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Newspaper
Bridgeport Telegram
Location
Bridgeport, Connecticut, United States of America
Date
Feb 03, 1958
Page
5
The Bridgeport Post announces subscription details for its newspapers and cross publication with The Bridge Telegram. The piece also reports on a Senate committee's view that ballistic missiles matter less than space control and urges a rapid, decisive military organization to win the space race.
Economists doubt a quick cure for inflation with some predicting persistence into the early 1960s. The current recession shows production deflation but prices rise, with the cost of living up 3.1 percent in the past year. Experts warn of runaway inflation and its broad harm to workers and the public if left unchecked.
Washington politics see another push for tax reductions despite high military spending and a federal debt limit increase. Representative Lesinski proposes raising personal exemptions from 600 to 700, a move estimated to cost about 2 billion but offset by other tax changes. The year’s election may influence Congress despite tough odds.
The Senate Preparedness subcommittee backs President Eisenhower’s claim that the U S military position is stronger than the Soviet Union’s. It notes limits in Soviet power and warns satellites may lead to future weapons while asserting the country remains near parity or ahead in key areas.
The Common Council Highway committee surveyed viaducts and recommended lighting under 17 of 20 sites with three deemed unnecessary. The move targets reducing crime and accidents, improving pedestrian safety, and easing residents’ worries about darkness and safety.
St. Louis Grade-Democrat observes former President Truman attacks Ike while defending his own wartime decisions. The piece argues Truman’s foreign policy failed to avert a world war and the Korean conflict, noting Eisenhower’s restraint and past decisions in Europe and Asia.
The Detroit Free Press argues that U S oil import restrictions anger Canada a key trading partner while the United States pursues defense measures NATO pledges and base payments. It notes Canada may be hurt by policy and mentions other foreign policy contrasts with allies and neighbors.
Sylvia Porter summarizes 1957 tax developments from IRS rules and court decisions that affect individuals and businesses. Key points include stricter handling of expense accounts, gifts treated as additional compensation, insurance tax consequences for business costs, and the risk of unreimbursed travel and entertainment payments. The column promises practical guidance for filing 1957 returns and planning for 1958.
The article surveys mixed views on the U.S. economy as analysts clash over whether the recession ended or deepened. Administration optimism cites defense spending and credit ease, while opponents warn unemployment could rise to five million and demand larger domestic investment.
Diplomats at UN believe a scientific panel will produce a unified objective report on radiation effects by July 1. The 15 nation committee, including the United States Soviet Union and Britain, will deliver a cautious assessment, despite East West tensions over fallout and weapon tests.
William Riley, president of the Holy Name Society at St Augustine's Cathedral, announced that the next meeting moved from Tuesday to February 12. A sports night program will be presented in the school hall that evening.
The Senate Foreign Relations Committee signals lengthy hearings to uncover causes of diplomatic setbacks and lag in military matters. Congress aims to probe defense, foreign aid, and executive handling while acknowledging limits on direct leadership in international affairs.
Bonn refuses again to fund Allied troops in West Germany amid a tense NATO talks led by Paul-Henri Spaak. British demand tops the agenda at 588 million marks for next fiscal year while Spaak raises U.S. and France support payments as the dispute remains unresolved.
The piece traces costume jewelry origins from ancient bindings to modern luxe. It cites Ethel Levey as a 1900s icon known for multiple bracelets and anklets, and mentions fashion cycles from Zanzibar to New York nightlife.
In Warsaw Polish scientists hail America's satellite as a major scientific achievement surpassing Sputniks. Professor Jan Gadomski of Warsaw University Observatory notes its three month broadcast life and meteor relay test as proof of high instrument technique. He argues public impact favored the first Sputnik, but the new satellite holds greater scientific value.
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