Word: junking
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Dates: during 1940-1949
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Even in the most modern newspaper plants reporters' typewriters are almost always strictly marginal machinery. Hand-me-downs from the business office, or bargains from junk shops, they would not be tolerated one minute by any self-respecting stenographer. When they fall completely apart they are replaced in kind. Reporters operate them by brute force, cunning and fatalism...
...member of the House Banking & Currency Committee, Mr. Ford had sat patiently through most of the hearings on the hashed, compromised, junk-assembled Price Control Bill. He had listened while the committee got a triple-plated Ph.D. course in high & low economics from Price Boss Leon Henderson, in a steady examination that gave "The Great Jawbone" the probable all-time record for lengthy appearances before Congressional committees...
...green-swarded Barksdale Field. Across the field and less than a mile from the spectators was a plot 2,000 feet long, 1,000 feet wide (eight big city blocks), spotted with 100 obsolete tanks, a few reconnaissance cars, patches of cardboard to represent troops. Rearing above the junk were two white pyramids, each the center of a 100-foot circle. These were the bull's-eyes for the high-altitude bombers...
...pounders had missed the target, but the next wave (three Douglas B-18s) slapped in their loads without a single miss. Black smoke belched up in geysers, junk tanks flipped on their sides, armored cars flumped limply on their bellies...
Excess Profits: Bitterest fight in Congress was over the Treasury's demand to junk the average-earnings method of figuring excess-profits taxes. The Treasury lost. But the definition of "excess profits" was changed for companies using the investment-capital option: they must figure their excess-profits credit (formerly a uniform 8% of capital) as a 8% return on the first $5,000,000 in capital, 7% on the balance...