Arabian trans-Arabian pipeline set for 1949 completion
The Texaco Star reports a Mediterranean term used for the long heralded trans-Arabian pipeline has been chosen, a major step toward easing the worldwide oil shortage. The 1,030 mile line will initially carry 300,000 barrels per day to Europe, expanding with production, relieving U S demands and showcasing American engineering and industrial statesmanship. Saudi Arabian oil will serve the world, strengthening the American oil industry's international influence.
MENTIONED IN THIS ARTICLE
The
Texaco Star
United States
Europe
Jails Can Hold Both Industrial or Labor Profiteers
The CIO's Philip Murray calls for jail terms for profiteers arguing big business profits drive inflation. Evidence from Wall Street Journal reports shows labor underutilization in housing, plumbing, bricklaying and tile setting, suggesting some labor groups also profiteer by cutting output.
MENTIONED IN THIS ARTICLE
Philip Murray
CIO
Murray
Wall Street Journal
Boston
San Francisco
Cleveland
Price Facts on Prices and Costs From Congressional Testimony
Robert A. Seidel of W. T. Grant Co. described the price situation before a Congressional subcommittee. He argued that not all prices are out of line, with some up some down or unchanged, and that labor costs bottlenecks and government expenses shape price levels. Retailers have reduced margins and consumer dollars share more to produce the mix. He stressed current costs and conditions drive prices, not scapegoated causes.
MENTIONED IN THIS ARTICLE
Robert A. Seidel
W. T. Grant Company
Seidel
Cradle to the Grave and the Social Security Vision
A critical critique of social security as a government overreach. The British National Insurance Act promises cradle to grave coverage including unemployment, sickness, maternity, pensions, and child allowances, but proponents warn it risks a planned economy and state dictatorship. The piece cautions the United States to resist socialistic dictates and preserve American freedoms.
MENTIONED IN THIS ARTICLE
British Information Services
Britain
National Insurance Act
England
United States
Crossword Puzzle Answer to Puzzle Number 26
The puzzle provides horizontal and vertical clues covering signs of events, numbers, emotions, animal terms, time references, and common words. It asks for solutions across 14 horizontal and 16 vertical entries, ending with the answer to Puzzle Number 26.
MENTIONED IN THIS ARTICLE
U. S
City of
Chaldea
Economic Highlights on High Cost of Living
The piece surveys price hearings across U S cities, noting mixed testimony from consumers, labor, and traders about inflation. It describes soaring food costs driven by farm overhead, high feed prices, and anticipated 1948 rises, while discussing grain market margins, foreign demand, and the inflationary effect of government announcements.
MENTIONED IN THIS ARTICLE
United States
Department of Agriculture
Truman
U. S
Cost of living debate tests wages codes and taxes
Jabor cites high industrial profits as inflationary while industry points to record wages. Two reporters from a financial paper discuss building costs and say removing union limits could save twenty percent of the housing dollar. They blame local codes for wasteful requirements and note retailers face high wages rents taxes. Tax increases, not food, drive living costs, with surveys showing large rises in taxes and living expenses. Public demand for rationing meets cold reception from officials as prices are debated.
MENTIONED IN THIS ARTICLE
Jabor
Financial
INS
OPA
University of Washington Research Bureau
Truman
Also Mentioned on This Page
Denton Journal
Melvin & Johnson
Benjamin F. Johnson
Mary Melvin
Market Street
Denton
Maryland
Caroline County
Puzeie
Comfort
Lfice
Wes
Carville Fleetwood Hardware Co
Strout
Oo. E. Roberts
E. A. Strout Realty Agency, Inc
Joe Marsh
Prissy
Sis Martin
the Clarion
Prissy Hoskins
Clarion
United States Brewers Foundation
Denton National Bank
Member
Federal Reserve System
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