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...charges low tariffs on raw materials it needs, but imposes duties as high as 33% to 40% on finished goods, then pushes the barriers still higher with additional special taxes and import quotas. Cars, for example, are imported under a modest 20% tariff, but with added taxes, the total bite comes to 60%. Depending on how business is doing, quotas, taxes and tariffs are raised or lowered at the drop of a franc; sometimes one barrier goes down while another goes up simultaneously. Recently. France increased import quotas on Swiss watches by 50% as a help to free trade, then...

Author: /time Magazine | Title: LOWER TARIFFS: Other Nations Do Not Follow U.S. Lead | 12/5/1955 | See Source »

Soak the Executive. Nobody offered any evidence that labor's rank and file duck overtime work to keep out of higher tax brackets, but many an industrialist feels that the up-to-87% bite out of top management salaries is harmful. "The effectiveness of the money incentive is being eroded by the tax rates in the upper brackets," said Crawford H. Greenewalt, president of E. I. duPont de Nemours & Co.; "there are signs among the younger men that promotion is a little less attractive than it used to be ... When a promising young business executive decides that...

Author: /time Magazine | Title: GOVERNMENT: What's Wrong With Taxes? | 11/28/1955 | See Source »

...with Manhattan's Metropolitan Opera. Il Trovatore's first notes, when she stood in slender profile in her crimson robe and sang of her love for an unknown troubadour (Tenor Jussi Bjoerling), until she took poison and died in Act IV, her voice contained some of the bite and much of the richness of a clarinet. But its quality was warmed and softened with womanliness. It floated with effortless grace, swelled until it filled the whole block-long auditorium, tapered off sensuously into a decorative vocal arabesque. Whether she was making the most of one of her meaty...

Author: /time Magazine | Title: Music: The Most Exciting | 11/21/1955 | See Source »

...first public stock issue of the Ford Motor Co. (TIME, Nov. 14). To Funston, this was a "landmark in the history of the ownership" of American business. To brokers, it was the biggest stock pie they had ever seen ($400 million). And everyone seemed to want to buy a bite. Orders flooded in by mail and phone; thousands of people who had never ventured inside a broker's office got ready to shell out their savings at the magic name of Ford. Even the U.A.W.-C.I.O., which had flatly turned down an offer from Ford last May to permit...

Author: /time Magazine | Title: WALL STREET: Every Man a Capitalist | 11/21/1955 | See Source »

...well-informed witchlover. Author Bradbury may owe even more to John Collier, another veteran djinn-and-bitters addict. Like Mary Wollstonecraft (Frankenstein) Shelley and Bram (Dracula) Stoker, these writers appeal to the middle or relatively uncorrugated brow, rather than the highbrow, who finds more than enough to bite his nails over in the Age of Anxiety without faking up a little more. The highbrow, in fact, whose modern poetic world has been defined by Poet Marianne Moore as "imaginary gardens with real toads," does not scare easily at imaginary toads, even if, as in Author Bradbury's case...

Author: /time Magazine | Title: Books: Djinn & Bitters | 11/21/1955 | See Source »

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