Communist China raises vague Korea peace bid amid U N stake shift
The article notes Beijing’s ambiguous truce proposal’s impact on US policy and UN stance, plus Army plans to reach 24 combat divisions by July under Gen. J Lawton Collins. It discusses potential domestic criticism if the US accepts or rejects Peiping’s overtures and the broader strategic risk in Formosa and UN recognition.
MENTIONED IN THIS ARTICLE
China
Korea
Peiping
U.S
Formosa
United Nations
United States
Soviet Union
U.N
J. Lawton Collins
Collins
Price Freeze Debate Shapes 1951 Economic Policy
The article outlines calls for a price wage freeze amid rising wholesale prices and food costs during early 1951. It notes Truman's dismissal of Allen Valentine and appointment of Eric Johnston to settle disputes between OPS and WSB, plus ongoing wage control debates. It also reports Korean War casualties totaling 45 137 with 7 303 deaths and 29 951 wounded, along with 8 677 missing or captured.
MENTIONED IN THIS ARTICLE
Charles E. Wilson
Allen Valentine
Truman
Valentine
Eric Johnston
Motion Picture Association of America
Johnston
OPS
WSB
Department
Living Cost Surges in 1951 U S Amid Higher Prices
The cost of living in the United States reached a peak early in 1951 with the dollar worth less than 60 cents of its 1939 buying power. Overall living costs rose 68.1 percent since January 1939, with food up nearly 118 percent. Bread and butter that cost 39 cents in 1939 now costs about $1.15, and a $3,000 income ten years ago would need $5,440 to maintain buying power. The typical factory worker rose from about $1,390 a year in 1939 to roughly $3,000 last year, a 115 percent increase.
MENTIONED IN THIS ARTICLE
United States
Treasury offers 10 year extension on Series E bonds
The Treasury proposes holders may extend Series E bonds for 10 years at 2.9 percent or exchange for Series 6 bonds with semiannual interest. Long term Treasuries stay at 2.5 percent. Congress must approve before taking effect. About 35 billion of 58 billion total savings bonds are Series E.
MENTIONED IN THIS ARTICLE
Treasury
Secretary of the Treasury
Snyder
Congress
Miners Get $1.60 Day Wage Boost in New Contract
John L. Lewis and Harry M. Moses sign a new wage contract granting miners a $1.60 per day pay raise effective February 1. The image shows Lewis, president of the UMW, smiling slightly beside Moses, head of the northern coal operators group.
MENTIONED IN THIS ARTICLE
John L. Lewis
UMW
Harry M. Moses
Northern Coal Operators Group
Iowa Factories Outproduce Farms in 1950 Trend
A 1950 report shows Iowa factories produced about 2.5 billion dollars worth of food, machinery, chemicals, drugs, printed matter and other goods, while farm sales were not likely to reach 2 billion dollars. The finding marks the first time in 11 years factories surpassed farms and highlights Midwest manufacturing growth and high farm income per acre.
MENTIONED IN THIS ARTICLE
Midwest
Iowa
Taft shifts on Europe troop policy causing debate
Observers note Senator Robert Taft moves from opposing to supporting a limited U.S. troop presence in Europe. The shift, seen as a response to Western Europe safety and changing Republican sentiment, sparks nationwide speculation on Taft’s stance and isolationist labels.
MENTIONED IN THIS ARTICLE
Sen
Robert Taft
U.S
Europe
Taft
Congress
Truman
Ohio
House action on Korea aggression sparks mixed UN reaction
The House of Representatives moved to declare the Chinese Communists aggressors in Korea, aiming for UN action. Initial Western support cooled as Middle East nations warned the move could block peace talks and worsen the crisis. The vote mirrors rising U S opposition to appeasement sentiments abroad.
MENTIONED IN THIS ARTICLE
House of Representatives
United Nations
Korea
United States
Middle East
China
House
Draft Director Pushes Indefinite Draft for Younger Men
Lewis B. Hershey, draft director, testified before the Senate Armed Services subcommittee urging the Selective Service Law be kept indefinite and a broader draft to include younger men.
MENTIONED IN THIS ARTICLE
Congress
Lewis B. Hershey
Senate Armed Services Subcommittee
Russia cheers debate as U S foreign policy blamed
The Soviet Union lauded the ongoing foreign affairs debate in Congress and released all criticism of President Truman and Secretary of State Acheson. It claimed the debate showed deep American dissatisfaction with current policy and a rising desire to end what it called the bankrupt policy of force.
MENTIONED IN THIS ARTICLE
Boston
Thomas D. Cabot
Truman
State Department
United Fruit Co
Soviet Union
Congress
Dean Acheson
Also Mentioned on This Page
Western Newspaper Union
India
Missouri
Harry S. Truman
Capitol Hill
Sam Rayburn
Texas
John W. McCormack
Mass
Phil J. Welsh
Massachusetts
Blair House
Joesph H. Downs
White House
P.F.C. Glenard Lanier
Downs
Griselle Torresola
Oscar Collazzo
Eddie Rickenbacker
William F. Rickenbacker
United States Air Forces
Whitehall Street
New York City
William A. Haviland
New York and
New Jersey
Bill Cook
San Diego
Calif
Oklahoma City
Carl Mosser
Maurice Tobin
Senate Armed Forces Committee
Defense
James E. Briggs
Emmett O’donnell
Far East
Forrest P. Sherman
Naval Operations
Department of Defense
Raymond M. Foley
Senate Banking Committee
China Aggressor
Center
Alan Valentine
John Steelman
Russia
Big Baste
Dickinson
Welltow
Wuire
Scott
Scott’s
AU EL
Peg
Lydia E. Pinkham
Pinkham
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