Escalator wage talks warn of national bankruptcy risk
Industry members of the wage stabilization board warn escalating prices and wage raises threaten national bankruptcy as living costs hit a new high. CIO UAW President Reuther and Safeway Stores push for price boosts while defending profit margins under the defense production act. Safeway seeks 40 Seattle area boosts, with plans to extend to 2,000 stores nationwide next week.
MENTIONED IN THIS ARTICLE
Washington
Wage Stabilization Board
Safeway Stores, Inc
Detroit
Walter P. Reuther
CIO
United Auto Workers
Congress
Uaw-Cio
Safeway
Office
Seattle
Wash
Ridgway Seeks Return To Armistice Talks In Korea
General Ridgway sent a blistering message to top Korean Red commanders urging a return to armistice talks, while denying as false a Reds’ charge that a UN warplane attacked Kaesong. The response keeps a narrow door open for resumed negotiations.
MENTIONED IN THIS ARTICLE
Tokyo
Matthew B. Ridgway
Korea
Kaesong
United Nations
Reds
Red
Ridgway
Kim Il Sung
Peng Teh- Huai
Red Forces
Armed Forces Radio
Panmunjom
Adm. C. Turner Joy
Munsan
Hungarian Reds Refuse U S Treaty Modification
Budapest Hungary UP The Hungarian Communist government rejected a United States demand to modify the Hungarian American friendship trade and consular agreement. The pact was presumed terminated after the state department in Washington urged revision on July 5 warning the pact would end if not agreed.
MENTIONED IN THIS ARTICLE
Budapest
Hungary
United States
State Department
Washington
Rashin Raid Marks Second War Attack On Port
U S Eighth Army reports B 29s bombed Rashin in clear weather for a second time in the Korean war. Over 300 tons dropped on marshalling yards and railroad facilities, with paled anti aircraft fire. MacArthur had urged continued bombing, denied by Washington as near the Soviet border.
MENTIONED IN THIS ARTICLE
U. S. Eighth Army
Korea
Rashin
MacArthur
Najin
Far East
Tokyo
Japan
Okinawa
Vladivostok
Senate
Supreme Allied Commander
Washington
Defense
Marshall
Manchuria
United Nations
U. S. Navy
Sinuiju
Yalu River
Tax Increase Bill Trimmed in Senate Finance Action
Washington finance committee trimmed about 800 million from the House bill bringing the total tax hike to roughly 2.4 billion a year for individuals while corporate levies are set to raise about 2.855 billion and excise taxes remain to be decided. The panel backed an 11 percent on current tax or eight percent on taxable income options with a November 1 effective date and a December 31, 1953 expiration. They rejected a 20 percent withholding proposal and a 28.125 percent capital gains boost, signaling the Senate version will stay well below the House total.
MENTIONED IN THIS ARTICLE
Washington
Senate Finance Committee
House
George
D-Ga
Finance Committee
Senate
Senate Approves Voice Fund Amid Budget Battle
The Senate approved a 1.045 billion dollar money bill including 85 million for the Voice of America and related activities after Republicans restored 22 million cut from overseas information funding. The vote was 52 to 16 on a roll call, with McCarran opposing and Mundt leading the successful initiative to match the House’s 85 million.
MENTIONED IN THIS ARTICLE
Washinon
Senate
State Department
Voice of America
Appropriations Committee
Overseas Information Agency
Mundt
R-S. D
House
Voice
McCarran
D-Nev
Reporter
Foreign Aid Bill Ready for Senate
Washington reports a 7.535 billion foreign aid bill is set for Senate debate next week after committee approval. Military aid totals 6.013 billion and economic aid 1.522 billion, with no St Lawrence seaway construction authority attached. The bill is near the House figure and below the presidential request.
MENTIONED IN THIS ARTICLE
Washington
Senate
Senate Foreign Relations and Armed Services
St. Lawrence Seaway
Truman
House
Marshall Says Korea Proves Insincerity
U S Defense Secretary George C. Marshall, arriving to open the 72nd Canadian National Exhibition, declares Korea proves the futility of expecting sincerity in the Soviet peace offensive. He notes this as the first American chosen for the honor.
MENTIONED IN THIS ARTICLE
Toronto
U. S
George C. Marshall
Korea
Russia
Marshall
Memory Returns When He Sees Wife
Joseph E Miller, a 28 year old printing company executive, wandered for over three weeks with memory loss before reuniting with his wife Mary in a hospital lobby in Chicago. Doctors said the memory return clarified identity but not full details of his travels while he was away from home.
MENTIONED IN THIS ARTICLE
Chicago
U.P
Joseph E. Miller
St. Anne’s Hospital
Mary
Miller
Mid-West
West
John T. O'Malley
Police
Denver
H. P. Dorsey
Wisconsin Sees Cloudy Weekend Forecast Across State
After several days of pleasant weather Wisconsin faces a damp weekend with mostly cloudy skies and scattered showers tonight. Friday was generally fair with Prairie du Chien reporting a high near 80 while Green Bay logged a 45 degree low. Kenosha downtown reached 75 by 11 a.m.
MENTIONED IN THIS ARTICLE
Wisconsin
Prairie du Chien
Green Bay
Kenosha
Senate orders full probe into American Lithoford loan
The Senate investigation subcommittee ordered a full inquiry into Reconstruction Finance Corporation loans to the American Lithoford corporation of St Louis and any link to William M Boyle Jr. Senator Hoey announced hearings will begin early September. Nixon may be called as witness along with government officials. The case has drawn sharp criticism from Capehart and Bricker who denounced Boyle and Truman as tied to a corrupt political machine.
MENTIONED IN THIS ARTICLE
Washington
Senate
Reconstruction Finance Corporation
American Lithoford Corporation of
St. Louis
William M. Boyle, Jr
Hoeye
Nixon
Calif
Boyle
Hoey
Congress
Capehart
Rand
Bricker
Ohio
Truman
Retired General Plunges to Death in Rome
Geoffrey P. Baldwin 60, a retired U S brigadier general and CARE director general, died after falling or jumping from the sixth floor of CARE's Via Luculla building in Rome. A Battle Creek, Michigan native and West Point graduate, he held the Distinguished Service Cross, Silver Star and Victory Medal. Pope Pius XII decorated him three years ago.
MENTIONED IN THIS ARTICLE
Rome
Geoffrey P. Baldwin
U. S
Baldwin
Battle Creek
Mich
CARE
Europe
Via Luculla Palace
U. S. Military Academy
West Point
Pius XII
Noted International Jurist Dies in Cuba
Havana reports the death of Dr Antonio Sanchez de Bustamante at 86 from a heart ailment. A former world court member, he authored the Bustamante Code of private international law endorsed by the Sixth Pan American Congress and adopted by 21 nations in the Americas.
MENTIONED IN THIS ARTICLE
Havana
Cuba
Antonio Sanchez de Bustamante
World Court
the Hague
Chicago Hotel Fire Drives Out 150 Guests
A grease chute fire in a restaurant on the first floor of the Central Plaza hotel forced more than 150 guests to flee their rooms early today. The blaze caused about $20,000 in damage, mostly to the restaurant area. the hotel itself sustained only minor damage and there were no injuries.
MENTIONED IN THIS ARTICLE
Chicago
WUP
Central Plaza Hotel
Wisconsin farm bureau hosts homemaking conference week
Madison event runs August 29 to 31 with Wisconsin women of the farm bureau leading sessions on homemaking health and farm bureau work. Eight German high school students spending a year in Wisconsin under bureau sponsorship will be introduced at the conference.
MENTIONED IN THIS ARTICLE
Madison
Wis
U.P
Wisconsin Farm Bureau
Wisconsin
Farm Bureau
Telegram Rates to Rise as FCC Approves New Minimums
The FCC approves changes that raise telegram minimums from 10 to 15 words and expand charges for money orders and night letters. Press dispatch rates will shift to a day rate of one half and night rate of one quarter telegram rates, drawing protests from press associations.
MENTIONED IN THIS ARTICLE
Federal Communications Commission
Western Union Telegraph Company
FCC
Western Union
American Newspaper Publishers Association
Commission
Also Mentioned on This Page
Siberia
WSB
Reuther Also Worked
Henry Smith
Lac Court Oreilles
Duluth, Minn
Edward
Donald
Robert
Doris
Selma
Billy
Boulder
Colo
George Collister
Bacile A. Doyle
William J. Musgrove
Ace Green
United Air Lines
Oakland
Justice Department
Commerce Department
Federal Judiciary
Rfc-Boyle
Metz
France
Basel
Switzerland
Germany
Paris
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