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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Aug 07, 1947
Page
4
Executive board list and contact details for the Sun publication. Subscription rate set at $2.00 per year with mailing details and post office registration information included.
The letter criticizes The Cincinnati Enquirer for blaming unions while noting rising steel wages and profits. U S Steel reports first quarter profits of 157 million versus 88 million last year. Walter Reuther accuses GM of 21 percent return on invested capital and questions higher car costs.
Americans spent 55 billion on food and tobacco in 1946 up from 20 billion in 1936 and 13 billion in 1932. Medical care and death costs more than doubled from 3 billion in 1936 to about 64.2 billion in 1946. Foreign investments earned 520 million in 1946. Militia was deployed to break a Paterson New Jersey strike in 1828.
Washington reports a rising union boycott of NLRB services as three new appointees take interim posts under President Truman amid a backlog of around 5000 cases. Abe Murdock J Copeland Gray and Robert N Denham join to enforce the Taft Hartley act while unions weigh legal challenges and Reilly assesses evasion risks.
The Economist Federated Press reports President Truman midyear economic assessment noting prosperity but warns that prices and profits surge while wages lag. Three props support the boom yet wobble: inventory build up, export strength, and construction spend as reconstruction winds down.
Field Director Oscar S. Smith and Associate Director John P. Chapman resigned from the NLRB citing the Taft-Hartley slave labor act. Smith said the board’s case input is near vanishing, Chapman that changes eliminated the field division.
Between June 1946 and May 1947 the price per unit produced rose 25 percent while the labor cost per unit produced rose only 8 percent.
The piece explains mixed effective dates for Taft Hartley provisions. It notes check off and employee trust fund rules took effect June 23. Government employee strikes ban and injunction rights also began then. National Labor Relations Act amendments and new unfair labor practices become effective August 23 1947 plus 60 day notice before contract termination or modification.
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