Eisenhower Sees 1958 Economic Recovery Ahead
President Eisenhower forecast that a 1958 recovery in business activity is possible amid modest income gains and rising government spending. He urged tax relief, stronger anti trust controls, housing credit loosening, and permanent small business aid while warning wage increases must align with productivity to avoid inflation. He cited 65 million employed and 434 billion in output as evidence of a still-robust economy.
MENTIONED IN THIS ARTICLE
Eisenhower
Congress
Capitol
Small Business Administration
United States
WERTE
103rd Time Around London Sputnik II Mission
Moscow radio reported that Sputnik II circled the earth for its 1103rd time today as part of ongoing spaceflight tracking from London.
MENTIONED IN THIS ARTICLE
London
Moscow Radio
Congress May Push Air Power
Congress considers expanding air power funding and policy. Lawmakers debate aerial capabilities, training, and defense priorities amid ongoing security concerns. Committee hearings expected to shape armed services posture and budget requests.
MENTIONED IN THIS ARTICLE
Congress
Klan Leader Faces Shooting Indictment Amid Indian Clash
A sheriff reports a tense aftermath after a Klan rally turned violent with Indian groups firing into a field. Four people were wounded, including a television cameraman. one Indian leader vows to face indictments while denying race-based rights violations. Local officials recount threats and police protection requests.
MENTIONED IN THIS ARTICLE
Pembroke
KKK
Lenders Hold Key to Home Building
NAHB president George Goodyear urged lender cooperation to raise the 1.853 million housing unit market toward 1.2 million. He spoke at the 10th annual convention urging federal backing and a unified effort to revitalize the U.S. economy amid racial tensions in Robeson County where Lumbee Indians faced cross burnings and Klan intimidation.
MENTIONED IN THIS ARTICLE
Chicago Ufi
National Assn. of Home Builders
George
Goodyear
NAHB
Oxendine
North Carolina
Veterans of Foreign
Robeson County
Billy Graham Latin America Tour Begins in Kingston Jamaica
Billy Graham starts a Latin America evangelistic tour from Kingston Jamaica heading to eight Catholic nations including Puerto Rico Barbados Trinidad Costa Rica Guatemala and Mexico Venezuela was dropped due to political unrest He plans no political remarks and cites potential housing and financing issues affecting low cost homes and auto loan challenges in the U.S.
MENTIONED IN THIS ARTICLE
Miami
UPI
Billy Graham
Kingston
Jamaica
Puerto Rico
Barbados
Trinidad
Params
Costa Rica
Guatemala
Mexico
Graham
Venezuela
Goodyear
H. B. Layne
Springfield
Ohio
Layne
Also Mentioned on This Page
Aa—Press-Telegram
Long Beech
Cally Mans
Ike
ADOC
Atlias
Strategic Air Command
Thomas C. Lanphiecr
Convair Dion
General Dynamics Corp
West
Florida
Lanphier
BSS
Jer
Theling
Convair
Navy
M. Pasternack
Lumberton
Cale
Cuarte
San Francisco
Long Beach
Los Angeles
Western
Garfield
Airlines
California
ELS
Jelia
Factory
Teri
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