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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Mar 07, 1948
Page
10
American enterprise develops Saudi Arabian oil since 1933 with $200 million spent and over 200 000 barrels daily from 44 wells in four fields. Producers hope to reach 500 000 barrels daily as forecasts cite reserves from 5 to 20 billion barrels. The effort aims to bring civilization benefits and global oil rewards.
In a Harvard Business Review piece Professor William Cunningham argues for a single regulatory body for all transport forms and for fair user charges. He notes railroads largely pay their way while other carriers rely on subsidies, urging fees for publicly built facilities used by trucks buses vessels and aircraft to ensure just treatment.
Nation’s Business notes the buyer’s market is returning with choosy customers seeking better goods and value. Mass production hinges on mass distribution and aggressive selling, while retailers, facing keener competition, must innovate in display and service. Independent stores still handle about 75 percent of retail trade.
The piece discusses the shrinking purchasing power of the American dollar, its global demand, and how exchange controls and black markets distort international trade. It cites Newsweek analysis, explains currency pegging versus unofficial rates, and notes widespread volatility in Austrian shillings, the French franc, and Chinese dollars, affecting exporters and economies worldwide.
Collier argues that heavy foreign loans and high exports in 1946 shield the global economy. The United States funded its own goods abroad with 7 billion dollars and had total loans and credits around 10.4 billion, supporting devastated nations and preserving the dollar’s dominance.
A persuasive piece praising the country press as essential to American life. It argues editors educate communities, uphold constitutional ideals, and safeguard independence, comparing their work to a Pullman wheel yet highlighting humanity and accountability. The essay laments limited recognition for local papers.
The Brookings Institution publishes an eight point study on the labor question advocating to ban industry wide bargaining under antitrust law, end employer free speech limits, remove closed shop discrimination, penalize organizational strikes, ban sympathetic and secondary strikes, mandate collective bargaining, separate conciliation from labor advocacy, and abolish the National Labor Relations Board in favor of a true judicial body. It argues the plan protects public health and worker rights without hindering unions or the right to work.
The piece cites Winston Churchill criticizing Britain's Labour government as failed socialist policies. It argues nationalizing coal and proposed electric sectors reduces production, raises discontent, and risks broader economic decline while funding socialism with foreign loans. It warns Americans against socialist ideas.
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