Word: term
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Dates: during 1940-1949
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...away as the St. Louis Post-Dispatch, Candidate Stevenson was hitting hard at graft, shakedowns and kickbacks in the state administration. Cried the News: "The Green administration . . . nourishes a swarm of grafters, chiselers and racketeers who grow bolder every year." Even if Pete Green rode into a third term on the Republican tide, socialite Lawyer-Diplomat Stevenson was learning some lessons for the future in the rough & tumble of Illinois politics. Said Stevenson: "If it's true that politics is the art of compromise, I've had a good start; my mother was a Republican and a Unitarian...
...Crosby and Vacuum Foods might have found a tax loophole which permitted 1) small companies to get big-time radio stars at comparatively small cost, and 2) big-time stars to keep much more of their income by making it in stock profits, taxable as a long-term capital gain (maximum 25%) instead of income (maximum 77%). In effect, if the stock should rise in value-thanks to Crosby's radio plugging-and Crosby should sell his shares, the profits were expected to be taxed as capital gain. (Outsiders were already offering $7 a share for the stock...
Died. Wilbur Lucius ("Uncle Toby") Cross, 86, tweedy four-term Democratic governor of Connecticut (1931-39), longtime dean of the Yale Graduate School (1916-30), scholarly editor (1911-40) of the Yale Review, an authority on the 18th Century English novel (The Life and Times of Laurence Sterne, A History of Henry Fielding); in New Haven, Conn...
...attic bedroom he steps into his study for 2½ solid hours of work on Washington. Here visitors, and even his family, are forbidden. On the walls are autographed pictures of his friends Winston Churchill and Admiral Nimitz, a letter from President Roosevelt thanking Freeman for suggesting the term "liberation" instead of the "invasion" of Europe, and a Helen Hokinson New Yorker cartoon in which a bewildered matron returns two fat volumes to her bookshop, saying: "I guess I bit off more 'Robert E. Lee' than I could chew...
Expecting a natural decline in accordance with the cyclical theory, McNair said that a budget slash plus possible tax increases would avoid "irreparable long-term damage to the economy, which would be the result of additional governmental controls...