Word: terme
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Dates: during 1930-1939
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...Keefe case, upholding the right of States to tax Federal salaries and abandoning John Marshall's preachment that "the power to tax is the power to destroy," represented the Court's major doctrinal departure for the term. It altered the nation's basic tax structure, opened the way for taxation of income from Government securities. Last fortnight the Court clinched this point by decreeing that judges' salaries, too, are taxable. Further, it laid open to multiple taxation private fortunes reposing in more than one State at death...
...Michigan's Republican Senator Vandenberg tossed his hat into the Presidential ring this week with characteristic aplomb, assenting to "whatever responsibilities lie ahead." So doing he suggested all aspirants pledge themselves not to seek more than one term...
...once) ruled for himself as well as Stanley Reed, Felix Frankfurter, Bill Douglas that bonds previously payable in gold dollars or foreign currency equal to their gold dollar value are now payable in devalued Roosevelt dollars. Owen Roberts agreed, in the first 5-to-4 decision of the current term. Dissenters: Chief Justice Hughes, Justice Stone and (as usual) Justices McReynolds, Butler...
...ordinary budget (exclusive of emergency arms expenditures) was balanced by increasing direct and indirect taxes ($265,000,000 and slashing expenses, 40,000 surplus State Railway workers alone being fired. To leave the capital market free to industry, M. Reynaud promised that the Government would float no long-term loans until May. The recovery program pinched almost everyone, but the most anguished cries came from the labor unions, whose protestant general strike failed...
...European matters when he served as adviser to the Yugoslavian Government in 1927-28. Serbs appreciated his advice, but continued to oppress Croats, Macedonians, Hungarians. "That cured me," Beard says. He thinks Europe is just a big Balkans, that Americans can never solve Europe's problems. A long-term optimist, Beard believes that Fascism cannot come to the U. S. "Democracy," says he, "is a cause that is never won, but I believe it will never be lost...