Word: sagely
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This pincer plan was outlined in a memorandum prepared for the War Department last summer by Rolf Nugent of the Russell Sage Foundation, who since has been doing further work on the problem for OPACS Chief Leon Henderson. Nugent suggested a 25% excise tax on automobiles, coupled with larger down payments and fewer months to pay the balance. His estimate : time purchases of automobiles (which now account for about two-thirds of all new car sales) could be cut in half by requiring a 50% down payment and the balance in ten months...
Since the defense program began to boost national income, installment sales have risen spectacularly. The Commerce Department's March figure for new automobile financing was up 41.6% from 1940. Outstanding credit arising directly from retail installment sales of all kinds was estimated by the Russell Sage Foundation at year's end as $4,036,000,000, up nearly 25% in twelve months to a new alltime high. By last week the figure was even higher and still rising...
Baruch was a speculator and a creative investor who amassed enormous wealth outside of industry, who went to help his Government in time of need, and has made a later career as an adviser to five Presidents, an economic Nestor, a sage of war planning. Henderson was a research-foundation economist who has refused repeated offers to turn an honest business dollar, who has always felt his Government needed him, and has proved it. Both have a startling ability to deduce facts from figures, the event from the process. Each likes and respects the other...
...womanhood of a jaded cabaret queen, Elsie (Gladys George). It is no trick for Elsie and her chorus of fancy dollies, who are on kissing-cousin terms with the legislature, to get Annie's bill for woman suffrage introduced. Annie does the rest-with the aid of some sage political advice from a statehouse porter and a spangled hip-tight dress, borrowed from Elsie. An all-woman jury sends Cork to jail and Annie out of political life into the arms of Steve, now a reformed legislator...
...Tolstoy had no business to be born in Europe. He should have been an Indian sage, and then his exit to meditate in the wilderness would have ... troubled nobody...