Pensions Cost High In Era Of Security
America moves toward a new economic era called the age of security as Social Security taxes rise on New Year’s Day and Congress aims to expand pensions by spring. Unions push for broader private plans, while employers face higher costs as fourth-round wage settlements spill into pension demands.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
America
California
Secretary of Labor
Truman
Taft
Ohio
Senate
Aa Parison
House
Social Security Administration
Iown
United States Steel
Steel
Lnbor
Great Plains
United States
Mississippi Valley
China
Water Shortages Through History Highlight Ancient Pattern
AP News features writer Sherry Bowen outlines how droughts shape civilizations from New York to Africa. The piece traces drought links to dinosaur extinction, human evolution, ancient migrations, and imperial taxation during Nile floods, noting ancient floods and plagues as context for modern shortages.
MENTIONED IN THIS ARTICLE
Sherry Bowen
New York City
Africa
Asia
Europe
Egypt
Pension system growth reshapes economics beyond 1950
The text notes pensions soared eightfold in two years, with welfare, hospital funds, worker discounts, and broad “refuge” demands at bargaining tables. Economists split on inflation risk, arguing pensions may curb price rises if inflationary, yet reduce consumer spending if not. Long term, funds stay in trust for safe investment, influencing policy amid rising government programs.
New Plant Disease Finds Shared Across Crops
New disclosures at a AAAS meeting detail a fungus causing crazy top in corn. Sclerospora macrospora also harms wheat and barley after flooding, with tassel bushiness and extra small leaves. Virginia and Mississippi researchers report resistant tobacco varieties combat mosaic and root rot, yielding as normal. A soil-water test promisingly links cold resistance to oat winter-hardiness, aiding breeding.
MENTIONED IN THIS ARTICLE
New York
American Association For the Advancement of Science
Cern
Arnold J. Uilstrup
Agricultural Experiment Station
Lafayette, Inc
R. G. Henderson
Virginia Agricult Ara
Blacksburg
S. 5
Ivanol
Mississippi agricultural _experimentatation
State College
Miss
Economists Predict Prosperity for Business in 1950
Washington reports by Secretary Sawyer and others forecast a strong economy in 1950 with the first half likely the most prosperous. Price cuts announced across milk, soap, and television sets brighten the outlook for consumers, though some warn tempered optimism may be wise as profit margins shrink and expansion slows.
MENTIONED IN THIS ARTICLE
Washington
Secretary of Commerce
Sawyer
Truman
Commerce and Industry Association of
New York
American Marketing Association
Arno Hi. Johnson
J. Walter Thompson Co
American Statistical Association
Proctor & Gamble
Cincinnati
Lever Brothers
Midwinter Catalog Cuts and 1948 Saving Trends
Montgomery Ward and Sears catalogs advertise price cuts from 10 to 25 percent and 3 percent respectively. Philco announces television set reductions from 60 to 980 dollars. Milk distributors Borden and Sheffield cut prices by one cent in New York. The Fed reports 32 million saving units totaling 24 billion dollars, with 15.5 million moving into red. Also mentions motorist tips and Hawaii volcanic school lore.
MENTIONED IN THIS ARTICLE
Montgomery Ward
Sears, Roebuck & Co
Philco Corp
Borden
Sheffield
New York Area
Federal Reserve Board
Aly Khan Praises Daughter Yasmine As Rita Hayworth Baby
In Lausanne Prince Aly Khan called Princess Yasmine pretty like her mother Rita Hayworth. The newborn, five pounds eight ounces, spent first day crying and sleeping. Aly noted unclear nationality for the princess, saying both his father and he hold multiple nationalities. He mentioned the couple making progress post birth at Montevideo Clinic. The piece also mentions a seedless fig engineered by Californians using chemical hormones.
MENTIONED IN THIS ARTICLE
Rita — Aly
Rita Hayworth
Lausanne
Switzerland
Prince Aly Khan
Rita
Rebecca
Orson Welles
NEA
Telephotor
Aly Khan
Anoter
Aly
Montehoisi Clinic
Yasmine
Dre
Birh
Netaim
Also Mentioned on This Page
Becaten
Alliree
Senate Finance Committee
Sterling Shop
Sterling
Gay Gibson
Arden
Jonathan Logan
Peg Palmer
Dothan’s Fashion Center
Ahau
Minst Vila Sart
University of Hawaii
Southen Charm Shoes
Cohen
Just
Ladies & Children
Rayon
East Main St
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