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This would amount to putting Social Security largely on a collect-as-you-pay basis. Henry Morgenthau warned that the change may well mean higher payroll taxes than those now planned to peak at 3% each on employes and employers in 1949. To even matters up he took another suggestion of the Advisory Council, advised that at some future date the U. S. Government should share the burden with employers and employes; that is, meet part of the expense by indirect rather than direct taxes on prospective beneficiaries...
...Harvard University Press. Theoretically he is supposed to be retired; the catch is that he cannot afford to be. As independent as he is softspoken, Bruce Rogers prefers to die in harness rather than cash in on purely commercial work. Last year his earnings were $1,200; his peak (for two years only) was $10,000 a year...
...rogue most beloved in the U. S. is a precocious, conceited, impertinent, fast-cracking ventriloquist's dummy named Charlie McCarthy. On Sunday nights from eight till nine EST, when the U. S. radio audience reaches its peak for the week, almost a third of the nation tunes in on the Chase and Sanborn Hour to hear Charlie make rude and clever remarks to important people...
...Street Journal this week headlined: BUSINESS IN 15-WEEK SIDEWISE MOVE; BREAK EXPECTED TO BE ON 'UP' SIDE. Evidence to support this conclusion abounded. Such sensitive indexes as scrap steel and commodity prices were up. Steel production at 55.1% of capacity was near the year's peak. Automobile output rose, National Distillers Products Corp. filed the first large industrial bond issue ($22,500,000) since November. And the Dow-Jones industrial stock averages climbed to 149.49, a gain of 13 points from the year's low on January...
Most production indexes showed a steady rise from June to November when the " 15-week sidewise move" began. A corresponding rise in TIME'S index of Business Conditions (see below) took place from March to August, when the TiMEline wavered, subsequently to reach a new peak on the first of the year, and then begin another descent (which has not yet indicated a reversal of the major uptrend). This in no way contradicts the sidewise movement of other indexes, for the TIME index reports not production but the relative soundness of business conditions. Since business activity has lagged several...