Word: basic
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Dates: during 1940-1940
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...these all-purpose standing forces, another sketchily trained army of 300,000 would be assembled to stand at ease, ready for home defense. Beginning Oct. 1, bachelors between the ages of 21 and 45 would be called up in installments of 30,000 for 30-day periods of compulsory basic training...
Standard production Index is the Federal Reserve Board's, which had slumped from its War II (alltime) high of 128 in December 1939 to a dispirited 102 in April. In June the Index was back up to 114, and continued advances of basic industries in July indicated that it was rising towards 120. Whenever this happens, businessmen who have been burned before begin looking for signs of an inventory glut, wonder how long the recovery can last. But last week they saw few signs of an inventory glut. Production was not piling up in warehouses; it was being consumed...
...What may seem to some as unnecessary delay is almost always, in reality, a period of basic preparation necessary to sound achievement. . . . Few people realize that before actual production can start, months of effort must be expended upon design alone. . . . For instance . . . approximately 2,400 individual drawings are required in the complete design of the light tanks.* . . . The problem of machine tools, which is fundamental to the entire defense program, is another point where . . . it may seem that little or nothing is being done. . . . The kind of work involved does not, of course, attract headlines. Very definite progress is being...
...Against this he presented plans for new revenues of only ?239,000,000, hardly 30% of the increase in expenditure and just about enough to pay for one month of warfare. To get this new income, Sir Kingsley was obliged to ask for new taxes, both direct and hidden. Basic rate for income tax rose from 37½% to 42½%. Sir Kingsley proposed that taxes should be collected at the source-by deductions from weekly payrolls. New sales taxes on luxuries-jewels, furs, fancy hats, silk ties-were set at 24%; and on humble necessities-clothing, shoes, pots, brooms...
...defending the British position in the Middle East were the same kinds of soldiers who won it 22 years ago: 80,000 English soldiers, 15,000 Australians (not allowed in Egypt because they raised such hell there last time), 10,000 New Zealanders and several thousand Indians, in the basic force in Palestine and Egypt. To these are added numerous local detachments such as 1,000 Indians and Britons at Aden. The total strength of the R. A. F. in the region was believed to be about 1,300 planes...