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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Feb 06, 1948
Page
10
The API explains oil life facts noting US consumption far exceeds world per person figures, a $4 billion expansion program, new oil reserves, and foreign resource development. It urges conservation such as keeping home oil heat at 68 degrees and avoiding speeding, predicting continued rising demand.
The record of basic American industry proves against controls and rationing as coal production for the week ending January 10 reached 13.7 million tons. The upward trend shows capacity to meet both domestic and abroad demand. The Interior Secretary suggested no coal allocations are needed, arguing free enterprise outproduces and outprices state-driven systems, unlike Britain under labor governance.
A mixed crossword puzzle listing horizontal clues with numbered items such as High card Exists Ordinary River in Pennsylvania and others. The vertical clues parallel the grid including Second U S President Mummed Whether from French To close noisily and more. Answer to Puzzle Number 38.
The editorial warns that inflation policy tasks could expand government power, eroding personal liberty in the United States as Europe faces unrest. It argues that defense of individual freedom surpasses any economic aim and condemns centralized control as a price too high for democratic societies. The piece urges vigilance against demagogic inflation schemes and stresses enduring faith in democratic government.
The piece contrasts Russian state stores with confined access and poor goods to American free market retail where competition, price, service, and advertising attract customers. It argues that Russia’s system forces the masses to the black market while American stores empower consumers as the king.
The article argues that steel shortages stem from changed living and working patterns. Mechanized farming, widespread machinery, motors, utilities, oil, and household devices drive unprecedented demand. Labor strikes and coal disruptions hinder supply, yet capacity remains at record peacetime levels amid a billion-dollar building program.
A survey shows 1947 profits for a broad group of department and specialty stores fell sharply from 1946, averaging about 3.5 percent of sales. Food retailers also report low profits, while overhead costs rise from wages rents and other expenses. The piece debunks the myth that every dollar spent yields vast profit for stores and notes the fierce competition and need to please customers to survive.
The Committee for Economic Development released a monograph on Taxes and the Budget. It argues for a long term fiscal policy to avert partisan politics and sustain prosperity in a free economy. It outlines four supreme budgetary goals and three policy alternatives, critiquing annual balance as unworkable.
The plan rejects shifting tax and spending programs as harmful to employment and price stability. It endorses a stabilizing budget with long term tax rates aimed at a $3 billion surplus at 96 percent employment, debt retirement from surpluses, and annual reviews to adjust rates only in emergencies. The approach avoids forecast reliance and seeks genuine fiscal program with predictability for individuals and businesses.
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