Profits Soar Yet Markets Waver in Tax Era Analysis
The General Motors first quarter shows profits topping half a billion dollars, a record for any corporation, while stock prices slip from recent highs. The piece questions whether investors have already priced in higher profits and how long tax-cut benefits will last, amid wage talks and rising government spending. It warns that rising profits may be offset by wage costs and debt, fueling inflation and potential recession. The column links strong profits to broader economic risks. The noted author laments mixed signals from markets and policy.
MENTIONED IN THIS ARTICLE
General Motors
La.c
Bomb Found at Home in Lake Lotowana Yard
Dynamite sticks with a fizzled fuse were found in the driveway of a private residence near Lake Lotowana Kansas City. The house is being sold to an unidentified Negro family. Sheriff’s patrol said one end of the fuse was blackened, implying it had been lit and extinguished by rain. The incident followed weeks of threats against Mrs Helen Hill tied to the sale.
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Kansas City UK
Lake Lotawana
Harry Nesbitt
Jackson County
Helen Hill
William Hill
Cable Link Planned for February China Sea Route
United Kingdom based Cable and Wireless announces a February start for a China Sea cable link between Hong Kong and Jesselton. Ships will lay about 2000 nautical miles of cable, overseen by chairman Sir John MacPherson, with Jesselton Quisysan Barnes and Sing-1 as key figures. The project aims to extend cable service to the region.
MENTIONED IN THIS ARTICLE
China Sea
London
Methodist Integration Plan Voted
The Methodist Church approved a voluntary four year plan to remove racial barriers by merging central jurisdiction conferences with geographically matched white conferences. The move affects about 375000 Negro members, constituting roughly 3.75 percent of church membership, and was voted by show of hands with overwhelming approval but no exact tally. Critics call it a Southern victory and expect stronger action.
MENTIONED IN THIS ARTICLE
Phtsburgh UK
Methodist Church
General Conference
Central Jurisdiction
Reds try to decorate U S trains in Potsdam clash
East German rail officials attempted to place communist flags on two American Army trains in Potsdam after May Day style celebrations. American commanders refused and after hours of argument the trains continued to West Germany without flags on their regular nightly runs from West Berlin.
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Berlin
UPI
Potsdam
East Germany
West Germany
Frankfurt
Bremerhaven
West Berlin
Berlina
Lady Astor Reported Weakened By Illness
Bourne England report indicates Lady Astor the first woman in the British Commons is critically ill. Her son said Friday she is slowly failing and approaching age 65 on May 19. A family servant cited Thursday night as she sinks fast.
MENTIONED IN THIS ARTICLE
Bourne
England
UPI
Lady Astor
House of Commons
Lord Astor
Nancy Witcher Lanshorné
Greenwood
A Daughter for Meg Prom The Iren Princess Margaret
Royal baby sweepstakes adds a daughter for Princess Margaret and Lord Snowdon at Kensington Palace. The infant, weighing 6 pounds 2 ounces, joins Britain’s line of succession as the queen visits and confirms health updates.
MENTIONED IN THIS ARTICLE
Margaret Friday
Queen Elizabeth
Lord Snowdon
Anthony Armstrong Jones
London
Kensington Palace
Margaret
Britain
Welcome Sidney Poitier Returns Home to Rousing Nassau Welcome
Sidney Poitier, son of a Nassau tomato picker, touched down to a tumultuous homecoming. Thousands of Bahamians, Calypso bands, and a flag-decked motorcade lined the runways as he arrived with wife Tusnita and one year old daughter Gina after winning best actor.
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Sidney Poitier
Nassau
Bahamas
Filmland
Sidney
Tusnita
Gina
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