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Newspaper
Reporter Boyden
Location
Boyden, Iowa, United States of America
Date
Nov 20, 1947
Page
5
Washington observers note a looming rival battle over a revised tax bill and a possible community property provision. Republicans push relief and Europe aid while Democrats fear inflation and prefer tying tax cuts to broader economic goals.
As the Big Four foreign ministers gather in London on November 25 to write peace treaties for Germany and Austria, prospects look bleak with deep splits on major issues. U S officials weigh a separate peace with parts of Germany outside the Russian zone if the Soviets withhold cooperation. Grain exchanges press Congress for inquiry into price spikes amid Truman’s charges of speculation, blaming government purchases for high cereals.
Washington headlines report Sen Owen Brewster calling the Hughes flying boat test results gratifying. In Sarasota the Herald-Tribune notes a quirky poll on shaving strokes, and Tacoma mentions Edgar Eisenhower joking about an Against Eisenhower club. The piece also reports on Czechoslovakia under Communist Gottwald, expanding Soviet influence over Slovakia and reducing self rule.
Government controls on installment buying ended November 1. Retailers may now set terms with less down payment, boosting demand for radios and refrigerators. Economists warn that limited supply could trigger higher prices and aggravate economic swings as consumer credit remains volatile.
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