The Social Security Racket Critique by John T. Flynn
In The American Way Flynn denounces the Social Security system as a government racket. He argues funds totaling 43 billion dollars are invested in federal bonds and spent, calling for end to new accumulations and a congressional commission to reform or replace the program to save workers and employers hundreds of millions annually.
MENTIONED IN THIS ARTICLE
United St
Alwo
Sam
Ates
Uncle Sam
Social Security Board
Eet
Uncle Sam Private Insurance Company
Congress
Congressional Commission
New York Central to be Rebuilt Over a Decade
President Alfred Perlman announced at the Albany annual meeting that the New York Central Railway will undergo a ten year rebuilding program. The three billion dollar project targets obsolete, nonunified facilities and a significant reduction of passenger services. Major stations including Grand Central Terminal Buffalo and Cleveland are cited as costly to operate versus ticket revenue.
MENTIONED IN THIS ARTICLE
United Press
Albany
New York
New York Central Railway
Alfred Perlman
the Central
Perlman
Central
Grand Central Terminal
Buffalo
Cleveland
Redwood Firm Hammond to Be Sold to Georgia Pacific
Hammond Lumber Company of Eureka California the nation’s largest redwood producer is expected to be sold to Georgia Pacific Corporation of Portland Oregon for 310 dollars a share. Hammond has 256000 shares outstanding.
MENTIONED IN THIS ARTICLE
San Francisco
Hammond Lumber Company
Eureka
California
Georgia Pacific Corporation
Portland Oregon
Hammond
Mainichi Calls Cotton Import Threat a Bogeyman
The Mainichi argues the American cotton industry uses Japanese textile imports as a bogeyman to explain a slump. It notes Japanese imports remain under one percent of U.S. domestic cotton textile production despite a rise last year.
MENTIONED IN THIS ARTICLE
Tokyo
Mainichi
Gulf Oil Wins 40 Year Bolivian Exploration Concession
Bolivian authorities grant Gulf Oil a four million acre exploration concession for 40 years. Gulf must construct a 250 mile pipeline from Bolivian fields to Chile's Arica port, positioning Bolivia as a leading South American oil exporter.
MENTIONED IN THIS ARTICLE
la Paz
Bolivia
Gulf Oil Company
South America
Gulf
Arica
Cigar Institute Reports Rise In First Quarter Purchases
The Cigar Institute says smokers bought three percent more cigars in the first quarter, totaling 42 300,000 cigars, up from last year amid steady demand. Former United States Steel chairman Benjamin Fairless told about 1,200 executives that inflation has created a three billion dollar headache for the industry. He warned depreciation allowances under prewar tax law fail to cover costs, urging Congress to intervene to curb further price hikes and inflation.
MENTIONED IN THIS ARTICLE
New York
The
Cigar Institute
Benjamin Fairless
United States Steel
Fairless
Congress
Locomotive Sets Record Pace on Buffalo to Rochester Run
In 1856 a Central Railroad locomotive covered 70 miles from Buffalo to Rochester in one hour 37 minutes, averaging about 45 mph. The Albany Morning Times called it fast traveling and quipped that better travelers should mount a bomb-shell to be fired from a mortar.
MENTIONED IN THIS ARTICLE
Albany, N. Y
Central
Refugees in Fear Over Deportation and Infiltration
Thousands of Russian refugees fear deportation and Soviet informants in the United States, described by a refugee who admitted a false identity. Rodion Berezov says he confessed his nationality, while a former Soviet major notes deportation actions after disclosing their origins. Both entered as Poles.
MENTIONED IN THIS ARTICLE
United Press
United States
Citadel of Freedom
Rodion Berezov
Dry beer remains dry after Baltic Sea burial
A Tuborg brewery study finds beer bottles that spent three years at the bottom of the Baltic Sea stayed dry. Divers salvaged the cargo from a sunken ship and two cases were consumed by the divers before scientists could test all bottles.
MENTIONED IN THIS ARTICLE
Tuborg
Denmark
Baltic Sea
Joys Celebrate 60th Wedding Anniversary in Boston
An 84 year old man William C. Joy and his 89 year old wife marked their 60th wedding anniversary in Boston. Joy shared a lighthearted method for handling anger over the years by going to the cellar to chop wood, a practice he says helped maintain happiness in their marriage.
MENTIONED IN THIS ARTICLE
Boston
William C. Joy
A M A News on Medical Directory and Korea Policy
The 19th edition of the American Medical Association directory lists 3 122 pages with data on 240 638 physicians including 218 061 in the United States The article notes shifts in training and practice patterns and highlights foreign training and internships There is critique of U S foreign policy linking Korea truce volatility and calls for a policy revamp before further foreign aid.
MENTIONED IN THIS ARTICLE
United Prp
Acan
Tno
Philip Mohr
Oferican Medical Associa
United States
Canada
Alaska
Fluoridation Debate Splits Buncombe County Water Fans
The Franklin Press and Highlands Maconian weigh in on Buncombe County votes over public water fluoridation. The piece argues about whether fluoride should be added to all water for households and industry, suggesting cod liver oil might be a safer alternative and questioning wasteful use.
MENTIONED IN THIS ARTICLE
Buncombe County
Ublic
Franklin
N. C
Highlands Maconian
Government and agricultural policy highlights in late May
The House appropriations committee pressed to limit Rural Electrification Administration cooperatives and cut a Bureau of Reclamation request by about 25 million dollars. A tobacco controls bill moves to the Senate, with penalties for overplanting. President Eisenhower halts new leases on federally owned farmland for surplus crops and seeks 1.5 million for a Mediterranean fruit fly campaign in Florida. Frank N. McCartney named manager of the Federal Crop Insurance Corporation beginning June first, replacing ill Charles S. Laidlaw. Soil Conservation Service reports wind erosion damage in the Great Plains at 9.3 million acres, up 2 million in April, with 13 million acres at risk in the Southern Great Plains and Southwest regions.
MENTIONED IN THIS ARTICLE
House Appropriations Committee
Eisenhower
Rural Electrification Administration
Bureau of Reclamation
House
Senate
Congress
Florida
Miami Area
Federal Crop Insurance Corporation
Frank N. McCartney
Seattle
Washington
Benson
McCartney
Grange Insurance Association
Charles S. Laidlaw
The
Soil Conservation Service
Great Plains
Russia May Invite U S Military Forces Visit
The Daily News reports Russia plans to invite American military leaders to inspect its armed forces. It cites a secret Kremlin message to Washington and a UN source saying a formal invitation could come soon.
MENTIONED IN THIS ARTICLE
United Press
New York
Russia
The
Daily News
Kremlin
Washington
Joint Chiefs of Staff
Reds
Also Mentioned on This Page
Lovington Daily Leader
Lovington
New Mexico
LEA County Publishing Coo
Agnes Kastner
Lea County
Hobbs
John T. Flynn
the American Way
George Peck
Tae
Lord
Business World
Foreign Power Company
International General Electric
Brunswick
Germany
Voigtlaedner
Worl
Carl Zeiss Foundation
New York—American and
Capitol News
John J. Dempsey
Moscow
North Atlantic Treaty Organization
Dulles
NATO
Europe
Massachusetts Institute of Technology
Center For International Studies
U.S
MIT
Sukarno
Indonesia
Egypt
the Lone Stranger
Fronto
Istate Dental Society
China
Nasser
Israel
Britain
Red
Red China
United Nations
Asia
House Committee On UN
Saekieo
A-M-A Journal
James McCormack
Arthur Feraru
A-M-A Council For Education and Hospitals
Stalin
Soviet Union
Korea
Oii
Ungit
Meh
Capac
Great Plain
Colorado
Kansas
Mexico
Oklahoma
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