Word: soaks
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President Willard D. Voit thinks his football is better than a leather one, in every way. On wet days, it won't soak up water, is as easy to kick, pass and catch wet as dry. It is also slightly cheaper than the leather...
...Corporate taxes," said the bank's Monthly Letter, "are already so high as to . . . encourage extravagance and inefficiency and to discourage initiative." As for soaking the rich, there is not much left to soak. Income taxes now take so much from "larger incomes that if the Government expropriated all taxable income over $25,000 a year it would yield less than $1 billion a year over present taxes." National City thought a practical solution was a general sales tax levied at the manufacturing level. "If we are to pay the costs . . . without inflation, taxes will have to be increased...
...Stewart Alsop, 37, put out their own special mixture, a blending of political and economic punditry, forecasts and crusades, e.g., their defense of Dean Acheson and attacks on Louis Johnson while Defense Secretary. Yaleman Stewart is scholarly, quiet; Harvardman Joe, aggressive, facile, gregarious, steers the team. The brothers soak up information incessantly at interviews (upwards of 40 a week), at Joe's lavish parties in his cinder-block-and-glass house in Georgetown, or by legwork around the globe. (Each spends at least part of the year abroad...
...best-known wind tunnels are vast, bellowing monsters that soak up the local power supply and drive the neighbors nuts. Last week Dr. Richard G. Folsom of the University of California described a quieter and trickier tunnel. Built with Navy and Air Force funds, it is a stainless steel tube only 5 ft. long and 18 in. in diameter. Its purpose: to simulate aerodynamic conditions near the earth's outer frontier-the atmosphere 50 miles...
...burden as "widely and thinly" as possible. Income tax will take 2.5% more of everybody's income after personal exemptions. There will also be higher sales and entertainment taxes, and a jump from 30% to 50% on distributed business profits. He rejected left-wing demands for a soak-the-rich capital levy. Biggest surprise of all, he defied his fiery cabinet colleague Aneurin Bevan by proposing that the public pay half the cost of false teeth and spectacles, hitherto free under the National Health Service...