Word: mcculloch
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Dates: during 1950-1959
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...being changed. No other country of comparable size or population in the world is so busy building its future." On the same day, a crowd of 1,400 in Sydney watched the opening of a $3,300,000 plywood factory spreading over 14½ acres of onetime swampland; McCulloch Motors Corp. of Los Angeles announced that it would start making outboard motors in Australia; the Sydney Stock Exchange noted that share prices had risen to a level 33% higher than a year ago; and the government could say that unemployment was at 49,077, or barely...
...many a U.S. builder cut his own prices. Lone Star lightened the weight of its best-selling 14-ft. Malibu outboard by 10%, lightened the price by $100, down to $525. Enginemakers also trimmed prices and weight, switched to aluminum and fiber glass to get more horsepower per pound. McCulloch Corp., the No. 3 outboard-motor maker (after Outboard Marine and Kiekhaefer) cut prices of its Scott motors as much as 10%. Kiekhaefer lopped about 5% off two of its Mercury motor prices...
...learn firsthand the story of Errett-Lobban Cord's emergence as a Nevada politician, TIME'S Los Angeles Bureau Chief Frank McCulloch flew into Reno, got the onetime auto tycoon's consent to a half-hour interview. But the meeting continued 5½ hours because Cord, now an Esmeralda County rancher, discovered that McCulloch had been raised on a ranch in Nevada's Lyon County. For what Returning Native McCulloch learned, see NATIONAL AFFAIRS, The New-Model Cord...
Handing down one of the basic decisions of U.S. constitutional law, the Supreme Court ruled in McCulloch v. Maryland, back in 1819, that the Constitution exempts the Federal Government from state taxation. Setting forth his renowned dictum that "the power to tax involves the power to destroy," Chief Justice John Marshall declared that the states (and, by inference, local governments) "have no power, by taxation or otherwise, to retard, impede, burden or in any manner control the operations of the constitutional laws enacted by Congress...
Last week a five-man Supreme Court majority (Chief Justice Earl Warren, Justices Hugo Black, William O. Douglas, Tom Clark and William J. Brennan) handed down a decision that seemed to jostle McCulloch v. Maryland in the eyes of the four dissenting members (Felix Frankfurter, John Marshall Harlan, Harold Burton, Charles E. Whittaker). At issue: a property tax levied by the city of Detroit on the Murray Corp., a subcontractor manufacturing airplane parts for the U.S. Air Force. The city assessor counted as taxable property some $2,000,000 worth of parts, materials, etc., which were chargeable...