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Newspaper
Amarillo Globe
Location
Amarillo, Texas, United States of America
Date
May 01, 1951
Page
6
ST. LOUIS notes that linseed oil provides elasticity in exterior paints. As the oil dries it solidifies into a flexible surface layer, allowing the coating to expand and contract with weather and movement.
Lt Robert F Sherman reports Amarillo Air Terminal hosted Capt Dwayne Hall of Fifth Air Rescue Squadron in the search for missing Grants New Mexico pilot O B Calame. CAP crews patrolled, Albuquerque became a base, and every step showed the Air Rescue Service’s global reach and training at McDill.
Commerce Department economists report a rising postwar tendency to spend more of higher incomes on consumer goods. The study shows expenditures have remained above prewar relative to income since 1947, with Americans earning $652 in 1941 adjusted buying power and $761 in 1950.
Income rose while savings dipped in early 1951 as spending dominated. Historical data show 1941 saving at 12 percent of income, 1950 around 7.9 percent, and 1951 near 7.7 percent. Economists note higher postwar income fuels increased spending.
In a May 1, 1951 report the Amarillo Globe observes that over recent years low income groups receive more of the extra spending money than higher income groups. The trend suggests those funds are used for buying more or better goods and services and more amusements.
In San Francisco writers note that wine ages vary by type. Some are best after a year while others mature at two or four years. Some wines continue to improve for up to fifty years, so age is not a universal quality indicator.
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