30 Aug 1962
Page 1
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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 30, 1962
Page
1
The LAC surveys recession fears for late 1962 or 1963 while noting unemployment has remained under 7 percent in postwar recessions. It traces changes since 1929 33, including shifts from production jobs to other sectors, farm employment declines, and government spending on social programs as potential stabilizers.
A Senate judiciary subcommittee voted 2-1 to recommend denying Thurgood Marshall's nomination as a federal circuit court judge. Subcommittee chair Olin Johnston and John L. McClellan opposed confirmation, while Roman Hruska supported it. Marshall’s nomination was first made by Kennedy last September 23 and resubmitted January 15 after adjournment.
The passage argues that agriculture and industry drive employment, noting 12 percent of the workforce and a fifth of national output. It cautions that big government spending did not lift the 1930s depression and warns the New Frontier should not emulate the New Deal, suggesting a cautious approach to fiscal stimulus.
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