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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Oct 27, 1947
Page
2
The Federal Reserve Bulletin notes inflation may raise unemployment if pressures stay high but also sees wage pressures easing if living costs stabilize. The labor market remains firm with selective hiring, modest planned expansions, and a drop in voluntary quits compared with prior Julys.
In Lakehurst New Jersey the memorial cathedral of the air, built by the New Jersey American Legion, was turned over to the Navy. The dedication honors aviation heroes killed in service and provides a place where people of all faiths may worship. Vice Admiral William M. Fechteler accepted for the Navy.
Washington October 27 The Navy reports progress in aerial propulsion noting the Skystreak jet holds the world speed record of 650.6 mph and the Truculent Turtle flew 11 236 miles nonstop from Australia to Ohio Neither record has been broken by other nations carriers push ahead with jet aircraft and new designs including the F6U-1 Phantom and F2H-1 Banshee while the Skystreak remains at Mojave Air?field awaiting further testing
In New Delhi on October 27 Lord Mountbatten governor general of India was treated for a torn ligament in his right arm believed to result from an accident while evaluating carrier and bomber planes. The incident occurred as he tested readiness to project air strikes and support ships into position for potential battles.
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