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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 28, 1950
Page
8
Railway Age notes railroads plowed over 1.8 billion dollars yearly into equipment and materials from 1946 to 1949, funded by reserves, small profits, equipment trusts, and insurers. Net earnings lag far behind, failing to approach a six percent target, prompting critique of financial support for vital freight service.
New York Times reports merchants must cut operating costs as first quarter results show sales lagging behind last year and profits shrinking. Analysts warn price hikes may backfire by reducing trade volume, urging better efficiency and sales effort to curb rising costs.
Drucker in Harper's argues government attacks on business overlook that unions wield greater concentration of power than big firms. He notes six unions hold about one third of members, while six largest manufacturers employ far fewer. He cites soft coal as union monopoly and suggests union power cools anti big business campaigns.
The piece argues for a Marshall plan of ideas to rally Western nations against Soviet propaganda. It cites Senator Benton and U.S. fears of Kremlin influence, praising the need to explain American aims while highlighting communist gains in Italy and France. It warns of propaganda reliant on peace petitions and atomic fear to paint the U.S. as aggressor, urging a persuasive countercampaign.
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