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...making it a currency managed by the state; 6) running up annual deficits of billions of dollars, while using the national debt as an instrument of managerial social policy; 7) imposing taxes to secure social and political ends rather than income; 8) weakening capital relative to themselves by curtailing pri vate property rights in measure after measure ; 9 ) the taking over by the executive bureaus of the attributes and func tions of sovereignty: "the bureaus become the de facto 'law makers.' " Burnham believes that the gradual reduction of parliaments (the congress of Soviets, the Reichstag) to a mere...

Author: /time Magazine | Title: Books: Man & Managers | 5/19/1941 | See Source »

Died. Ambrogio Damiano Achille Ratti, His Holiness Pope Pius XI, 81, 261st Pope, Bishop of Rome and Vicar of Jesus Christ, Successor of St. Peter, Prince of the Apostles, Supreme Pontiff of the Universal Church, Patriarch of the West, Pri mate of Italy, Archbishop and Metropolitan of the Roman Province, absolute sovereign of Vatican City, spiritual sovereign of 331,500,000 Roman Catholics; of cardiac asthma and kidney disturbances; in Vatican City...

Author: /time Magazine | Title: Milestones, Feb. 20, 1939 | 2/20/1939 | See Source »

Since the appointment was obviously temporary, observers began speculating. Then they remembered. On August 9, Ohio's Governor Martin Luther Davey will run for renomination in the Democratic pri-mary against former Lieutenant Governor Charles Sawyer. If Governor Davey is defeated, the board of trustees, four of whose seven members he appointed, at a scheduled meeting on August 17 might pluck him the job as Ohio State's president...

Author: /time Magazine | Title: Education: After Rightmire | 6/27/1938 | See Source »

...industries, such as agriculture, that operate at a high level of capacity even when business activity is at low levels, the restoration of profits must come pri marily through higher prices. . . . Recently wholesale prices have declined markedly, yet that decline has been reflected in the cost of living only to a very slight degree. . . . It is clear that in the present situation a moderate rise in the general price level is desirable, and that this rise need not and should not extend to all prices...

Author: /time Magazine | Title: Business & Finance: Economics 2A | 2/28/1938 | See Source »

Comptroller General? If Pat Harrison goes down to defeat in Mississippi's pri-mary this summer, it will not be a sentence of exile from his beloved Washington. A level-headed party regular whose lack of enthusiasm for some New Deal experiments has not abated his zeal helping to bring them into being, he has served his President with a loyalty which cannot well go unrewarded. The Comptroller Generalship, which John R. McCarl will vacate July 1, is believed by many to be his for the asking. In that $15,000-per-year job he would be sure...

Author: /time Magazine | Title: National Affairs: Taxmaster | 6/1/1936 | See Source »

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