Word: writes
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Dates: during 1950-1959
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Each week more and more TIME-readers write to the editors to applaud, lambaste or argue about stories in the magazine. Some offer additional information out of their own experiences. Others choose TIME'S Letters column as a forum to air their own views on world events and figures. Whatever the approach, their sprightly and often spirited commentaries from every corner of the earth have made TIME'S Letters columns one of the best-read international forums in the world...
...always amazes me to see the 'big names' who write TIME'S letters," wrote Canadian Reader Stan Obodiac of Yorkton, Sask. "One recent issue [Nov. 26], I believe, hit the alltime high: Ignazio Silone, Renata Tebaldi, Major General Chennault, Ed Sullivan, Floyd B. Odium, to name several...
Goals Filled. ODM's Flemming also refused to issue fast tax write-off certificates to help expand production of steel and five other goods (commercial aircraft, aviation fuel, titanium melting, titanium processing and taconite iron ore). The defense expansion goals have been filled, said Flemming. Actually, more plant expansion now would make steel even scarcer by diverting it to new plants that would not be in production until...
...FAST tax write-offs do not provide the basic solution to the financial difficulties of every industry for large amounts of money required for long-lived equipment. The fundamental solution lies in the revision of the overall tax structure to recognize the limitation that inflation imposes on the replacement of equipment." With these words last week, U.S. Steel Chairman Roger M. Blough pointed up a problem that goes far beyond the immediate argument over ODM's refusal to grant fast tax write-offs to ease the steel shortage. The problem: How can U.S. industry continue to replace and expand...
...first five years. While such a program might not satisfy heavy industries, it would at least ease some of the pressure of increasing obsolescence and spiraling inflation, though some critics argue that it would bring a temporary tax loss for the Government. After a study of tax write-offs, Virginia's Senator Harry F. Byrd, chairman of the Senate Finance Committee, says that there has been a temporary loss of $5 billion in revenue since Korea because of defense fast tax write-offs. But many economists do not think that accelerated depreciation for peacetime industry would be a hardship...