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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Labor World
Location
Alton, Illinois, United States of America
Date
Sep 17, 1948
Page
2
A reprinted critique mocks Westbrook Pegler and Fred Othman for condemning unions and bankers while noting alleged crimes in the banking sector. The piece wryly suggests fleeing unionism and returning to bank work, arguing respectability pays in both fields.
A government report shows manufacturing firms earned 2.0 billion dollars in net income after taxes in the first quarter of 1968, up 200 million from a year earlier despite a 1.1 billion drop in sales. Costs and expenses fell, boosting profits for large firms while smaller companies saw declines. Total assets reached about 1.006 trillion, with inventories up 1.2 billion and working capital at a record 88.2 billion.
A Philadelphia survey highlights housing inequities as Congress blocks low cost housing legislation. It argues private builders will supply only 12 percent of homes for 66 percent of families with incomes under 4000, urging voters to act in November.
Prominent figures including Wesley Hardenberg and John Jaeger urge OPA repeal or restoration of price controls. Remarks condemn or support regulation, with forecasts on meat prices rents and car costs. Polls show majority favor restoring price controls as Chicago wholesalers back controls.
The AFL says the special session of Congress failed to curb inflation. Barron's notes near-term business effects from the session while the Bureau of Labor Statistics reports a record rise in consumer prices and continued inflation. The text urges labor to mobilize votes for Congressmen who will back effective inflation controls.
The article argues that a free press relies on advertising revenue and private enterprise, not government support. It asserts editorial independence depends on private funding and warns socialism and communism threaten liberty by state ownership of industry including newspapers. It condemns government control and urges opposition to socialized industry in the United States.
The United Nations is urged to curb Soviet threats as Russia claims the U S is not endangered by any nation and should halt bomb making. The Soviet government is warned to stop its hostile stance or risk atomic retaliation, with Stalin and Molotov labeled as leading a dangerous gang challenging world peace.
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