Wealth Gaps Shrink During Postwar Era Says Economist
University of Illinois economist Margaret Reid reports from a Federal Reserve funded survey that the rich grew richer and the middle class held steady while the poor gained slightly in wealth. She notes a possible end to the postwar boom as spending lags income and savings rise, with civilians drawing on reserves from 1945 to 1947 amid de mobilization and high birth rates.
MENTIONED IN THIS ARTICLE
Chicago
Margaret Reid
University of Mwlinois
Federal Reserve Board
Economist
Business Review
Reid
Pare Onan
Gers
Famed Wartime Fortress Of Air Placed In Museum
The Swoose, a B 26 bomber with crew from Illinois Air National Guard, was moved to the Smithsonian National Air Museum in Chicago. Col Frank Kurtz led the crew as they landed after early World War II combat over the Philippines. Built October 1941, the aircraft flew to the Pacific before Pearl Harbor and remained active until V E Day.
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Chicago
Smithsonian Institution
National Air Museum
Illinois Air National Guard
Douglas
Frank Kurtz
Omaha
Hamilton Field
Calif
Swoose
Australia
Islands
Pearl Harbor
Georgia girl teaches clerks plain print writing to save money
Madeline Rose Hosmer Brenner from Atlanta leads a national drive to teach retail clerks a bold print writing system based on simple straight lines and circles. The method aims to reduce order errors like skirts misread as shirts and save money for department stores.
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New York
Georgia
Madeline Rose Hosmer Brenner
Atlanta
Madeline Flint Hosmer
University System of Georgia
South
Hosmer
Brenner
National Retail Dry Goods Association
Britain’s Own Sinatra Turns 42 as Fame Grows
London reports Britain’s new singing sensation Donald Peers, dubbed the Cavalier of Song, is 42 and draws a female following. Critics note his light baritone and personal magnetism rather than crooning, while a 17 year old admirer claims he could be her father. Peers stands 5 feet 6 inches tall and became popular after only five broadcasts.
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London
Britain
Donald Peers
BBC
Bobby Stockers
Donald
Feta Bas
Daugh
Norway Dresses Up Whales In Many Tasty Menu Bits
In Oslo a whaling industry is described as versatile and profitable. Norway converts whale products into food, cosmetics, and industrial goods, with annual revenue around 60 million dollars and over 50 million invested in floating factories that harvest about 160000 metric tons of whale oil plus meat each season.
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Norway
Oslo
John Barrymore
Barrymore
Antartic
Russia claims to have most world centenarians
Moscow officials cite a new Soviet film alleging 29 000 citizens over 100 years old the most of any country. It highlights centenarians in the Caucasus and in Moscow including a hunter aged 125 and a 111 year old sheep herder with a large family.
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Moscow
Soviet Union
Soviet Caucasus
Black Sea
Dzhadzh Khagba
Osman Dzeniya
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