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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Dec 09, 1949
Page
4
The notice lists publication details for The Cincinnati SUN by the Greater Cincinnati Industrial Union Council. It notes weekly production with breaks the last week of July and the week after Labor Day, plus editor contact and subscription info.
Body and Soul Guy Gabrielson, chairman of the Republican National Committee, travels to reporters noting that in 1950 the party will train organizers patterned after labor unions. He says technique alone cannot drive politics. the soul is faith in the American people and human dignity.
William Montgomery, president of Acacia Mutual, warned a House Judiciary subcommittee that life insurance companies now holding over 55 billion dollars in securities could dominate the US economy if their reserve growth continues. He blamed high premiums and skipped policyholder dividends for swelling reserves, while spokesmen denied any danger.
District 25 Director USA objects to David Lawrence’s Times-Star column on the 1949 steel settlement. He cites insurer figures showing pension gains exceed wage losses, with data from a major American insurance company in Table I.
The text analyzes premium structures for LAS age 30 and 40 with annuities to 65, noting a $60 monthly noncontributory steel pension component plus $40 Social Security. It cites strike duration, wage figures, and net gains in annuity terms for age-30, -40, and -65 workers, praising pension security created by the settlement.
An annuity table shows the annual premium cost for an annuity paying $60 a month with no Social Security deduction by the employee. It notes total cost at age 65 for such a plan and the monthly payout.
The piece argues Adams' anti monopoly proposal echoes SEC success in breaking up utility holdings. It notes stockholders gain and the public benefits, citing Henry The Erns and Howard J. The nens on anti trust law, with emphasis on GE GM DuPont.
The Utility Act drew on the Supreme Court method used to dissolve the Tobacco trust in 1911 and has guided government action for nearly four decades.
The AMA plans a million dollar ad blitz starting January to oppose universal health. The piece links the effort to the A and P anti trust case where the chain faced civil action after a criminal conviction. It notes A and P’s counter ad spending and the Washington Star’s rejection of NFIB buying space.
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