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...become necessary to create collective power, to mobilize technical resources, and to work out technical procedures by means of which the modern state can balance, equalize, neutralize, offset, correct the private judgments of masses of individuals. This is what I mean by a Compensated Economy and the method of free collectivism. . . . If is a conception which is not spun out of abstract theory . . . It is the method of freedom. The authority of the government is used to assist men in maintaining the security of an ordered life. The state, though it is powerful, is not the master of the people...

Author: NO WRITER ATTRIBUTED | Title: Great Contemporary Issues Deal With Type of Collectivism To Be Instituted, Says Lippmann | 5/17/1934 | See Source »

Normal Tax. Personal exemptions of $1,000 for single persons, $2,500 for married couples, $400 for dependents (no change). Normal tax: 4% flat (old law: 4% on the first $4,000 and 8% on larger amounts). This deduction in the normal tax is, however, offset...

Author: /time Magazine | Title: TAXATION: Act of 1934 | 5/14/1934 | See Source »

Corporate Incomes are taxed a flat 31% (no change) but consolidated returns whereby the losses of one subsidiary offset the profits of another will not be permitted except to railroads. Increased revenue...

Author: /time Magazine | Title: TAXATION: Act of 1934 | 5/14/1934 | See Source »

While attempts have been made to offset this administrative load during recent years, this situation still exists in many courses. In these classes which are just too large for individual attention, the instructor cannot aid a man by reading his papers. Time which might well be spent in investigating one's subject or in preparing material for the next day's classes is sacrificed to the all-important question of whether a paper should receive...

Author: NO WRITER ATTRIBUTED | Title: OVERWORKED PROFESSORS | 5/8/1934 | See Source »

...know Cord." Fact: Day after Cord announced he had bought New York Shipbuilding Corp. for $2,000,000, that company got contracts for some $38,000,000 worth of U. S. war-boats. Fact: Cord's bids were doubtless lowest but-Probable fact: Cord more than offset any operating losses by the resultant boom in New York Shipbuilding's stock. This operation is what prompted La Motte Turck Cohu, whom Cord ousted as president of Aviation Corp., to growl: "The air transport business will be torn away from the pioneer operators . . . and put into the hands of speculators...

Author: /time Magazine | Title: Aeronautics: Farley's Deal | 4/23/1934 | See Source »

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