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Newspaper
Paris Post
Location
Paris, Idaho, United States of America
Date
Dec 13, 1945
Page
2
Postwar housing boom sparks debate in Washington over extending price controls to final sale prices of homes and used buildings. OPA cites WWI costs and mortgage strains to justify authority while builders warn new controls could slow construction. Reconversion urges focus on materials and manpower.
OPA would enforce price ceilings on building materials and services amid a housing surge. The National Association of Home Builders urges increased supply to curb inflation, outlining six steps including government coordination, wage adjustments if needed, and vets into construction.
The text notes labor costs lagging behind building materials during the 1913–1920 inflationary era. Total construction costs rose significantly during and after World War I, with 40 percent of inflation from 1918 and 60 percent rising between late 1918 and December 1920 as prices surged rapidly.
NEC's Ben Grauer reports Einstein the famed mathematician and atomic bomb authority hosted a musical weekend with pianist Schnabel at his home. After attempts at Mozart sonatas, Schnabel grew irritated and demanded counting, ending with a dramatic keyboard bang and groan.
Washington observers note that postwar reconversion and demobilization trigger a second wave of joblessness. The Social Security Board reports six to nine million servicemen may return to industry in 9–12 months, with eight million total affected and a possible crisis by 1947 if jobs are insufficient. Women and skilled workers dominate recent claims as agencies brace for rising unemployment payments.
A Manhattan encounter over a $100,000 annual FBI resignation offer to J Edgar Hoover ended in a humorous clash. A tuxedoed man and his wife, blamed for starting the fracas, were knocked flat in an East Side spot. A glamour figure, once married to a millionaire, allegedly pawned her mink for $300 and defied settlement demands.
The speaker notes that Louis Brownlow and Watson Miller rose to high offices without finishing grade school. He mentions General Spaatz as a potential 1948 Pennsylvania gubernatorial candidate who has not been defeated. He also cites 18 million women working on V J Day and mocks calls to send home women, teens, and aged workers to fix employment.
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