Tax on nonessential goods urged by bankers group
The Investment Bankers association proposes a sales tax 5 percent on mid range goods and 10 percent on luxury items, with essentials like food rent gas electricity and children's clothing exempt. It may accompany existing income tax increases as government revenue remains tight.
MENTIONED IN THIS ARTICLE
Investment Bankers Association
Congress
Nazi drive to Black Sea looms near Odessa and Nikolaev
Allied dispatches report German panzer units pushing toward the Black Sea coast near Odessa and Nikolaev as part of a surrounding offensive around Kiev. Soviet armies are said to be hard pressed, with capital losses and large tank columns destroyed, while guerrilla actions recur deep behind German lines.
MENTIONED IN THIS ARTICLE
Hitler
Ukraine
Black Sea
Ochakov
Odessa
Russia
High Command
Kiev
Dnieper
DNB
Moscow
London
Semeon Budyonny
South
Adolf Hitler
Nikolaev
Smolensk
Leningrad
Soltsi
Red Army
Urge Billion Slash In Defense Measure
Washington (UP) The senate appropriations committee unanimously recommended a reduction of 1.234 billion dollars in the supplemental national defense bill. The cut trimmed a house approved 3.486 billion dollar ordnance item for equipping a potential army of 3 million men, while Adams said the same manpower goal remains attainable.
MENTIONED IN THIS ARTICLE
Washington
Senate Appropriations Committee
House
Adams
House Defeats Extended Military Service Voluntary Plan
Washington AP reports the House rejected a Republican bid to extend military service on a voluntary second year. A teller vote, 185 to 146, blocked the proposal linked to dropping the national interest imperiled declaration. A second amendment, 176 to 117, to extend training for guards, reserves, and retirees failed. Democratic leaders offered an 18 month duty cap and a hardship-based release if allowed by defense needs.
MENTIONED IN THIS ARTICLE
Washington
House
Dewey Short
Missouri
National Guard
Short
Army
War Stimson
Weather cools to 82 in Cedar Rapids after 100 degree Monday
Cedar Rapids recorded 82 degrees at 2 30 pm Tuesday as a hot day followed Monday’s summer high of 100. A brief shower near 4 pm dropped the temperature and humidity hovered around 25 percent. The day started with a 70s low and rose slowly, hitting 71 by 7 pm with calmer conditions thereafter.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Heat wave ends as Iowa cools after 100 degree surge
Des Moines saw temperatures drop from a Monday high near 100 to 68 as rain moved through the state. Marshalltown recorded 101 degrees the previous day while Inwood bottomed out at 55. Readings varied, with Monroe reporting 1.19 inches of rain and several towns noting lighter totals further west.
MENTIONED IN THIS ARTICLE
Des Moines
INS
Iowa
Marshalltown
Inwood
Monroe
Mount Ayr
Carroll
Dubuque
Atlantic
Ames
RAF Blitzes Cologne in Big Daylight Raid
The Royal Air Force and Allied air forces conducted a major daylight attack on Cologne and sustained raids across northern France. Blenheim sorties, fighter escorts, and night strikes on Berlin and Ruhr targets formed part of a broader aerial operation described as a pincers move with Soviet assistance. Berlin minimized the impact of Monday night raids. Moscow reported German attacks on Moscow with limited casualties and no fires.
MENTIONED IN THIS ARTICLE
United Press
Royal Air Force
Cologne
France
English Channel
Calais
Dunkerque
Berlin
Krefeld
Rheydt
Munchen-Gladbach
Germany
Rhine
Ruhr
Reich
Moscow
Britain
Roosevelt forms board to curb installment credit use
President Roosevelt established a system to control installment credit across banks stores and finance firms. The Federal Reserve will regulate consumer durable goods and small loans, with penalties up to 10 years in prison and $10 000 fines. Regulations may require larger down payments shorter terms and fixed payment schedules.
MENTIONED IN THIS ARTICLE
USTAS
Roosevelt
Federal Reserve Board
Herring
Washington
Marriner S. Eccles
Seven American Officers Die in British Plane Crash
London AP reports twenty two Royal Air Force ferry command officers died when a large transoceanic plane crashed on a hillside after leaving a British airport. Seven American officers are listed by name and home, with eight Canadians among the dead.
MENTIONED IN THIS ARTICLE
London
United States
Canada
Royal Air Force Ferry Command
Atlantic
E. G. Reeves
Roslyn Heights
N. Y
G. T. Harris
Kansas
D. J. Duggan
Winthrop
Mass
H. R. Judy
Dallas
Tex
T. J. Vixen
Los Angeles
J. J. Roulstone
Long Beach
Calif
W. M. King
Arkansas
Montreal
Britain
Legendary RAF Aces Reported Missing
London AP Wing Commander Douglas Bader and acting Flight Lieutenant E S Lock, famed aces with 15 and 30 confirmed victories respectively, were reported missing on Tuesday amidst ongoing wartime operations.
MENTIONED IN THIS ARTICLE
London
Douglas R. Bader
Britain
E. S. Lock
Children Have Big Day at Fair Rain Cuts Program
Rain halted the All-Iowa fair auto crash show after a sunlit afternoon with 8,000 spectators, mostly children, at Hawkeye Downs. Jimmy Skinner of Springfield and Crash Cook enthralled the crowd as 19,000 visited for the afteroon and evening sessions. adults and kids crowded the midway and buildings before the shower forced an early end to the star stunt act.
MENTIONED IN THIS ARTICLE
Suicide Club
Minneapolis
Charles D. Moore
Hawkeye Downs
Fair Management
Sters
Jimmy Skinner
Springfield
Cook
E. A. Millikan
Red Cross
School Board To Seek Rehearing On 1940 Budget Case
Cedar Rapids school district plans to file for a rehearing with the supreme court after Aug 4 ruling that cut the 1940 budget to 881,020. The board argues the court gave no balance yardstick and seeks clarification, while the 1942 budget of 1,282,106 was approved after a quiet hearing.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Supreme Court
Board of Education
State Budget Appeal Board
Charles Penningroth
Board of Education Finance Committee
Penningroth
Price Of Bread Up Cent In Nation Defense Rise
The 11 cent bread rise, spreading nationwide with few local exceptions, is tied to the defense program. Cedar Rapids bakers cite factors including vitamin B-1 restoration in white flour and new vitamin flour usage as key causes. The change aims to raise the nation’s health standards as part of broader defense measures.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Federal Council On Nutrition
U S Unfreezes About 160 Million in Portuguese Assets
The U S treasury issued a general license to unfreeze roughly 160 million dollars in Portuguese assets in the United States. Portugal’s funds were frozen with other European nationals on June 14 under a presidential order. Roosevelt signaled further unfreezing for six European countries if assurances were given that funds would not aid the Axis. Finland remains excluded.
MENTIONED IN THIS ARTICLE
Washington
Treasury
United States
Roosevelt
Finland
East Asia peace talks hinge on Japan war stance
Across London Tokyo Melbourne Washington Shanghai and Singapore observers report mounting tension as Japan weighs war or peace in the Pacific. Britain warns peace hinges on Japan while Tokyo notes pressure could worsen the crisis. Australian leaders vow loyal service as U S signals possible break in commerce. Japanese spokesmen claim defensive mobilization in Manchukuo and alert on Vladivostok risk. Japan shifts Asama Maru away from San Francisco to avoid delays and cargo losses.
MENTIONED IN THIS ARTICLE
Far East
London
Japan
Pacific
Tokio
Kokumin
United States
Great Britain
East Asia
Melbourne
Australia
Robert G. Menzies
J. H. Curtin
Washington
George
Senate Foreign Relations Committee
Shanghai
Kunio Akiyama
Russia
Vladivostok
America
Akiyama
Manchukuo
Britain
Thailand
Indo-China
Saigon
Borneo
Singapore
Foreign Office
Koh Ishii
San Francisco
Petain backs Germany in radio plea to nation
Marshal Petain declared France would join Germany in the war against Russia and appealed to the United States for understanding. He acknowledged failures of his national revolution, urged reconciliation with Germany, and called for unity as Darlan gained supreme military powers in the Vichy regime and directed policy toward Africa.
MENTIONED IN THIS ARTICLE
VICHY
Marshal Petain
Germany
Jean Darlan
Russia
Petain
United States
France
Jean Achard
Darlan
Paris
Dakar
Africa
French Africa
Dave Jan
Maxime Weygand
Britain
Rail Unions Accept Mediator Services
CHICAGO AP Nineteen railroad labor organizations embracing about 1 200 000 workers Tuesday accepted the services of the national railway mediation board in their wage dispute with the nation s rail lines.
MENTIONED IN THIS ARTICLE
Chicago
National Railway Mediation Board
Also Mentioned on This Page
Harry Boyd
Linn County
Dave McCreery
Board of Control
Fiorello LaGuardia
LaGuardia
Cass Paul Shafer
Michigan
Lord Beaverbrook
U. S
State Department
Reds
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