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...post-World War II fiscal years of 1947 and 1948, when deep cuts in the Truman defense budget resulted in surpluses, and in fiscal 1951, when the Korean war tax increase outpaced defense spending. The last previous year in which the budget balanced was Hoover's fiscal...

Author: /time Magazine | Title: THE NATION: The Boom's Balance | 12/19/1955 | See Source »

...Long fellow Alumnae Hall, Associate Professor McCloskey puts the two reprobates together to see what effect they've had on each other through the years. His course on American Constitutional Development traces the interpretation of the Constitution by the Supreme Court, paying special attention to decisions of the post-World...

Author: NO WRITER ATTRIBUTED | Title: The Register Revisited | 9/26/1955 | See Source »

Died. Ernst Legal, 74, veteran German actor, theater manager and director, post-World War II manager of the State Opera in East Berlin; in Berlin. Invited by East Berlin's Communist regime to manage the State Opera, Legal rebuilt it into one of Europe's important cultural showcases, resigned in 1952 in protest against the firing of 250 opera employees living in West Berlin...

Author: /time Magazine | Title: MILESTONES: Milestones, Jul. 11, 1955 | 7/11/1955 | See Source »

...keep up with the post-World War II demand for new cars. Ford Motor Co. has spent $1.7 billion to expand and modernize plants and equipment. Last week, in a speech before the Bureau of Advertising of the American Newspaper Publishers Association&* at Manhattan's Waldorf-Astoria hotel. President Henry Ford II admitted that even those husky figures had not been enough. Said he: "The booming market for both new and used cars has frankly been something of a surprise, even to us." To keep up with the expanding market, said he. Ford will spend an additional $625 million...

Author: /time Magazine | Title: MANAGEMENT: Prosperity First | 5/9/1955 | See Source »

Died. Dr. Otto Gessler, 80, post-World War I (1920-28) German Minister of Defense, who sanctioned the German Republic's creation of an illegal "black Reichswehr" in violation of the 100,000-man limit set by the Versailles treaty; of a heart attack; in Lindenberg, Germany...

Author: /time Magazine | Title: Milestones, Apr. 4, 1955 | 4/4/1955 | See Source »

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