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Newspaper
Akron Register Tribune
Location
Akron, Iowa, United States of America
Date
Aug 03, 1950
Page
2
American troops face heavy resistance in Korea with analysis on manpower mobilization and wartime industry forecasts. Editor notes reflect Western Newspaper Union analysts assessing economic and military strains amid ongoing conflict.
Korea enters its fourth week with U S troops increasingly pressed. U S armor and artillery lag behind North Korean tanks as Taejon falls from a broken Kum river line. North Korea holds 10 to 15 divisions and up to 250000 men with tanks and supplies from Russia and China. U S air power weakens enemy concentrations but foot soldiers must endure mud rain and cold. McCarthy charges prompt Senate inquiry denunciations while Soviet terms for ending the war circulate amid UN settlement chatter.
Observers speculate on near term mobilization for Korea with President Truman expected to outline urgent steps to Congress. Proposals include 5 to 6 billion dollars in funds, raising Army and Navy manpower, expanding the Air Force, and new limits on metals, auto and consumer goods, with labor readiness urged by AFL leader William Green.
Educators report a shift toward 100 percent promotion in the lower grades. They argue that repeat failures discourage, lack reliable failure measures, and that true failures reflect broader schooling issues rather than pupil inadequacy. Nonpromotion is seen as admission of an inadequate program, not a remedy.
Observers call the move one of the strangest lineups in modern politics as the House rejects a constitutional amendment to make presidential elections reflect the popular vote. The Senate approved the measure last spring, needing two thirds in the House and state ratification if it had passed.
As the Korean war enters its fourth week, U S profits data show after tax profits for manufacturing firms in Q1 1950 were nearly five percent higher than Q4 1949. Meat and coffee prices rose, sparking concern over living costs and potential profiteering. Federal Reserve notes industrial production hit a new postwar peak in June, about one percent above the October 1948 peak and 17 percent above June 1949. Key points include Q1 1950 after tax profits up $100 million from Q4 1949, return on equity at 12 percent, $1 billion in dividends, profits per dollar of sales at 6.2 cents, and $1.5 billion in tax set asides in both 1950 and 1949 Q1.
Henry Wallace once a popular progressive and former vice president faces renewed criticism from the Daily Worker labeling him a Wall Street buccaneer. Observers weigh his next public utterance as the muddled thinker tours a controversial legacy.
A collage of notices lists varied rates for services and items across Sioux Falls to Watertown, urging readers to write or call for updated price lists. It mentions overnight service, print orders, reprints, radio station KWAT, Governor campaign, and rental cabins on Baby Lake plus a classifieds request for pheasant skins and feathers from Mitchell.
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