Retail profit control clash over defense act repeal
A group of Senators proposed repealing the Defense Production Act amendment that blocks cost absorption at retail and allows price controls. They argue profit controls would force retailers to absorb producer increases, risking store viability and arguing inflation is not caused by high prices but by broader inflationary forces. Retailers contend historic markups reflect experience and necessary profits, not profiteering.
MENTIONED IN THIS ARTICLE
Office of Price Stabilization
Guess
Fiat
British election outlook versus Attlee and Churchill
The piece argues socialism shows setbacks where voters retain power, citing Australia and New Zealand. It forecasts a likely Conservative victory in Britain, predicting a Commons majority around 50 seats or more. Betting odds favor the Conservatives as public discontent with socialist policies grows.
MENTIONED IN THIS ARTICLE
Australia
New Zealand
Clement Attlee
Labor
Doughty
Winston Churchill
Commons
Britain faces high taxes and socialist influence warns pundits
The piece argues taxes are rising and living costs strain both workers and the middle class while socialist policies persist. It notes unrest in coal and other industries despite Labor promises, a fragile dollar situation, and divisions within the Labor government. A Conservative victory could have global impact by curbing socialism and strengthening anti-communist blocs.
MENTIONED IN THIS ARTICLE
William Henry Chamberlin
Wall Street Journal
Attlee
Also Mentioned on This Page
Denton Journal
Market Street
Denton
Maryland
Caroline County
Eddie Arnold
WBAL
Joe Marsh
Happy Wilson
United States Brewers Foundation
Heins Famous
Heimz
Oz Ayear
Sauer
Tweinz
Virginia Lee Bakery
Louisiana
aCara
Asco
Snappy Valentine Gee
U.S
Golder
Seabrook Farms
Jersey Fordhook
Ideal Pure Concen
Orange Juige Farmdale Baby
Long Island
Ideal Coffee
Princess Margarine
Philco
Baltimore 3
Easton
Maryyland
Denton Home Supply
Federalsburg
Preston
Carl R. Deen
J. O. Wright, Sr
Greensboro
Mrs. Effa Plummer
Hillsboro
Miss Pearl Eveland
The
Denton National Bank
Member
Federal Reserve System
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