Word: soar
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...variety of the U.S. diet, rationing was bound to be more complicated in the U.S. than in Britain. Actually it is working a lot better than the gloomy grocery trade had expected. But there will be casualties. Despite the fact that national income is expected to soar to $140 billion from $120 billion, the grocers' gross this year will be down by 40-50%; his profit margin may be shaved from about 5% to about 3% of sales, due to increases in costs. As many as 50,000 small marginal grocers may go out of business entirely...
...money on absenteeism may be even more serious this year. For in 1942 through using up accumulated inventories there was still plenty of goods for the U.S. worker to work to obtain. But in 1943 there will be increasing shortages. This means that no matter how high money wages soar, real wages (i.e., what dollars can buy) are going to fall. And the great problem is how to make...
...keep down costs and turn out more goods. The Treasury's proposed 55% normal-plus-surtax rate (on corporations with more than $25,000 incomes) was hammered down to 45% in the House, down to the Senate's 40% in the final draft. Excess-profits tax rates soar up to 90% but the conference adopted the Senate proposal providing that no more than 80% of any company's net income shall be taken by taxes. For companies with low pre-war earnings and extra-fat current profits this means a real saving over the top 1942 rates...
...foul and squally, the birds of the R.A.F. continued to soar back and forth across the Channel. Night after night, R.A.F. crews flew to Germany, dropped their bombs on the Ruhr...
Silent Flight. Somewhere above 1,000 ft., gliders are turned loose to soar, dropping a wing to lose altitude quickly, gliding downward to gain speed (which may reach 90 m.p.h.), or "picking up a thermal" to rise. Sometimes they even fly in formation. Another man-made addition to flight skill is the complete loop-the-loop, as exciting in a glider as in the oldtime barnstormers' crates. (Two pilots practicing a dog fight at Twentynine Palms -not a usual glider function -crashed and were killed when their wings touched.) A glider pilot, landing, keeps his plane balancing...