Prosperity to Continue Despite Defense Cutbacks
Undersecretary Arthur Larson argues total employment and prosperity can rise even with defense spending reduced. He credits a consumer based economy and the Eisenhower era balance of private enterprise and government backing. He forecasts continued growth with further spending cuts and tax relief, while noting adjustments in some industries to a new wage standard and automation’s impact on jobs. He stresses economy flexibility and steady adaptation to change.
MENTIONED IN THIS ARTICLE
Richard E. Mooney
Washington
Arthur Larson
Defense
Hisenhower
Nation's Business
Chamber of Commerce of the
United States
Larson
Jess
Veteran UP secretary Charles Campbell retires after 32 years
Charles E. Campbell, secretary of United Press, will retire September 12 after a 32 year career. Alfred P. Bock becomes acting general accountant, having joined UP in 1937 and served as financial controller for South America and later in New York. Campbell, a World War I Navy veteran, helped shape UP operations globally.
MENTIONED IN THIS ARTICLE
New York
Charles E. Campbell
United Press
The
Frank H. Bartholomew
Alfred P. Bock
Campbell
Bock
South America
Buenos Aires
London
Europe
United States Navy
State Taxes Totaled 72 For Each Person
Washington report shows fiscal 1955 state taxes averaged 72.25 per person across the 48 states, with California toping $106.29 per person and New York $77.77. Total state tax take reached $11.484 billion, driven mainly by general taxes and gross receipts taxes, followed by motor fuel sales taxes and income taxes.
MENTIONED IN THIS ARTICLE
Washington
Census Bureau
California
Golden State
New York
New Jersey
Tests To Prevent Another Polio Vaccine Outbreak
Washington government tests all Salk polio vaccine to ensure safety and prevent a repeat of Cutter incidents. Surgeon General Leonard A. Scheele advocates strict manufacturer and government testing as vaccine supply increases this fall. He notes irregular vaccine flow but sees potential protection from vaccination while cautioning about ongoing uncertainty. The Public Health Service reaffirms confidence after a Cutter Laboratories report found live virus in some Guiler vaccine samples, though no sanctions against Cutter were recommended.
MENTIONED IN THIS ARTICLE
Miciael J. O'Neill
Washington
Cutter
Leonard A. Scheele
The
Public Health Service
Cutter Laboratories
Berkeley
Calif
Five Million Contracts For Ryan Aircraft Parts
San Diego reports more than five million dollars in new contracts for airframe parts and jet engine components awarded to Ryan Bro nautiod] Ca. in the past month. Airframe units are slated for Convair's Wart Worth plant, with additional F 86 Sabrejet aft fuselage sections for North American Aviation. Jet components also go to Ford Motor Aircraft Division in Chicago and Pratt & Whitney. Curtiss Wright is involved with Grand Canyon National Park’s Havasupai Indian Reservation.
MENTIONED IN THIS ARTICLE
San Diego
Calif
Ryan Bronautiod
T. Claude Ryan
Convair
Wart Worth
Tex
North aAmperiuum Aviation
Tyaniso
Ford Motor Aircraft Division
Chicago
Pratt & Whitney Ueld
Wright Anronau
Curtiss-Wright
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