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Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Sep 03, 1948
Page
10
Newsweek outlines why Congress refused to reimpose price controls and argues wage rollbacks are essential. It notes profits are small in stores and most price increases track wage growth, with inflation also driven by government spending. The piece warns against black markets if either price or wage rollbacks occur.
Phelps Adams argues capitalism delivers more goods and freedom than communism, citing Notre Dame study showing 88 percent of income going to those earning under five thousand dollars over 30 years and high shares of world outputs. He notes material gains and political freedoms under capitalism, contrasts with regimentation under controlled systems, and cites Soviet-era athletes seeking sanctuary as a lesson for the U.S. public.
The public grew wary of spy scares and Moscow gold myths. Wartime admiration for Russia's defense faded into a belief that the great powers could coexist with frankness and shared resolve to rebuild the world.
Puzzle provides across and down clues for words including great fear laths Manila hemp custom number sharp cunning June bug apex joins and more with a final answer for puzzle number 18.
A congressional probe into spying portrays a widespread communist underground in the United States. Life notes the pattern is clear despite disputed details and exaggerations. Officials and aides across government are named, including a Roosevelt aide and a State Department official, as informants and coordinators reveal a web of Soviet espionage and idealist motives.
A senior Time editor testifies on Soviet loyalty within U.S. ranks. While many sympathizers talked at the wrong times, a core group remains loyal to the Soviet Union. The testimony questions how much secret information was obtained, suggesting only a modicum underlying the mass of material. The Loyalty Review Board and FBI have discharged or driven out several hundred federal workers, with more investigations planned and big headlines anticipated.
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