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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Nov 16, 1951
Page
8
An industry leader argues that government control of electric power would reduce service quality and raise costs. He warns unions already protest public systems, while noting publicly subsidized rates mask true costs in private utilities. The piece labels socialism a milder form of communism eroding freedoms through heavy taxation.
Economic Intelligence criticizes heavy government spending and rising taxes as harming growth and venture capital. It argues cuts of up to 10 billion dollars a year could be made without harming arms or aid to Europe, placing the tax burden on the low income by design.
The Freeman editorial examines government involvement in business using TVA as a prime example. It notes TVA shifted from a flood control and reclamation focus to building steam plants for competition and discusses wind energy proposals and rate regulation. It argues bureaucrats seek power and taxpayer funds, while private utilities would be hampered if government energy projects expand.
The Korea conflict is a costly, brutal war with heavy U S casualties and a heavy financial burden. Britain hesitates to widen the war citing Hong Kong and colonial interests while U S leadership debates pushing operations into Chinese territory. Front reports show Chinese losses rising, sparking hope that new lethal weapons from Nevada tests may aid ground troops.
The author contrasts American consumer freedom with totalitarian economies and cites Lithuania as an example where workers were forced to buy books. He argues American retailing shows the virtues of free enterprise while foreign systems ration and limit choice.
An editorial in the Christian Science Monitor notes a joint NYSE Brookings census of U.S. stockholders. It cites estimates from 5.5 million to 20 million and argues the investor class rivals Communist Party influence in Russia. It praises the free market where buying and selling stocks is determined by public market prices.
Food expert Amy Alden shares easy to follow recipes for a special Thanksgiving dinner in the November 18 issue of The American Weekly. The Baltimore Sunday American features the magazine as the nation's popular weekly.
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