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Newspaper
Scandia Journal
Location
Scandia, Kansas, United States of America
Date
Jan 02, 1947
Page
3
Weekly News Analysis notes CIO gearing up for a new wage push and reports the U.N. closing its latest session in harmony. The item also notes plans for more rental units.
United Automobile Workers press for a 23 cent hourly rise to counter rising living costs as economist Robert Nathan outlines that industry can raise wages without triggering higher prices. Nathan notes profits and earnings, while Walter Reuther cites 15 billion annual corporate profits, and Leon Blum returns to head France's interim government amid coalition tensions.
United Nations General Assembly adjourns until September after achievements including an $8.5 million Rockefeller gift for a 17 acre Manhattan site for a permanent U.N. home, a disarmament plan to be treaty-form, trusteeships for eight former mandates, admission of Sweden Afghanistan Iceland and Siam, and the creation of the International Refugee Organization to relocate one million displaced persons.
The administration boosts rental housing by extending FHA amortization beyond 28 years and adjusting loans to shield owners from losses in volatile times. Rental caps move from 80 monthly per unit to an average $80 per building, vets get first access to new homes, and materials priorities are relaxed while non residential construction remains limited.
Navy opposition stalls a single global commander but a wartime practice persists with theater chiefs under the joint chiefs. General MacArthur leads Far Eastern forces including Japan and Korea with other area commanders named for Pacific Alaska Atlantic Caribbean and Europe theaters.
The Agriculture Department reports record 1946 crops across cereals vegetables fruits and meats with shifts in crop emphasis to meet imports and industrial needs. Soybeans peanuts rice and dry peas rise while rye and cotton fall.
A rural banker explains that interest on war and savings bonds held by the public will average about 1.3 billion dollars yearly for the next ten years. He compares this to national income and local payrolls, urging continued bond purchases to share in debt payments and preserve purchasing power for citizens.
The U S public church donations surpass a billion dollars annually yet lag behind consumer spending on movies and theater tickets. They account for about one third of tobacco expenditures and one eighth of alcohol outlays, per Northwestern National Life Insurance estimates.
A study by the American Road Builders association shows total tourist outlays this year will top six billion dollars, even with limited auto production. Through September 320, 21,682,782 travelers visited 27 parks and 142 other National Park Service sites.
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