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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
Sep 14, 1960
Page
2
The article surveys how presidential election years 1940 to 1956 affected stock markets. It notes mixed patterns with wartime or policy changes and GOP or Democratic wins causing brief moves, but overall markets respond more to economic factors than politics. The Exchange concludes political effects are minor long term.
The House Post Office Committee ruled the Postmaster General lacks authority to move first class 4 cent mail by air without Congress approval. It argues the airlift harms surface service, rail traffic, and public interest, noting declining airmail volumes since 1953 and no proven demand for airborne 4 cent letters.
Among proposed changes to the federal wage hour act are a higher minimum wage and broader coverage affecting about 1.4 million workers largely in retailing. Critics warn inflation will rise and employment for low income and marginal workers may fall, hurting those least able to absorb higher costs.
A 1950s public opinion excerpt argues that a 40 hour week yields taxes consuming all earnings, with tax take rising faster than defense costs. It notes defense costs grew 12 percent from 1955 to 1961 while other items rose 43 percent, urging wiser tax spending to reduce burdens and worries.
A Shafter letter writer laments voter hype and argues citizens must be informed before voting. He warns the ballot can destroy freedoms as surely as a loaded gun and calls for stricter voting checks, literacy prompts, and voting only by the informed. He opposes youth voting at 21 without readiness and urges intelligent participation.
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