Weekly News Analysis U S Moves to Free Economy
Western Newspaper Union reports on U S moves toward a freer economy, a Paris conference ending with dissent, and urging the Reds to settle lend lease. Editor notes disclaim columnist opinions.
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Newspaper
Scandia Journal
Location
Scandia, Kansas, United States of America
Date
Oct 31, 1946
Page
12
Western Newspaper Union reports on U S moves toward a freer economy, a Paris conference ending with dissent, and urging the Reds to settle lend lease. Editor notes disclaim columnist opinions.
Amid Truman's push for a faster shift to a free economy the OPA plans remove many non essential items from price control dropping the regulated share from 52 to 40 percent by year end. Farm equipment building materials clothing and household goods remain controlled to balance the economy.
The Illinois Chamber of Commerce heard Secretary of Agriculture Anderson say decontrol aims to spur fattening of cattle and hogs with record farm supplies. Livestock on farms stood at 40.9 million last January, projected to 44.8 million by year end, with high prices pushing culling of older cattle and cows. Experts expect prices to spike then stabilize as distribution normalizes.
The state department outlined a plan to settle the United States lend lease debt with the Soviet Union totaling 11.141 billion dollars. The settlement aims to mirror Britain and France deals with partial debt write‑offs and possible credits for surplus goods. The U S previously advanced 300 to 400 million to the Reds and halted other loans, while Czech actions against U S policy and profiteering were cited as factors in broader postwar economic tensions.
Gandhi concedes a misstatement after endorsing a Muslim claim about sole representation, signaling caution to his Congress party as Moslems and Hindu leaders vie for influence in the proposed Indian government. AFL delegates vow to oppose communism while supporting a firm anti-Russia policy and plan an increased funding measure. Goering’s suicide note and hard terms loom as investigators press the German war criminal inquiry.
Allied observers note Goering's sudden death before trial could undermine Allied justice in the eyes of Germans. The Nazi leader killed himself rather than face judgment, a move seen as a blow to the legitimacy of the prosecutions despite the execution of ten other top Nazis.
A veteran observer argues America has shaped Japan's postwar reform but warns durable democracy requires long education and native will. He notes inflation, strikes, and elite resistance as key hurdles, and compares Japan’s path to Weimar Germany and postwar Turkey.
The Agriculture Department reimposed potato production limits after a record 1946 harvest to curb waste while awaiting overseas and domestic demand growth. Plans to shift acreage and boost meat dairy fruits appear to balance diets, with subsidies for lower incomes possible if wage growth slows. Federation of Sewage Works urges federal water pollution controls at its Toronto convention, backed by U S Canada Britain Argentina delegates.
The column wryly notes 50 000 deer contributing fat to fatless public and reports early Har man news conferences failing to reveal secret bonds with Wall Street Kremlin Wallace or the Florida hurricane. It jokes about Washington politics and elephants at the New York zoo commenting on elections.
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