New England Obstinacy on Public Power Debate
An excerpted Wall Street Journal piece critiques New England’s stance on public power. It notes active advocacy for public ownership nationwide while suggesting some private advocates support the idea. Gov. Chester Bowles is cited praising New England yet warning against federal power authority.
MENTIONED IN THIS ARTICLE
Ial
Street Journal
New England
United States
Chester Bowles
Connecticut
East
Bowles
New
Wall Street Journal
Economic Highlights on Pensions as a Long Term Issue
The piece argues old age pensions present the nation's most complex domestic challenge. Unions like coal and auto favor $100 monthly retirement schemes with social security. Critics call pensions an ineffective fix amid high labor turnover and seasonal workforce size shifts.
MENTIONED IN THIS ARTICLE
Coal
Debate on universal old age pensions and social security
The article argues that limiting coverage to union labor is unsatisfactory and supports universal government pensions for all aged, regardless of union status. It notes current social security benefits average under $30 monthly, the difficulty of increasing to $100, and state funding hurdles. Projected rising elderly population could push pensions to 25 percent of payroll, making universal pensions impractical.
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