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...article about Headmaster C. A. Elliott of Eton is excellent, but the term "cane" is technically incorrect. Caning at Eton is only carried out by certain privileged boys of the upper school, and is essentially a punishment for delinquencies connected with the discipline of the boarding houses and on the playing fields. It has nothing to do with academic offences...

Author: /time Magazine | Title: Letters, Jan. 24, 1949 | 1/24/1949 | See Source »

...single principle of public policy. Modern fiscal policy concentrates on the stability objective; but the Government must also be concerned with equity. Fiscal policy in a great inflation may well call for sales taxes and heavy income taxes on the masses. Indeed, the 1948 tax bill reflected incorrect fiscal policy because it involved reduced taxes; but it may well have mirrored correct fiscal policy in that it put an increased relative burden on the masses who account for the largest part of consumption...

Author: By Seymour E. Harris, | Title: Election Outcome Supports Keynes, Harris Maintains | 11/18/1948 | See Source »

Plenty is going on behind the U.S. atomic curtain, and once in a while a trickle of rumor, correct or incorrect, leaks through. Last week David M. Poole, an engineer working at Oak Ridge with NEPA (Nuclear Energy for Propulsion of Aircraft), gave an exciting hint to the Baltimore Society of Automotive Engineers...

Author: /time Magazine | Title: Science: Atomic Hints | 10/25/1948 | See Source »

...regard your answer as incorrect and completely unsatisfactory...

Author: /time Magazine | Title: COMMUNISTS: The Best Years of Our Lives | 8/23/1948 | See Source »

Concluded the committee, in careful officialese: "It would appear incorrect to argue that the Soviet Union . . . is not now strong enough to undertake substantial military operations should the need arise." In other words, Voznesensky's program was roughly on schedule...

Author: /time Magazine | Title: RUSSIA: On Schedule | 5/3/1948 | See Source »

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