Word: sopped
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...Catholic Campaign" is a shoddy piece of smear. That issue treats the Church with TIME'S typical journalistic skulduggery regarding things Catholic. It would throw a sop to the gullible in the form of a picture of Pope Pius XII and Sister Mary Elaine. Do not palm the smear off on the pretense of freedom of the press. That item makes news only because it throws dung at the magnificent structure of the Church...
...door will have none of it. Said one top Dutch moneyman: "The plan is psychologically dangerous; because you can't force people into virtue. It's technically too difficult to administer." Dr. Johan Beyen, Dutch delegate to Bretton Woods, said Holland plans an orthodox savings drive to sop up inflationary cash, stringent wage & price controls and a retroactive 100% excess-profits tax to grab wartime profits. But most of all Holland stresses what other Governments have ignored-heavy taxes, to bring its budget under control, the step which all European countries must take sooner or later to stabilize...
...bill. President Roosevelt urged the same thing; and Wendell Willkie topped them both with a demand for a $16,000,000,000 tax bill. In arguing for heavier taxes, they were all on the side of the angels, in that they were trying to sop up inflationary spending. But Mr. Morgenthau torpedoed his own argument by garbling the fiscal facts. In arguing that the U.S. must pay for 50% of the war out of current taxes, he plainly implied that unless he got his big tax bill the U.S. would fall far short of this goal. Congress ignored...
...auto industry will sop up much more steel in producing cars than in war goods. G.M., and "C.E.," consumes only 75,000 tons a month today v. 250,000 in peacetime, even though its $4-billion-plus rate of annual production is more than twice its prewar peak...
...Long after the collapse of Germany, leather will probably be scarce: even the minimum Lend-Lease and UNRRA needs will sop up most of the expected drop in military demand. In 1943, long before much "rehabilitation" was militarily feasible, the Army shipped almost 9,000,000 pairs of shoes for Lend-Lease account...