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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Jun 16, 1958
Page
4
The text draws a parallel between climbers moving in unison to avoid harm and the need for coordinated effort to combat inflation. It cites U S Bureau of Labor Statistics data showing manufacturing hourly earnings rising 59 percent over ten years while output per man hour grew 27.1 percent, noting higher employment costs and weaker output, with steel lagging despite large investments.
The article details federal actions and testimony on Adams and Goldfine matters. It notes overruled recommendations for criminal prosecution, FTC's eye-on-compliance approach, and disputes within FTC leadership. It spans House subcommittee inquiries, White House ties, and Adams and Mrs Adams’ Waldorf bills while referencing Goldfine Northfield Mills mislabeling probe and related figures.
A flood along the White River forced about 1500 residents of Terre Haute to evacuate. The levee weakened as the river crested at 20 feet, with several blocks submerged and hundreds of homes damaged or under minor water. The Red Cross reported extensive damage while relief efforts included sandbagging and emergency declarations.
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