Social Security Adds Ten Million New Coverage Beginning January
The 1952 year brings the largest extension of social security since 1939. About 10 million more people become eligible for old age and survivors insurance starting Monday, expanding coverage to household workers farm workers and the self employed. The self employed join under tax rates of 11 2 percent on the first 3600 of earnings with annual payments. Maximum pensions rise to 80 dollars monthly for new retirees after July 1 1952. Household employers must meet 24 days of work in three months and pay at least 50 dollars to be covered. Farm workers require five months with one quarter of noncovered work and 50 dollars in the next quarter.
MENTIONED IN THIS ARTICLE
Washington
Congress
Oil production and inventories rise in week reported
The American Petroleum Institute notes a weekly rise in crude oil and lease condensate output by 4 600 barrels to 5 767 910 in the week ended Dec 20. Refiners crude throughput hits 6 388 000 barrels per day, heavy fuel oil at 9 925 000, light fuel oil at 10 024 000, finished and unfinished gasoline stocks at 116 695 000, with US gasoline production estimated at 20 622 000 barrels. Five tons of mail daily are sent from United Nations troops in Korea to worldwide destinations.
MENTIONED IN THIS ARTICLE
New York
American Petroleum Institute
Supreme Court Considers Bank Insurance Plan
The Texas Supreme Court weighs whether small Texas banks workers may join a statewide bank insurance and retirement plan sponsored by the Texas Bankers Association. The case centers on a $10 million policy contract with Great Southern Life and disputes over a 25 employee threshold for group insurance.
MENTIONED IN THIS ARTICLE
Texas Supreme Court
Texas
Texas Bankers Association
Great Southern Life Insurance Company
George B. Butler
Board of Insurance Commissioners
Houston Bank and Trust Company
Harris County District Court
Butler
Galveston Court of Civil Appeals
Supreme Court
Bankers Association
Peiping says captured US photographer safe in rear area
Peiping radio quoted a Red correspondent saying Frank Noel, the Associated Press photographer captured in Korea on December 1, is in a POW camp in the rear areas. The broadcast claimed Noel signed a statement thanking the Reds for courteous treatment.
MENTIONED IN THIS ARTICLE
Tokyo
Frank Noel
Associated Press
Korea
Peiping
Communist Radio
Red
Noel
Texas Banks See Record Deposits at Year End 1950
Texas banks end 1950 with record deposits across cities as the periodic call shows strong nationwide and state banking health. Dallas, Houston, Fort Worth and multiple Texas cities post new highs with gains ranging from millions to over $200 million since 1949, led by industrial activity and reserve requirements.
MENTIONED IN THIS ARTICLE
Dallas
Southwest
Federal Reserve System
Houston
A. D. Simpson
National Bank of Commerce
Fort Worth
Corpus Christi
Lubbock
Kilgore
Midland
Beaumont
Marshall
San Angelo
Sherman
Hillsboro
Berger
Amarillo
Abilene
Wichita Falls
Orange
Germless Soap Proves Free of Germs in Tests
Experiments using soap from hotels kitchens machine shops and other sites show no living organisms found in tests indicating the product does not transmit germs.
Automobile Makers Debate Material Supply For Next 60 Days
Detroit reports show industry circles speculating on January through March output amid material cutbacks and imbalances. Some say defense needs and civilian reductions will limit disruption while others fear layoffs as war contracts consume space and tooling. R L Polk notes November new car registrations fell to 450,000, about 130,000 below October.
MENTIONED IN THIS ARTICLE
Detroit
Economic Stabilization Agency
Efense
United States
R. L. Polk & Company
Care Hospitals Use Boa Constrictors for Paralysis Cure
In Ecuador, Clever Care Hospitals reportedly employ pet boa constrictors to treat paralysis. Patients allegedly imagine sickness, letting boas roam paralysis wards to frighten them into seeking treatment.
MENTIONED IN THIS ARTICLE
Ecuador
Also Mentioned on This Page
Alexander R. George
Pioneer Air Lines
Scarbrough & Sons
United Nations
Capitol
David J. Wilkie
By Clark
Zemo
Itec
Robt. Mueller
Bro
Evary White Sale
A. Koolfoam
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