Word: rearmaments
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...same prophecy has been made weekly for six weeks. For the Excess Profits Tax, though nobody likes its present shape, is a defense "must." Franklin Roosevelt has declared that U. S. rearmament must make no new "war millionaires." He therefore attached an excess-profits tax, like a price tag, to two other pieces of defense legislation that businessmen, the Defense Advisory Commission, the Treasury, the Army & Navy all wanted: 1) repeal of the Vinson-Trammell Act's profit limitation on plane and warship orders; 2) permission for defense manufacturers to amortize new plants (for tax purposes) in the short...
...second Forum of Executive Opinion (TIME, Sept. 2), FORTUNE chose the crucial subject of U. S. rearmament. The 15,000 top-flight U. S. business executives on the Forum's permanent panel were asked how they thought the defense program was getting along. By a large majority (73.5%) they replied: the defense program is not doing so well...
...United States peers out into the future, its leaders attempt to find security not only in rearmament and conscription, but in carefully cultivated friendship with Latin America. More and more men will go South to find a career, as cultural exchange increases and trade-nets tighten. Clearly it is a function of a wide-awake college to offer such individuals the chance to prepare themselves. And it is equally clear that, as this new world opens beyond our shores, it is the University's duty to be ready and willing to educate all interested in these peoples and their ways...
...President Conant sees that the greatest difficulty Harvard must face is to reconcile itself to the relatively passive part it must play in such times as these. "Only a few will be called up to give their entire time and energy to our vast program of rearmament. Consequently, many will feel thwarted and long for more active participation...
...survive. But let Reader Dean ponder two facts: i) The Government cannot conscript unbuilt factories. Just now, it is trying to get volunteers to build them, hence some difficulties. 2) Con scripting wealth is a long-established principle of government. Its common name is taxation. One rearmament tax bill has been passed and another is pending...