Word: boringly
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Reconstruction got under way in Belgium last week with Nazi supervision. Plans for replacing demolished town halls, stations, apartment houses and schools all bore the stamp of Hitler-style architecture; Nazi commissioners made it clear that the new Belgium must harmonize even architecturally with the German model...
...America, I Presume is a bracing exception to the general rule. Some of it is obvious, some misfires, a good deal is so good it inspires keen regret that it is not a great deal better. Taken as a whole, America, I Presume can be guaranteed neither to bore nor blindfold any U. S. reader...
...Civil Aeronautics Board. The Vultee-Stinson merger looked like a step in that direction. But the aircraft industry thinks there was little if any A. V. C. O., A. T. C. O. or A. M. C. O. pressure, called it a manufacturer's deal. Victor Emanuel tacitly bore them out. When the merger was announced he was in Washington arguing before SEC over something else-the snarled Standard Gas & Electric utility system, also Emanuel-controlled...
...chief fault was its crudeness. Its basic principle: any corporate earnings above 8% on invested capital were "excessive," should be taxed at 30 or 65% (later reduced to 20 or 40%). This was in effect to treat all capital as though it bore the same risk, should earn the same return. But "invested capital," an artificial concept, was only one among many income-producing factors. Results were a tragicomedy of discrimination. Small, growing, high-profit companies found themselves in higher tax brackets than mature, stabilized giants. Corporations with little capital other than their wits (advertising agencies, etc.) paid at higher...
...relations: that of the Entente Cordiale. The Entente, born in 1904 and practically the only political monument to fun-loving, Francophile Edward VII, was only a general understanding primarily concerning African colonial matters. By 1907 it had blossomed into the Triple Entente of Great Britain, France and Russia, and bore its outstanding fruit in lining up the Allies against the central continental power of Germany and Austria-Hungary in World War I. In the 20 years after 1919 the Entente was frequently strained: when Britain refused to consider Germany's occupation of the Rhineland as a casus belli; when...