Word: drafting
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...close to the deadline as possible. So, on New Year's day Joe Purtell, TIME'S senior editor for Business & Finance, sat down with the assembled facts and went to work. At 6 o'clock in the morning, two days later, he handed his first draft to the night typist, and went home...
...reasonable, and Congress passed a complicated formula to exempt 90 to 91%. When the formula was applied this year, the exemptions worked out to 100.7%. That would mean a windfall of upwards of $34 million. The companies agreed that this was more than they deserved and that Congress should draft a new formula for 1948. They were also willing to work out a retroactive adjustment...
...seem ferocious. He got a job copying in a lawyer's office. Electrified by reading Prescott's Conquest of Mexico, he studied Spanish, began writing a novel about Montezuma in a blank book one wintry night. He became a political reporter, for substantial fees helped lazy legislators draft their bills, became second sergeant in his home-town rifle company, and failed his bar examination. "Goodbye," said his father, when he marched away to the Mexican War, "come back...
Publisher Bertie McCormick of the Chicago Tribune ("I'm a Taft man myself") got back to the U.S. after a five-week Pacific junket and unburdened himself of a wealth of political opinions: 1) though General Douglas MacArthur is not a presidential candidate, he would not refuse a draft; 2) "There will be no damned foreigners in the Illinois G.O.P. primary. If Dewey or Stassen try to crash . . . we'll have to do something about it"; 3) "I think very highly of Warren, but a man cannot go into a national convention with only one state...
Wail Amid the Woodwinds. The Austrian treaty draft was set aside. Marshall turned to Germany. Molotov repeated (for German consumption) his demand for a strong central German government. One weary U.S. delegate reported that he could not even go to the opera without hearing a voice wailing amid the woodwinds: "The Soviet Union demands a liberal, democratic, peace-loving central government for all Germany...