Spending May Hit 70 Million in Foreign Aid
The article reports rising annual foreign military aid near 70 billion dollars, adding to 14.68 billion in cash and contract authority. It notes potential tax increases up to 10 billion yearly, an excess profits proposal, and debate over how to balance income and outlay, with Truman urging restraint on non-defense spending. It mentions Senate Finance committee actions and European Recovery program funding debates.
MENTIONED IN THIS ARTICLE
Byrd
Senate Finance Committee
O'Mahoney
D.-Wyo
George D.ga
Senate
Congress
Truman
House
Quake Touches Tocuyo as City Evacuated
A pair of tremors rocked Tocuyo Lara state Venezuela killing 16 people and wounding at least 70. Desolate streets sank during the quakes with the city of about 7 000 largely evacuated after Thursday's shock and the latest two quakes at 8 50 and 9 05 am destroying remaining buildings.
MENTIONED IN THIS ARTICLE
Tocuyo
Venezuela
Speed-up Tax Bill Okayed
A House committee closed a loophole allowing 835 percent credit on certain dividends between corporations and rejected a proposal to distribute assets of a foreign subsidiary. The panel has not acted on President Truman’s request for a 3 billion dollar increase in personal income taxes and other revenue measures. The measure tied to a wartime excise tax cut from before the Korean War is noted. Malaya produces more than a quarter of the world’s tin.
MENTIONED IN THIS ARTICLE
Truman
Air Corps and Navy Actions Across Korean Fronts
Artillery and air units near Waegwan and Taegu knocked out five communist tanks with three more downed and seven damaged amid 550 flights. Four Chinju sector villages burned by jellied gasoline raids. Seoul railroad yards hit in a double bombing and an Inchon harbor 10000 ton transport sunk by a B 26. Bao Dai may not return to Vietnam as MacArthur rumors swirl. Clark touts nine month to train a division and Navy to reactivate carriers including Monterey. UN aims explained on Korean war scope beyond the 38th parallel.
MENTIONED IN THIS ARTICLE
Waegwan
Taegu
Chinju
Seoul
Inchon Harbor
Navy
Monterey
Washington
Philadelphia Navy Base
38Th Parallel
United Nations
South
North Korea
United States
Race Riot at Beach in Quellen Sparks Patrols
A near riot at the town beach drew five officers and ten residents to guard streets after a swimming party planned by Negroes to challenge a desegregation suit filed in federal court in Richmond. Attorney Martin A. Martin helped organize the event, which he said aimed to test facility access.
MENTIONED IN THIS ARTICLE
Colonial Beach
Federal District Court
Richmond
Martin A. Martin
Explosions Reported Near Little Diomede Island Alaska
Mr and Mrs Frank Morgan of Anchorage report unexplained loud noises at sea during four month stay on Little Diomede Island in the Ber ing Strait near Russian Big Diomede. They noted several explosions heard from the nearby area during their visit.
MENTIONED IN THIS ARTICLE
Anchorage
Alaska
Big Diomede Island
Bering Strait
Frank Morgan
Little Diomede Island
Far East Island
Morgans
Little Diomede
Bridges Loses Citizenship Case Over Allegiance
The court ruled Bridges loyal to the Communists, not the United States, citing his antiwar stance and opposition to U S intervention in Korea. He faces five years in federal prison for falsely swearing he was not a Communist and was accused of aiding Communist interests through union activity.
MENTIONED IN THIS ARTICLE
United States of America
Bridges
U. S
Korea
James MacInnis
United States
MacInnis
Washington
Communist Party
Union
Local Draft Boards Given Wide Range of Discretion
Washington reports that draft boards control deferments within a broad policy framework. Eligible 19 to 25 year olds may delay service if their work is vital to health or safety, with boards evaluating each case and using job lists only as optional guides.
MENTIONED IN THIS ARTICLE
Washington
Selective Service
Commerce and Labor Department
Armed Services
Reserves
National Guard
Army
Congress
Publicity Chief Named for CIO in North Carolina
Paul Harding, formerly with the Greensboro Daily News, is appointed publicity and public relations director for the CIO in North Carolina. His office will be in the CIO state headquarters in Charlotte.
MENTIONED IN THIS ARTICLE
Charlotte
N. C
Paul Harding
Greensboro Daily News
CIO
North Carolina
The
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Hickenlooper
Clear Lake
R-Ia
State Department
Russia
McCarthy
R-Wis
Peking
New York
National Broadcasting Company
George Thomas Folster
Tokyo
V. M. Molotov
Mao Tze Tung
Folster
Forster
Molotov
Malaya
Around the
Formosa
MacArthur
Quemoy Island
France
Denmark
Indochina
Bao Dai
Vietnam
Paris
Foreign Office
Saigon
Vichy
Mark W. Clark
U. S. Army Field Forces
National Counter Intelligence Corps Association
Clark
Italy
Philadelphia
E. Washington St
PURE
Tender Western Club
CIN. Doz
Wilsons Sliced
Beach Quellen
R. O. T. C.—reserve Officers Training
Draft Board
Sam
Chevrolet
Resale
Fival CF i Salk
N. Main ST