present...

Author: /time Magazine | Title: DEMOCRATS: Creeping Harmony | 9/28/1953 | See Source »

...Randall commission, now organizing, is not due to report until early next year. Meanwhile, Indiana's protection-minded Senator Homer Capehart, present at the World Bank and Monetary Fund sessions, broadly hinted that Randall might not have the last word anyhow. "Watch my committee," Capehart told newsmen. "We are going to put out a better report than the Randall committee." Asked if his recommendations would differ considerably from Randall's, Capehart was owlish. "I wouldn't .be surprised," he said. "I wouldn't be surprised...

Author: /time Magazine | Title: WORLD TRADE: Time Presses | 9/21/1953 | See Source »

Indiana's Senator Homer Capehart has already introduced a bill to make quick amortization permanent, and extend it to all industries, whether necessary for defense or not. There are some obstacles to any such blanket extension. The biggest is that the immediate loss in tax revenue would be far more than the Treasury could stand. Tax experts put it at $2 billion the first year of such a plan and as high as $10 billion in the fifth year. Tax losses during the write-off period would never be recouped from many industries after the equipment was paid...

Author: /time Magazine | Title: TAX WRITE-OFFS: One Way to Keep the U.S. Expanding | 9/21/1953 | See Source »

...around Rome, work was going forward on a production by a new screen writer: Homer. With assists from such upstart scenarists as Ben Hecht and Irwin Shaw, Homer's Odyssey was being filmed in plaster caves and palaces and on board a Greek galley (thoughtfully provided with an engine as well as 100 oarsmen). The stars: Kirk Douglas as a bearded Ulysses, and lush Silvana Mangano as both Circe and Penelope...

Author: /time Magazine | Title: Cinema: Just Like the Movies | 8/17/1953 | See Source »

Anderson's victim was Rear Admiral Homer N. Wallin, 59, chief of the Navy's Bureau of Ships. Wallin led the fight to prevent promotion-and thus bring automatic retirement-of Navy Captain Hyman Rickover, a brilliant, freewheeling Navy engineer who developed the atomic submarine. Secretary Anderson inherited the Rickover mess and the senatorial protests over the obvious injustice. Anderson examined the facts, disregarded Wallin's advice, and convened a special selection board which advanced Rickover to rear admiral. (He was confirmed by the Senate last week...

Author: /time Magazine | Title: ARMED FORCES: Rude Awakening | 8/10/1953 | See Source »

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