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...light beams; but to shoot bullets around corners, through a barrel embedded in a propeller shaft revolving several thousand times per minute-Wow! Even if the barrel grooves would turn in the same direction as the propeller the velocity of the bullet would, in order to be effective, far exceed that of the propeller revolutions; so that, even if the bullet should manage to leave the propeller shaft, the accuracy of its aim would be as cockeyed as that of the New Year's soak trying to hit the keyhole. Machine guns synchronized to shoot through propeller blades...

Author: /time Magazine | Title: Letters, Mar. 8, 1937 | 3/8/1937 | See Source »

...three countries able to stand comfortably the strain of an arms race. During the next year, for instance, the United States and Great Britain are each to spend a half billion dollars in naval building. The sums to be expended by the European democracies for armies will exceed even these impressive figures. To a certain extent the countries ruled by dictators can match their rivals dollar for dollar, but not in the long run. As long as the democracies remained content with third-rate military machines, the dictators, with their limited resources, could still surpass them and make a good...

Author: NO WRITER ATTRIBUTED | Title: INTO DEEP WATERS | 3/4/1937 | See Source »

These awards, not to exceed six in number, have been granted since the fall of 1935. The schedule usually followed is to spend the first year at Harvard in preliminary research and study, the second in field work or a public interneship, and the third, again at Harvard in order to integrate the theory and practice of public service. Applicants for the fellowships must have a B.A. degree or its equivalent...

Author: NO WRITER ATTRIBUTED | Title: FELLOWSHIPS OPEN FOR PUBLIC SERVICE STUDY | 1/19/1937 | See Source »

...only real Social Security expense is the system's net deficit, $61,174,000 for 1938. However there is one big difference between selling annuities and letter-carrying: Social Security payments will be far smaller than its tax collections for many years. In 1938 collections will exceed actual payments by $480,000,000. This money will be invested in Government bonds and if a $40,000,000,000 reserve should be built up as anticipated, the Government might eventually owe its whole public debt to its prospective pensioners. It was this that Alf Landon last fall called a "cruel...

Author: /time Magazine | Title: FISCAL: 35 Billion 26 Million | 1/18/1937 | See Source »

...those parts of Kansas and states of the North Central region where corn is the chief crop, farmers will be told how much corn to plant, get an extra 5% added to their soil-diversion bounty if they obey. If they exceed their planting limit, there will be a deduction for each extra acre. Thus the Department, fearing a surplus which would send corn and hog prices crashing, hopes to bring corn acreage from 1932-33's 59,000,000 and last year's 54-500,000 acres down to some 54,000,000 acres. Reluctant to discuss...

Author: /time Magazine | Title: FARMERS: 1937 Model | 12/21/1936 | See Source »

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