Baruch Urges Price and Rent Freeze and Mobilization
Elder statesman Bernard Baruch called for all-out economic mobilization in the United States with a quick freeze on prices wages and rents. He urged an overall system of priorities and high taxes to curb profiteering and fund defense, warning that without price control an inflationary risk and military defeat loom.
MENTIONED IN THIS ARTICLE
Ashington
Bernard Baruch
United States
Truman
Baruch
America
Soviet Union
United Nations
W. Ice
Maybank Sees No Opposition to Emergency Controls
Senator Maybank of South Carolina said Congress will likely grant President Truman necessary emergency powers. He noted possible changes to the White House request, including controls over production, materials, consumer credit, and home mortgages. Some Republicans questioned the breadth of the proposal, with Maybank suggesting shifts in housing mortgages and commodity speculation terms.
MENTIONED IN THIS ARTICLE
Washington
Maybank
Congress
Truman
Senate Banking Committee
White House
Sen
Taft
Ohio
Sens
Capehart
R-Ind
Bricker
Federal Reserve Boar
Federal Reserve Board
Sen. Flanders
Reserve Board
Flanders
Kite House
Late Tommy Lee Estate Details Revealed in 1930s Report
Los Angeles July 26. By UP the late Tommy Lee left an estate valued at 311000000 and had only three suits among his personal effects. A public reduction listed items including 85 sports shirts 47 sweaters eight overcoats a swallowtail coat a dinner jacket 18 pairs of flannel pajamas 15 pairs of alk pajami and four berets. Lee owned many radio and television stations and faced an investigation.
MENTIONED IN THIS ARTICLE
Los Angeles
Tommy Lee
Lee
Truman Signs 1.2 Billion Aid to Allies
President Truman signed a 1.2225 billion military aid bill authorizing a second year of U S support to allied nations including Europe Greece Turkey Iran and parts of Asia and the Far East The act aims to deter aggression by building unified strength among free nations and speed up arming North Atlantic Treaty partners with new depots extended work shifts and faster decommissioning of World War II weapons.
MENTIONED IN THIS ARTICLE
Washington
Truman
America
Europe
White House
Korea
Free Nations
United States
Greece
Turkey
Iran
Asia
Far East
Con
Congress
Defense Deent
City Council Backs First Reading on Street Name Change
The City Council gave initial approval to an ordinance renaming a street between Ocean Park Ave and Seventh St to San Francisco Ave, signaling one of the steps before a final vote. The measure affects a segment currently known as New Street and aims to standardize addressing within the area.
MENTIONED IN THIS ARTICLE
Ocean Park Ave
Seventh St
San Francisco Ave
Truman Pushes $5 Billion Tax Increases For 1950
President Truman calls for a retroactive $5 billion tax hike to fund tough measures against communism. Congress shows initial skepticism over retroactivity and the quick timing, while panel leaders outline planned changes including higher individual and corporate rates and closing loopholes.
Tides and Temperatures at Long Beach Lifeguards
Sunrise at 6 00 p m and sunset at 7 58 p m. Moonrise 7 22 p m moonset 4 00 p m. Tides high at 9 53 a m 3 9 ft and 9 34 p m 6 9 ft. Low at 3 18 p m 1 3 ft and 2 21 p m 23 f. Water temp 63 surf calm.
MENTIONED IN THIS ARTICLE
U. S. Coast and Geodetic Survey
Long Beech
Solons Seek Marine View on War and Readiness
The House armed services committee asked for a Marine Corps view on U S preparedness against the Korean threat and possible Communist aggression. Gen Clifton B Cates testified as questions went to senior officials, amid bills lifting enlistment limits and expanding forces. The panel seeks details on defense spending since the last war and plans for future force levels and programs.
MENTIONED IN THIS ARTICLE
Washington
House Armed Services Committee
Marine Corps
Vinson
D.-Ga
Ciifton B. Cates
Cates
House
Truman
Senate
White House
Senate Action Ia
Senate Appropriations and
Armed Services Committees
Pentagon
Omar N
Joint Chiefs of Staff
Adm
Forrest Sherman
Aval Operations
Defense Department
Navy
2 Pal
How New Tax Plan Would Affect You
Tables prepared by congressional tax experts show how President Truman's new five million dollar tax proposal would impact individuals. The summaries outline potential changes to personal income, exemptions, and credits, highlighting who gains or pays more under the plan.
MENTIONED IN THIS ARTICLE
George
Finance Committee
Mr. Truman
Treasury
Washington
Truman
Congressio
British Brides Fly Back to America
Fifty GI brides and their 35 children left London for the United States, shortening their stay due to the Korean War. They were told they must return now or risk long delays for another charter. Their Aug. 3 return was moved up as U S charter planes are redirected to Korea duties.
MENTIONED IN THIS ARTICLE
London
United States
U. S
Paloma Oil Field Partition Declined in Kern County
Bakersfield July 26 Superior Court refused to partition the Paloma oil field in a suit to conserve about 166 900 000 in value. Pittabureh Oil and GesCo and Mrs W N Roper sought to dissolve the operating agreement among Kern County Land Co the Ohio Western Gulf and Texas Oil companies Los Angeles Athletic Club and others. Plaintiffs contend the operators are wasting and endangering the field's future.
MENTIONED IN THIS ARTICLE
Bakersfield
Pid Superior Court
Paloma
Pittabureh Oil
GesCo
W. N. Roper
Kern County Land Co
Ohio, Western Gulf and Texas
Los Angeles Athletic Club
Plaintite
Also Mentioned on This Page
H. H. Hix
W. H. Kimbro Jr
Ore
Atlanta
Nix
Kimbro
A. P
Mnorize
Joseph McCarthy
R.wis
State Department
Wayne Morte
R.-Ore
McCarthy
Edward G. Posniak
Posniak
Francis M. LE May
Capitol Hill
Pizgy
D.ga
Senate Finance Committee
Weatree
Californis
Ben Bernardino
AL Adan
Gabriel Cue
Mt. Win
Lancramento
Charleston
Veras
Springfield
Medford
Cleveland
Datralt Mapeermeene
Winnemucca
al Dalal
New York
Orth Pistia
Ras Alabkan
Orth
Ana
Dallas
Texas
Solons
Paloma Oil Field
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