Reds Launch Offensive in Korea and Drafts Impending
The report details renewed North Korean and Chinese pressure on U N forces in Korea with over 200000 attackers driving retreats. It notes homefront morale versus battlefield grit and outlines the army draft expansion to 450000 and a 3½ million manpower goal by July. President Truman faces tax requests to cover defense costs amid a 75000000000 annual spending projection.
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U S Outlines Japan Rearmament and Formosa Stance
The United States signaled Japan may rearm after a peace treaty and keep Japan in the democratic fold. A note to Russia stressed Formosa must be settled under the UN charter, indicating the U S view that it need not hand Formosa to Chinese Communists and that Japan could host U S and other nations troops for self defense.
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Casualties and big four talk shape postwar outlook
As of January 1 the army listed 38325 Korean War casualties, including 6432 dead and 27012 wounded. The figure breaks down by service, with 32066 Army 5524 Marines 429 Navy and 306 Air Force. Above war news, reports on a stalled big four conference and Acheson’s call to insist on faith and production.
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March of Dimes Campaign Underway Across Nation
The 1951 March of Dimes drive starts nationwide as polio cases mount. Officials report $58,000,000 spent on patient care since 1948 and note the fund is at its lowest point since 1938 founding. Public donations remain crucial to sustain future care.
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Truman Signs Excess Profits Tax Bill
President Truman signed a $3 300 million excess profits tax bill imposing a 77 percent tax on corporate excess profits defined as earnings above 85 percent of a firm’s average profit in its three best years from 1946 to 1949. The second installment targets corporations with net income of $25 000 or more annually.
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