Word: returns
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Dates: during 1940-1940
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...international relations in a war-torn world were not only bewildering but disillusioning. Young Philip Stegerer of Washington, D. C., who enlisted last February in the Canadian Active Service Force, was honorably discharged because of old injuries and was preparing to return home. But a U. S. board of inquiry decided that, since he had pledged allegiance to George VI, he was no longer a U. S. citizen. He could not re-enter his country...
...fault was its crudeness. Its basic principle: any corporate earnings above 8% on invested capital were "excessive," should be taxed at 30 or 65% (later reduced to 20 or 40%). This was in effect to treat all capital as though it bore the same risk, should earn the same return. But "invested capital," an artificial concept, was only one among many income-producing factors. Results were a tragicomedy of discrimination. Small, growing, high-profit companies found themselves in higher tax brackets than mature, stabilized giants. Corporations with little capital other than their wits (advertising agencies, etc.) paid at higher rates...
...wielding triumvirate. A regime similar to that of Generalissimo Franco, with whom 84-year-old Marshal Pétain was "tremendously impressed," was generally predicted. While Berlin applauded approvingly, French Cabinet members denounced "unwieldy democratic procedure," demanded the reduction of "party strife and intrigues to a minimum," proclaimed the return of "authority, sovereignty and prestige" to the Government. France was well on the way to becoming Hitler's Gallic...
...Charles de Gaulle, to Northern Ireland to await developments. But last week, as military experts emphasized the urgent necessity of closing the "Irish back door," the popular demand grew in England for a final settlement of the Irish question through sacrificing Lord Craigavon and the six Northern counties in return for a unified defense of the British Isles...
Three weeks ago visitors at University of Michigan's commencement were startled when President Alexander G. Ruthven exclaimed in his address: "To those young people who are planning to enter or return to the University next year, I issue this warning: Michigan welcomes only students who are convinced that democracy is the ideal form of government for a civilized people. She will not be confused by sophistries built around meaningful but ill-defined phrases such as 'freedom of the press' or 'freedom of speech,' but will deal firmly, without fear or favor, with subversive...