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...incentives for capital lay more in what Cripps refrained from saying than in what he said. He did not (as many investors and businessmen feared he would) increase the tax on business profits, put a ceiling on dividends, or tax capital gains. But he had a shocker for those who live on investment incomes-a special tax on rents, dividends and interest, which Cripps promised would apply for only one year. This "capital contribution," graduated up to 50%, on top of the high regular income tax rates, would send many an investor's total tax far beyond...

Author: /time Magazine | Title: GREAT BRITAIN: Cripps & Soda | 4/19/1948 | See Source »

Fast Friends. In Toronto, the University of Toronto newspaper reported a local shocker: the parents of a teen-age girl, eavesdropping on daughter's goodnight to her beau, came a-running downstairs when they heard her scream, discovered that the young lovers had got their dental braces tangled...

Author: /time Magazine | Title: Miscellany, Mar. 29, 1948 | 3/29/1948 | See Source »

...Shocker. In Austin, Tex., Physicist O. S. Hughes turned off his new seismograph for a while, remarked wistfully that a good earthquake had not obliged him yet, discovered next day that one had rocked Peru while the machine...

Author: /time Magazine | Title: Miscellany, Dec. 8, 1947 | 12/8/1947 | See Source »

...More Dollars. Britons had known that they were badly off, but this blunt statement was a shocker. Wasn't "The Loan" supposed to see them through the first five postwar years of reconstruction? What had gone wrong...

Author: /time Magazine | Title: Foreign News: The Bad News | 7/21/1947 | See Source »

...costs $9,990 today. The NHA index of building costs for a standard house stood at 137.4 (1935-39 average = 100) on V-J day (see chart). In the next 18 months it jumped as much as it had in the previous six years. But the real shocker was the way costs had skyrocketed in the last six months...

Author: /time Magazine | Title: HOUSING: Back to 1920? | 5/5/1947 | See Source »

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