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Newspaper
Big Piney Examiner
Location
Big Piney, Wyoming, United States of America
Date
Dec 28, 1950
Page
2
Truman and Aittle outline a peace without appeasement program amid ongoing Korean crisis. The article frames a grave international stance, stressing firm policy and potential actions to deter aggression while seeking stability in Asia.
A five day U N conference ended with a 10 point statement urging continued military and economic aid to non Communist Asia while stressing unity between the United States and Britain. Both Nationalist China and the Communist regime oppose United Nations admission of Red China and the Kore an question remains unresolved amid broad NATO defense plans.
The Senate approved a six day extension of the federal rent control law, with House approval expected easily. The measure extends existing controls through June 30, preserving Truman’s request for a 90 day continuity to give Congress time to study inflation measures alongside other price controls.
After a harsh setback the U S Eighth Army fell back to positions below the 38th parallel while Marines and British units reached Hambuk in a subzero retreat. Analysts warn the Chinese may push further, risking UN troops being expelled from Korea, a prospect seen as humiliating for free nations.
At the American Farm Bureau Federation meeting in Dallas Texas, President Alay Kling argues price controls do not curb inflation and urges higher taxes as a better policy. Pam Burtedu notes polls show opposition to rationing while ceilings fail to curb inflation. H H Alp’s policy office backs an advisory panel recommending no price ceilings nor rationing.
Readers face a cautious forecast for 1951 with higher costs and taxes, tighter credit, scarce wool and nylon, and fewer autos as production lags. More jobs, longer hours, and stricter consumer credit rules are anticipated, plus an excess profits tax. The era's end brings trial notes on espionage agent Harry Gold, and claims of bold business investments in early 1951.
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