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...from being a bad thing, an overall rise in interest rates might help in this bond-selling job, though voluntary campaigns will almost certainly not be enough. To put a further brake on consumer spending the Government will have to rely heavily on forced savings (now implicit in the Victory tax), combined with much higher and broader regular taxes. Thus the U.S. is about to follow the lead of Britain which long ago discovered that forced savings are a vital part of wartime financing...

Author: /time Magazine | Title: Greatest Flop Since Mellon | 10/26/1942 | See Source »

...then added some of the most magnificent chapters in U.S. literature and a folderol ending. For Mark, says DeVoto, "felt no difference in value between the highest truths of fiction and merely literary burlesque." He had almost no ability to "think and feel [his material] through to its own implicit form." He jotted down and never touched ideas like these...

Author: /time Magazine | Title: Books: The Ordeal of Bernard DeVoto | 7/20/1942 | See Source »

...What civilian production there is will be more & more concentrated in small plants. This policy was implicit in a WPB order to the stove and range industry: after July 31, all normal production must come from the 250-odd plants of companies with annual sales of $2,000,000 or less; 92 larger plants must...

Author: /time Magazine | Title: Business: Facts, Figures | 5/25/1942 | See Source »

...Chinese neighbors, could ever stand by and tolerate these insults to their moral standards and to their common humanity. ... In whatever form we may each worship our own conception of supreme power and absolute goodness, we one and all desire to see those ethical and moral standards which are implicit in our religion become touchstone of our behavior...

Author: /time Magazine | Title: INDIA: Good-by, Mr. Cripps | 4/20/1942 | See Source »

...present University agreement with the unions was reached in the spring of 1941 and incorporating explicitly the understanding, which prior to that had been implicit for years, that the College could at any time put students to work in the dining halls as a means of defraying part of their expenses. This arrangement is due to come up for revision in June...

Author: NO WRITER ATTRIBUTED | Title: Waitresses' Union Probably Will Agree On College Plan | 4/13/1942 | See Source »

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