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...last session of Congress. Legislation preventing undue reduction of net income by deduction of losses is equally possible and even more desirable as it is estimated that there is a heavy loss of tax revenue from this cause. But in this matter, as in other matters, legislation is no panacea. Ways of escape will persist, in spite of legislation, and will be availed of, as long as there is sufficient inducement. No matter what gaps are stopped by acts of Congress, the output of tax-exempt securities by states and municipalities will continue to afford an easy escape from...

Author: By L. W. Mckernan, | Title: REDUCTION OF SUR-TAX RATES NEXT STEP IN LIGHTENING WAR TAXES | 5/15/1923 | See Source »

...year; the general examinations, too, correspond, except that Princeton has two to our one; and the system of "majors and minors" corresponds closely with the familiar "Concentration and Distribution." Even the underlying purpose is the same; there is little indeed to complete the parallel. The innovation on an ultimate panacea. "The day of benevolent despotism fades into the background; from now on the compelling force will be individuality." Yet Harvard, where the system has had a trial of years, is still wondering where to find the "initial interest." Perhaps the small difference in Princeton's scheme and the fact that...

Author: NO WRITER ATTRIBUTED | Title: FIND THE INITIAL INTEREST | 4/14/1923 | See Source »

...long article in The American Federationist, official organ of the American Federation of Labor, Samuel Gompers declares labor banks to be no panacea for industrial strife...

Author: /time Magazine | Title: LABOR: Impotent Banks | 3/17/1923 | See Source »

Perhaps this is the panacea that educators have been trying to discover for the past year or more. It is much like an earlier suggestion made by Dean Holmes of the Harvard School of Education. Can overcrowding be met by the simple expedient of letting men do the bulk of their studying away from college, by means of a series of reading lists, written reports, and examinations? If so, the bugaboos of "selective admission" and the universal right to education will be supplied...

Author: NO WRITER ATTRIBUTED | Title: AT HOME | 1/17/1923 | See Source »

...hardly be expected to wait. Think of the results if such as he should succeed; one hundred and ten million people in one country all capable of anything--health, happiness, strength the property of all; complete immunity from accident, from weakness, from sickness. Surely the possessor of such a panacea is only right in telling the world...

Author: NO WRITER ATTRIBUTED | Title: FOR USE IN LECTURES | 12/12/1922 | See Source »

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