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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Mar 02, 1951
Page
4
The text extols mobilization driving changes in living standards, predicting tighter budgets and scarce commodities. It praises mass production and mass distribution as industrial miracles of free enterprise, noting diverse retail systems from one-man stores to national chains that supply both farms and factories and serve the public across America.
The administration urges heavy tax increases for individuals corporations and excise taxes on autos and appliances while offering no plan to trim nonessential government costs. The budget aims to raise spending and a large military budget, risking higher living costs and strain on the public.
A Vienna AP dispatch notes coal shortages hobbling Eastern Europe with curbed transport and strict consumer rationing. It cites Czechoslovakia underperforming 1937 output, obsolete mines, low pay, and harsh conditions, contrasting with the United States where production is ample and miners enjoy high wages.
A Wall Street Journal piece describes a friend who bought a new furnace he did not need now due to fear of government rules. It argues that fear prompts extra consumer demand and that Washington's policies worsen inflation and shortages. The editorial urges government restraint and trust to restore national unity.
The New York Journal-American shows how inflation and taxes raise everyday costs from bread to cars. It argues consumer boycotts and retailer strikes won’t curb inflation, as retailers face higher costs and small profits, while government waste drives price rises. It urges consumers to recognize fiscal policy as the main inflation driver.
In 1792 Washington's era the government sold stocks to fund the war and traders formed a market under a buttonwood tree near the future site of the New York Stock Exchange. Today exchanges list thousands of securities and function as a platform where buyers and sellers meet to set values and transact. Owners and would be owners total about 15 million Americans with modest means.
U S News & World Report notes growing congressional scrutiny over low front line manpower. Russian forces use far fewer support troops per combat soldier, while U S forces have 26 support troops per 10 in combat. Differences include logistics, equipment maintenance, care, and hospital survival rates. The piece predicts Congress may pressure generals to field more front line troops from existing and future manpower, amid broader draft and reserve issues.
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