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...down $39,000,000 in 1931, up $200,000 in 1932. But fluctuations in net worth do not take account of profits distributed, or capital brought in or taken out due to partnership changes. Income taxes are normally a better measure of a concern's profits, hut Morgan & Co., not being a corporation, does not pay a uniform 13¾% tax on net profits. Taxes are paid individually by the partners on their shares in the profits and are graduated according to the individual income tax. The aggregate taxes paid by the partners amounted...

Author: /time Magazine | Title: Business: Now It Is Told | 6/5/1933 | See Source »

...turned out to be a good manager. They left his shameless mother's flat, got a tiny apartment almost as cheap as it was inconvenient, counted every pfennig twice before they let go. But shortly after the baby was born Pinneberg was fired. They moved out to a hut in the country; Bunny went out washing by the day; Pinneberg minded the baby and tried to keep from stealing. Author Fallada leaves it an open question whether Bunny would succeed in pulling the Pinneberg family through to better times...

Author: /time Magazine | Title: Books: Germans | 6/5/1933 | See Source »

...when she trapped him into giving her unattractive young half-sister a horribly boring day-long birthday treat; but when she collected all his old flames for lunch and nearly ruined his new affair, it was almost too much. Father and daughter both thought they saw through one another, hut mutual affection made them oversuspicious. Though Lindsay finally lost him his good job and nearly drove him wild with anxiety about her morals, his fondness for her grew. When she sent her fiance round to ask her father's permission, and the young man explained to him that Lindsay...

Author: /time Magazine | Title: Books: Father Chastised | 5/15/1933 | See Source »

...insults his inamorata-to make her hate him-and then dies a hero's death by driving his boat, loaded with explosives, into an enemy fortification-much after the manner of two of the principals in Today We Live. All this is as implausible as it is fancy, hut what is neither implausible nor fancy in Hell Below are scenes in the control room of the submarine with men dying slowly of chlorine gas; torpedoes arrowing smoothly toward German mine layers; depth bombs going off near the submarine's bow; a German cruiser exploding and sinking...

Author: /time Magazine | Title: Cinema: The New Pictures: May 8, 1933 | 5/8/1933 | See Source »

...large antique bed, was a problem which the timely arrival of Morris Rosenberg, a penniless fiddler, helped him to solve. Together they lugged it to Central Park. A lucky encounter with a Mr. Sweeney, street-cleaner with a yearning to play the violin, got them a D. S. C. hut to shelter them. Daytimes, Rosenberg fiddled for pennies on street corners, Mr. Otkar prowled around, stole occasional eggs. Evenings, Rosenberg taught Mr. Sweeney how to fiddle. When Mr. Otkar came back one night with Elizabeth, an idealistic prostitute, they all lived together as innocently and quarrelsomely as brothers & sister...

Author: /time Magazine | Title: Books: One More Spring | 2/6/1933 | See Source »

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