Word: effectiveness
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Dates: during 1940-1940
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...above a certain return (say, 4% to 8%) on invested capital. The House subcommittee which drafted the original bill softened this concept (which is hard on small corporations that use little capital in proportion to their earnings) and confused it. As an alternative, the subcommittee added what was in effect a war-profits tax-a tax on profits above the average of three or four pre-tax years, the increment being supposedly attributable to the defense boom. For the sake of speed, the Treasury raised no objection to this hybridization, and the House passed it like a hot potato...
...give Walsh, who was hired as an expert after the report was published an opportunity to place his recommendations into effect, the University has engaged him as consultant for the year...
Eleven men on the Inter-House Athletic Council direct the vast program of House games and tournaments which takes effect this week with the beginning of House football practice on Wednesday...
...emotional stresses, once aroused in this fashion, tend to create a social compulsion not unlike state edict in its effect, while a brief look-see at the "God Bless America" excesses should convince anyone of the impossibility of maintaining this type of emotional patriotism within non-ridiculous bounds. (At one show currently on Broadway a magician pulls 20 Starred-and-Striped chorus girls out of a hat; they're honeys, but would Professor Elliott approve...
...direction of our diplomacy are not to be solved merely by urging youth to stop disbelieving in ideals and principles. To decide the host of issues which confront him, the citizen must inform himself, and weigh and analyze the evidence in the light of possible alternatives and concrete, practical effect. Waldo Frank is a writer who agrees completely with Adler and Cram about the destruction wrought by the prevalence of empirical nationalism in intellectual circles and its penetration down through the educational system. Yet, in his latest book, "Chart for Rough Water", he takes the stand for which undergraduates...