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Newspaper
Cincinnati The Sun
Location
Cincinnati, Ohio, United States of America
Date
Jul 30, 1948
Page
5
CIO education unit releases a worker oriented booklet How Big Is Big Business explaining monopoly impact on everyday goods like milk and cigarettes. It shows 0.1 percent of corporations owning 52 percent of assets and argues for government action to check growth in monopoly power.
A Hamilton County PAC showing of MGM’s Crime Does Not Pay film You the People at a block workers meeting promotes voting to curb machine politics. The piece urges union members to vote to prevent NAM bosses from winning with nonvoters.
The Federal Reserve Board reports the average profit after taxes and other costs was 7.8 cents per dollar of sales in 1947, versus 6.7 percent in 1946.
A New York Times survey shows 297 manufacturing corporations earned 26 percent more in the first quarter of 1948 than in the same period of 1947.
The Labor Department shows vacancies in three of its five top jobs as of July 15. Assistant Secretary John T. Kmetz retired and returned to his United Mine Workers post. The secretary position is vacant due to Lewis B. Schwellenbach’s death. Undersecretary David A. Morse plans to quit August 2 to lead the International Labor Office.
Photographs capture Toni Gaines and Jean Nathey enjoying sunlit Florida beaches, posing for Federated pictures. Quiet shore moments highlight two smiling figures amid warm coastal scenery.
NLRB member James J. Reynolds Jr. indicated unions might face lawsuits under Taft-Hartley for losses alleged to be caused by strikes. The hint came during a hearing on the legality of CIU hiring halls on the Great Lakes. Miner Sargent, attorney for four Great Lakes shipping firms, proposed penalties for illegal strikes.
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