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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Dec 10, 1957
Page
4
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The August Newsweek issue notes the dollar’s 1934 gold price lift as its last official devaluation, while many currencies have fallen more recently. Devaluations raise import costs and inflation, prompting talks of full currency convertibility and a return to a global gold standard as the cure for world inflation.
The article discusses the 1947 presidential succession act and how Speaker Rayburn might become president if both the presidency and vice presidency are vacant. It notes Rayburn’s long tenure, the line of succession, and past two party switches when a vice president succeeded a president of a different party. It also cites Harry S. Truman’s influence and the roles of Stettinius and Morgenthau in succession considerations.
Hal Boyle notes a Bahamas boom driven by tourists and foreign investment, with Bay Street land selling at high front-foot prices and new hotels rising. Population rises from 68,846 in 1943 to about 90,000, while housing shortages and higher wages accompany growth, despite tax advantages and paradise appeal.
George E. Sokolsky argues the GOP shows weakness in New Jersey and New York as aging senators facing challenge from Eisenhower aides and Roosevelts. He notes infighting, possible endorsements, and multiple gubernatorial hopefuls risking Democratic gains led by Averell Harriman.
President Eisenhower seeks a five year extension of the Reciprocal Trade Agreements Act with expanded tariff cutting powers. The proposal faced bipartisan skepticism as critics cite domestic impact from cheap imports and question true reciprocity amid the Japan concessions analysis and broader trade balance concerns.
Dorothy Kilgallen surveys a scatter of show business gossip from Barbara Hutton’s lavish gifts to Philip Van Rensselaer, Liberace’s rumored engagement, Ingrid Bergman’s Christmas trip, Marilyn Monroe’s casting talks, and Harold Arlen in hospital.
Dave Regan recalls childhood Christmas traditions in a German immigrant neighborhood. He contrasts Christmas Eve gift customs with his own family, noting last minute wrapping, stocking contents with a dollar bill, and distant yet cherished holiday anticipation amid busy preparations.
A columnist questions how critics label Vice President Nixon as maturing while treating him as if still a youth. He notes Nixon has endured varied public service from attorney in emergency management to Navy service, to Congress, to Senate, and finally to the vice presidency.
Estrellita notes propitious aspects for personal relationships and family gatherings. May bring travel opportunities, social charity events, and strong potential for romance for those with birthdays tomorrow, with a year of gains in life work and personal development.
A tense economic note shows wine costs in France up four times since September, risking a shift toward teetotalism as prices climb. A Midwest man who wed two women on the same day is ruled insane, while a colleague jokes on hearing wedding bells.
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