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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
May 09, 1948
Page
9
President Truman described free competitive enterprise as a system where individuals are free to choose their work, invest capital or labor, and be rewarded by productivity. Government should set rules and stay out of business, allowing players to act within those rules, or risk socialized enterprise eclipsing freedoms.
A Oregon Communist leaflet argues outlawing the party suppresses unions and liberties, contrasting with Russia where the party is legal yet labor rights and free speech are curtailed. The piece cites Eastman on forced labor and concentration-camp like conditions, concluding the super-state destroys liberty under any system.
A newspaper opinion argues against labor laws that target abuses by labor leaders. It warns of potential national strife but maintains that genuine worker rights remain intact. The piece criticizes a House committee measure for curbing labor leaders while preserving workers’ bargaining power and right to unionize.
A Washington Sun investigation accuses labor leaders of extortion, bribery, and terrorism in a campaign to control workers and industry. The articles portray a war between unions, damaging contracts and threatening national welfare, urging decisive government action.
Retail leaders from big chains to independents press for price relief amid rising wholesale costs. Profits vary by industry and wage hikes typically lift prices, with retailers adopting lower price tags, better quality sourcing, and shared overhead to protect shoppers. Market caution persists but optimism grows that price reductions may spread industry wide.
A shift in economic outlook emerges as government and independent economists warn of a possible downturn after a postwar surge. Previously confident forecasts of endless expansion face renewed caution and debate about a coming corrective downturn in overall production and demand.
The article analyzes consumer buying power, savings declines, and rising production across appliances, apparel, and industries. It notes potential price adjustments to match demand, argues against sharp wage-led price cuts, reviews profits in various sectors, and forecasts a possible industrial slump this fall or winter with reduced outputs ahead. It closes with a Einstein quote on the atomic bomb and security.
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