DURING the past 25 years billions of dollars of the taxpayers' money have been appropriated, under false pretenses, by the shipping industry.
THE RESULTS of the Greek elections cannot be taken to represent in any way the actual distribution of opinion. Certainly no one will consider the Right henceforth a legitimate majority––not only because of the padding of the voting lists and the abstention of the Left, but also because many who did vote were only expressing in extremis a confused desire of self-preservation from civil war.
War profits—after deduction of war taxes—have been the greatest in history. The government virtually guaranteed contractors against loss by paying for their investments in war equipment. Now business is guaranteed against loss in resuming civilian production. By congressional enactment, the Treasury must pay back excess-profits taxes to businesses which in 1946 suffer certain reduction to income.
NO PROBLEM OF first importance in international relations it less understood in the United States than the economic divergence between the United States and Great Britain. The sudden and unilateral cancellation of Lend-Lease by President Truman has led to a hasty attempt by foreign correspondents and commentators to explain the British situation. But most of these efforts are incomplete and have not sunk far into the American consciousness.