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...year ago Mrs. Lucius William Nieman died, leaving Harvard University most of the fortune her husband mined from the Milwaukee Journal. With her bequest Harvard was "to promote and elevate the standards of journalism." Three distant relatives shortly declared that the 75-year-old lady was mentally unsound when she drew her testament four days before she died. They brought her nurse to court to testify that some nights Mrs. Nieman "would drink half a bottle (of gin), some nights a full bottle. . . ." No one could guess why Mrs. Nieman wanted Harvard to have her money, reputedly...

Author: /time Magazine | Title: Press: Fellows | 1/24/1938 | See Source »

...accuse the Student Union and its President, Robert Lane, of unsound judgement in urging a program of participation in political and social movements in the college and the community. Without pretending to give a full exposition of the aims of the Student Union, I should like to make just three points...

Author: NO WRITER ATTRIBUTED | Title: THE MAIL | 1/19/1938 | See Source »

...affiliate of the C. I. O., declared that the solution to the present business recession was to increase the purchasing power of the workers. Business, of course, made it plain that New Deal mistakes were to blame for the slump, emphasizing the lack of confidence which unsound policies have induced. In rather guarded statements economists asserted that only increased employment will cause industry to pick up, and more employment cannot be had without a better balance between price and demand...

Author: NO WRITER ATTRIBUTED | Title: PRE-FIGHT TALK | 1/3/1938 | See Source »

...make forecasts of business activity and if they do intelligent businessmen do not take them seriously. . . . This country is in thoroughly rotten shape. It is sick to the core with economic disorders and political diseases. In essence they are the result of more than 20 years of unsound economic policy and false economic thinking persistently pursued by both Government and the business community. . . . I believe we are now in a major depression which involves the possibility of a break-down of our economic and political organization. The chances are overwhelming that inflation will be resumed. ... I think it is beyond...

Author: /time Magazine | Title: INDUSTRY: Worst Foot | 12/20/1937 | See Source »

...view that business regulation is inevitable, the assembled bankers unanimously agreed with President Hall when he accused the undistributed profits tax and the capital gains tax of being the major hurdles in the path of future financing volume. Said he: "Something could be done by Congress about these two unsound methods of taxation which in effect offer immediate cash prizes for the conduct of one's business and personal affairs in a manner which otherwise would be contrary to all rules of prudence and common sense...

Author: /time Magazine | Title: Business: I.B.A. | 11/15/1937 | See Source »

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