Weekly News Analysis: China fears and Western rail car drought
The United States withdraws most Marines from China raising alarms of possible Soviet intervention. Revisions in Big Five packing plants push toward equal pay and broaden collective bargaining coverage. Senator Reed pushes to solve West box car shortages by pressuring railroads to move rolling stock west for grain and other goods. Argentine President Peron hires a New Deal era team to map rural electrification and infrastructure with Worldwide Development Corp, while expropriating fascist enterprises.
MENTIONED IN THIS ARTICLE
U. S
Swift, Wilson, Cudahy
Armour and Morrell
AFL, Cio
Packing House
Cio-United Steel Workers
U.S. Steel Corporation
Senator Reed
Kas
Seaboard
Reed
East
Juan Peron
Argentina
Worldwide Development Corporation of
New York
Peron
Robert Nathan
Laughlin Currie
Howard A. Flanigan
USN
Worldwide
U.S
State Department
Congress Retains Luxury Levies Amid Tax Debates
The GOP moved to keep wartime luxury taxes high to fund the 1947 48 budget and reduce debt. Rates stay on liquor 9 per proof gallon, furs 20 percent, jewelry 20 percent, theater 1 cent per 5 cents, beer 8 dollars per barrel, long distance calls 25 percent, local service 15 percent, transportation 15 percent, lights 20 percent. Debate split over reducing income taxes. Engel pushes raising exemptions to aid low earners, Knutson divides tax-cut plans with big gains for high incomes. Schumacher warns Allies against harsh postwar treaties, linking democracy and peace risks.
MENTIONED IN THIS ARTICLE
Republican Congress
Knutson
Rep
Minn
House
Ways and Means Committee
Representative Engel
Mich
Engel
Democratic Party
Britain Faces Pressure to Boost Exports to Stabilize Debt
Britain relies on a U. S. loan to balance exports and imports last year but must lift overseas trade by about 75 percent to repay war debts while maintaining living standards. Exports rose 17 percent in July but only 3 percent above prewar levels in December due to material and manpower shortages. Britain seeks to balance trade with countries using soft currency and imports for domestic use. Wartime life insurance reinstate is rising as veterans restore lapsed policies, with over 220,000 reinstated recently.
MENTIONED IN THIS ARTICLE
U. S
Britain
National Service
Virginia Commission Seeks Local Industry Growth
Virginia governor appoints a commission to study promoting small local manufacturing as part of broader southern industrialization efforts. The move aims to identify opportunities for new plants and jobs in the region below the Mason-Dixon line.
MENTIONED IN THIS ARTICLE
Mason-Dixon Line
South
Virginia
Farm implement makers cite strong 1946 gains in industry
Nineteen forty six proved a banner year for American farm machinery firms with International Harvester posting sales of 482 million and Deere and Company 144 million. Oliver reported 50.8 million in sales and 2 million earnings as war work declined and production of farm items hit records despite shortages.
MENTIONED IN THIS ARTICLE
International Harvester
Arabs Readying Wider Role in Palestine Clash
Arabs, now the majority in Palestine, prepare to oppose London’s plan for a Zionist state amid Jewish immigration and partition pressure. They warn the land’s productivity cannot support rapid population growth, even as the U S and Britain offered loans to develop industry and agriculture. The Near Eastern Arab league, backing 33 million Arabs, looms large in regional oil politics.
MENTIONED IN THIS ARTICLE
Palestine
Holy Land
London
U. S
Britain
Near Eastern Arab League
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China
West
Marshall
Port Arthur
Dairen
Russia
Moscow
Orient
LABOR
Currie
Union
DITOR
Suvorov Military School
Berlin
Manchuria
Nathan
Congress
Germany
Social Democratic Party
Jeanhard Kurt Schumacher
Reich
Schumacher
Versailles
Hitler
Saar
Ger
Lewis B. Schwellenbach
GOP
Senate Labor Committee
Joseph T. Ball
Robert A. Taft
Ohio
Schwellenbach
Prexy
University of California
Robert Gordon Sproul
Eastern University
Dr. Sproul
Sproul
Columbia University
Reme R. Array
Arthur W. Wermuth
Hill City
Maynard B. Weaver
Denver
Wermuth
Michigan State College
Joyce Zilliker
Detroit
Arsela Weicken
Helen Holm
Lansing
Alberta Powers
Ann Arbor
Corrine Dixon
Elaine Healey
East Jordan
Barbara Wright
Saginaw
Gloria Leclercq
Teaneck
N. J
Dolores Sullivan
Wayne
Joan Faust
Shamokin
Jane Zimmerman
Traverse City
Virginia Annas
Suzanne Silvercrays Stevenson
George 8S. Patton Jr
U.S. 3Rd Army
General Patton
West Point
Rotary
Paul P. Harris
Rotary Club
Chicago
Cickens
Yip
Miles Laboratories, Inc
Elkhart
Indiana
Miles Nervine
WNU
Doans
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