Word: budgeting
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With U. S. colleges opening in a month or so, many & many a student is counting his dollars, casting up his college budget. In nearly every institution he may apply for a loan, earn part or all of his living expenses. In inland districts there are colleges which will accept farm produce for tuition. If a student is unemployed but properly qualified he may take free courses at places like Massachusetts Institute of Technology, Washington University (St. Louis) or Lawrence College (Appleton, Wis.). Many another college, like the University of Missouri last week and the University of Iowa three weeks...
...life insurance numbers. Insurance men delight in rolling off the $108,800,000,000 of insurance in force, the industry's total resources of $21,000,000,000. That sum is larger than the U. S. national debt. The companies' annual income exceeds the normal Federal budget. Insurance men love to relate that U. S. insurance companies hold for investment more than 20% of all U. S. railroad bonds, 35% of all utility bonds, 35% of all industrial bonds, 22% of all farm mortgages. Two-thirds of the business is done by the ten largest companies of which...
Reasons: France's monetary gold supply; the most elaborate military system in the world, which cuts so deep into their budget and got them into all this mess. England's handsome and expensive navy, which they are unwilling to reduce; their prosperous world trade, daily increasing under the prestige of H.R.H.; also Great Britain produced five-sevenths of the world's gold last year. (TIME, July...
Object of this, the largest conversion campaign in British history, is to keep taxes down and the budget balanced by saving the British Treasury $100,000,000 a year in interest charges (TIME, July n). To get Britons to give up their 5% bonds for 3½% the Government undertook a tremendous financial operation. Short term money rates were reduced to startlingly low levels. Other outstanding 3½% bonds sold at 85 in early May while the new 3½% loan sells at 97, represents an immediate loss of 3% for all who converted...
...last December, he found himself second only to Chairman Collier of Mississippi on the Ways & Means Committee. When Chairman Collier fell ill and withdrew to recover, Mr. Crisp stepped into the committee's acting chairmanship at a most difficult time. Taxes had to be raised to balance the Budget. Upon him fell the unpopular responsibility of drafting a billion-dollar revenue bill and pushing it through a balky House. He voted for: Declaration of War (1917), the 18th Amendment (1917), Volstead Act (1919), Tax Reduction (1924, 1927), Restrictive Immigration (1924), Soldier Bonus (1924), Reapportionment (1929), Farm Board (1929), Bonus...