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...references to A. R. Orage have greatly interested admirers of his trenchant critical pen in his old New Age days. One of the high spots of his editorship of that weekly was the sponsoring and of the the forcing Douglas "Social Credit Movement" and the forcing into spectacular journalistic combat of the famous economic " A plus B" Theorem. This latter declares that the total purchasing power of the community only secured by way of wages, salaries and dividends, is, under the present cost-accounting system, insufficient to buy back the total products of industry...

Author: /time Magazine | Title: Letters: Apr. 21, 1930 | 4/21/1930 | See Source »

...scope of the questions before the committee was larger than the Williams case. Assistant Secretary Ingalls denied that the U. S. was behind other powers in fast combat planes, though the Navy has been experimenting steadily with aircraft, seeking to develop a combination of endurance and reliability with speed. Lack of funds has been a constant handicap. The Navy's request for $3,000,000 to carry on aircraft development has been cut down to $2,000,000 per year for three successive years. In 1929 the Navy's air fleet was given $32,089,000. This year...

Author: /time Magazine | Title: Naval Air Matters | 4/21/1930 | See Source »

...importance of air control in naval combat was last month clearly emphasized in the fleet's maneuvers off Haiti (TIME, March 24). Umpire of that theoretical conflict was Rear Admiral Thomas Pickett Magruder, whose criticisms of the Navy put him on the "waiting orders" list for months (TIME, Oct. 3, 1927). Scouting planes from the Lexington located the Saratoga and Langley just after daybreak while their flight decks were filled with aircraft. Admiral Magruder ruled that the Lexington planes damaged the Saratoga's flight deck which was later destroyed by bombers from the Lexington. Likewise the Langley...

Author: /time Magazine | Title: Naval Air Matters | 4/21/1930 | See Source »

...death.) If the dogs run a tiger into a cave, Hunter Siemel goes in after it, spear or bayonet in hand. That, he says-for he is a sportsman as well as a businessman-is the finest way to kill a tiger, in hand-to-claw combat. The spear or bayonet must be sharp enough to penetrate the thick, rubbery pelt through which no dog can bite; long enough so that an impaled tiger's claws cannot reach the hunter. The spot to aim for with the bayonet is the breast bone, a not-too-difficult mark after...

Author: /time Magazine | Title: Animals: Tiger Man | 4/21/1930 | See Source »

Hormone Surgery. A hormone, secreted by a gland at the base of the brain, was discovered by Milton 0. Lee of Harvard. It tends to lower combustion rate of tissue. This faculty might, he suggested, be employed to combat tissue destruction caused by the hormone of the thyroid gland, obviate the necessity for many surgical operations...

Author: /time Magazine | Title: Medicine: Researchers in Arms | 4/7/1930 | See Source »

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