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...Germans were concentrating a force at the Cufra Oases, 500 miles south of the Libyan coast. The force was said to have been flown in, complete with air-carried baby tanks. Only British air reconnaissance could tell whether this was fact or fable. A Rome report, answering the British protest that no. soldier could operate in the desert's summer heat (as high as 130°), was that the German tanks were equipped with refrigeration pipes...

Author: /time Magazine | Title: World War, SOUTHERN THEATER: Ships on the Desert? | 5/5/1941 | See Source »

Businessmen are so strong for a balanced budget that they raised little audible protest over the higher taxes on business when the news came out. Last February executives voted more than 2 to 1 in the FORTUNE Forum for heavier taxation, even though they were warned that business would have to pay most of the bill. But the Treasury's tax plan is almost the exact opposite of the program advanced by the management men-a program whose No. 1 and No. 2 planks were a lowering of income-tax exemptions, and a general sales...

Author: /time Magazine | Title: TAXES: End to the Profit Motive | 5/5/1941 | See Source »

...Harvard student who dove off the Weeks Bridge to protest Deanna Durbin's marriage should be more considerate. Think how she will feel when she learns he did not drown! --From the Globe (April...

Author: NO WRITER ATTRIBUTED | Title: THE CRIME | 4/29/1941 | See Source »

...decree threw the steel industry into an uproar of protest. But the uproar was nothing compared with the indignation aroused when Steel Tycoon Ernest Tener Weir lined himself up on Henderson's side this week. Figuring the wage increase his National Steel precipitated earlier this month would cost the industry not more than $135,000,000, he termed the amount "insignificant" compared with Government defense spending. Said he: "There are no facts available today on which ... to determine the necessity of a price change now. ... It won't hurt the industry to take three months to produce facts...

Author: /time Magazine | Title: Freeze in Steel | 4/28/1941 | See Source »

...Loudest protest against the price-freezing order came from Elroy J. Kulas of Otis Steel, who said the labor upping would cost his company $1,200,000, almost twice its last year's $717,000 profit. But even pro-steel sources pointed out that more than half of the wage increase, for the industry as a whole, will come out of the Government's pocket rather than out of the steel mills'. Reason: the corporation and excess-profits taxes which now take 62% of all earnings of $500,000 or more over the base exemption (and will...

Author: /time Magazine | Title: Freeze in Steel | 4/28/1941 | See Source »

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