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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
Mar 16, 1960
Page
2
The Denver Post warns that federal fair trade legislation would raise prices and curb competitive advantages for efficient retailers. It argues the policy would shield inefficient outlets while stifling merit-based gains and push toward a managed economy.
Life magazine highlights the world’s largest private gas and electric utility serving central and northern California. It operates 72 500 miles of wire and 21 600 miles of pipe, adds 1 000 new customers weekly, and has spent over 2 billion dollars on expansion since 1945. The firm aims to double output in a decade with coal and atomic energy plans including an underground power plant and an operating private atomic plant.
A Saturday Evening Post editorial argues inflation is inevitable without public patience and restraint. It cites L Robert Driver noting a 40 cent per hour wage rise would push annual costs by 46.8 billion dollars and warns wage hikes must be matched by productivity gains to protect the dollar’s buying power.
In Washington and Iowa reports a debate on tax loopholes highlights that small taxpayers gain most from current escapes while middle earners suffer. Citizens are urged to tell Congress to demand cheaper government and fewer loopholes. The Journal warns against government competition with private enterprise, labeling it socialism and a threat to private ownership.
Recaps from March 15 1949 to March 17 1955 highlight high school stock exhibits future farmers Eagle Scout awards ham fund drives and public works notes. Included are four Shafter boys entering stock shows in 1949 and 1955 school staffing changes plus a clamming outing and disaster readiness survey.
Loren Echols states CCC will adjust cotton pricing for 1959 and earlier crops starting August 1 1960. New minimum sales prices apply to 1960 crop cotton and carry charges begin October 1960 rising monthly to a 190 point cap by July 1961.
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