No Crisis in Jobs Says Truman Amid Downswing Signals
Washington June 164}-President Truman said there is no crisis in jobs and business and his midyear economic report due in July will reveal plans to bolster the economy. Council head Dr Edwin G Nourse warned a continued downswing is possible but a real recession or leveling out cannot yet be foretold. He urged maintaining military spending while funding road school hospital projects for longer term growth. Nourse spoke at a Pentagon orientation conference closed to press. Reuther warned of rising joblessness and called for a national conference with labor and management to spark private employment via public works. Ohio is noted as the Buckeye State.
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Washington
Truman
Cenairman
Council of Economic Advisers
Edwin G. Nourse
Nourse
Hitler
Pentagon
CLO United Auto Workers
Reuther
Cleveland
National Conference of Social Work
Non-Commie Oaths Will Be Required
The Senate adopted an amendment to the Truman labor bill requiring both union and company leaders to swear they are not Communists Fascists or members of any subversive group. Enforcing this oath would bar those leaders from NLRB cases if they fail the pledge. The move widens Taft Hartley provisions and faces broader labor policy battles.
MENTIONED IN THIS ARTICLE
Washington
Senate
Ives
R-Ny
Congress
Truman
House
Islor
National Labor Relations Board
NLRB
Douglas
D-Iii
John L. Lewis
United Mine Workers
Philip Murray
CIO
Lewis
Murray
Fairchild Eliminates Retirement Provision
New York June 16 stockholders of Fairchild Engine and Airplane Corp heard that the 25 000 a year retirement for chairman and CEO J Carlton Ward Jr has been eliminated at his request The move comes as Sherman M Fairchild founder of the company presses a proxy contest and Ward has said he would accept no future retirement benefits without stockholder approval The management letter to stockholders notes the only remaining issue is whether current management will stay in office and includes a profits comparison before taxes and before provisions for reserves to illustrate Fairchilds standing among peers
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New York
Fairchild Engine and Airplane Corp
J. Carlton Ward, Jr
Sherman M. Fairchild
Hagerstown
I. B. Richardson
Ward
Fairchild
Richardson
Profit for Three Year Period 1946 48 Reported
The report notes profits for the three-year span 1946 through 1948 inclusive. It highlights earnings levels and compares them with prior periods, indicating favorable performance and growth within the period. Details on exact figures or entities are not provided in the readable fragments.
Is the Nation s Business article a security risk
Washington June 16 David E Lilienthal says a page in Nations Business may violate security rules and will ask the FBI to review it The piece Is the grab A bomb Secure by William Bradford Huie is accused of inaccuracies and statements about highly classified information He cites a stockpile and weapon counts and praises a possible security leak investigation by Rep Price End of miners strike Pittsburgh June 16 480000 United Mine Workers will return to work Monday per District 5 UMW president John Busarello Lewis calls the walkout to stabilize the industry
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David E. Lilienthal
FBI
William Bradford Huie
Lilienthal
Atomic Energy Commission
Senate
House Atomic Committee
Epee
Rep. Price
D-Ih
Commission
J. Edgar Hoover
Chamber of Commerce of the
United States
Pittsburgh
United Mine Workers
UMW
John L. Lewis
John Busarello
District Ni 5
Schedul Ule
Lewis
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