Government price controls and bank restraint risk recall
Banks urged voluntary lending restraint to keep cash available for higher interest loans while some institutions may leave the Federal Reserve System. Truman noted price controls would take time if needed, as ESA aims to open regional price and wage offices next month. Rubber imports remain under federal control, with mixed consumer impact. GNP hit a record $277 billion in 1950, with fourth quarter growth at 15 percent, and personal income likely to set a new annual peak near $230 billion in October.
MENTIONED IN THIS ARTICLE
Beard
Federal Reserve System
Truman
ESA
General Services
Jess Larson
Booni Ume
The
Bulletin
Archbishop of York Opposes A Bomb and War
York England Archbishop Cyril Garber says atomic bombing could ever be justified only as a last effort to save western civilization from unprovoked attack. He urges an early top level agreement with the Soviet Union and a better understanding with China to avert war.
MENTIONED IN THIS ARTICLE
York
England
Cyril F. Garber
Church of England
Korea
Hubert
Fle
China
Soldier recounts escape and frostbite fate in Korean War
Private Reeves survived a brutal withdrawal near North Korea after playing dead to avoid execution. He suffered severe frostbite to arms legs and left ear, with the possibility of losing toes fingers or one foot. He credits a Marine rescue and says he kept fighting as others were shot. Reeves remains optimistic, his mother traveling from Joliet to be at his side.
MENTIONED IN THIS ARTICLE
GH. David
Percy Jones
Reeves
Pic
Robert L. Smith
Middleburg
Walter Reed Hospital
Washington
North Korea
Tex
Battle Creek
Joliet
Story of Ernie Pyle condensed in Reader's Digest
The tragedy of a marriage shaped his life yet forged his devotion to America’s fighting men. Told largely in his own letters, the piece frames Ernie Pyle as a war correspondent whose private life contrasted with public heroism. Written by his closest friend, this American legend appears in January Reader's Digest with 35 condensed articles.
MENTIONED IN THIS ARTICLE
Heaven
Ernie Pyle
Ameriga
Ernie
Current Books
UN urged action as Chinese invasion tests Korea
Paget reports that the United Nations faced whether to respond to China's advance into South Korea similar to past actions against North Korea. B 29 superfortresses dropped 176 tons of bombs on Songyin 100 miles northeast of Hungnam along with other bombers and fighters striking front-line Communist troops on both sides of the 38th Parallel.
MENTIONED IN THIS ARTICLE
United Nations
China
South Korea
Korea
Stk
38Th Parallel
Japan as Allied Stake in UN War Role
The piece argues Japan should align with the United States and the United Nations, noting past wars with China and Russia, current distrust of those powers, and Japan’s value as a strategic ally. It highlights Japan’s noncombat involvement, hosting UN bases, and Japanese personnel serving in nonmilitary roles amid the Korean War context. It also mentions outbreaks from Korean Communists in Japan and the paradox of basing UN forces on Japanese soil.
MENTIONED IN THIS ARTICLE
China
Russia
Orient
Japan
United States
United Nations
Missing Dog Queenie Rescued From Can by Rabbited Trap
Queenie the beagle and her dog companion Blackie vanished on a hunting trip with George Lara. Two boys found Blackie whining and led them to Queenie trapped headfirst in a five gallon can. Harley Smith freed Queenie and a live rabbit found at the bottom explained the trap.
MENTIONED IN THIS ARTICLE
Chardon
Queenie
Blackie
George Lara
Harley Smith
Smith
Defense Loopholes In New York Air Warning Service
New York State seeks 4 000 more volunteers for its civil defense warning system as Col Lawrence Wilkinson director of the Civil Defense Commission warns of serious loopholes in the state air defense network.
MENTIONED IN THIS ARTICLE
New York
New York State
Uere
Lawrence Wilkinson
New York State Civil Defense Commission
March of Dimes Campaign Banned in Oakland
Oakland officials refused the March of Dimes fund raising mission for next month. The Oakland Commission of Public Charities, by four to two vote, ruled the campaign and its costs excessive. Regional director Dan Marovich expressed confusion as records were open.
MENTIONED IN THIS ARTICLE
Oakland
Calif
Oakland Commission of Public Charities
Dan Marovich
Commission
Fund Shortfall Acknowledged in National HQ Appeals
A fragment notes unsatisfactory accounting of funds sent to the national headquarters for infantile paralysis relief. The terse reference points to financial irregularity or gaps in reporting, highlighting concerns about donor funds and oversight without detailing amounts or entities.
Union Pensions Coverage Doubles in Two Years
The Labor Department reported a broad expansion of pension and Social Security benefits in union contracts. By mid-1950 about 7.65 million workers were covered, with over 5 million in pension plans. The rise is described as a widespread employer and union movement, tripling coverage from two years prior.
MENTIONED IN THIS ARTICLE
Washinglon GP
Socrl
Uniton
Labor Department
Six-engined B-47 jet bombers ordered into priority production
Wright Field officials said six engined jet bombers traveling faster than 550 miles per hour with a 10 ton bomb load have been ordered into priority production. Maj. Gen. S. B. Brentnall called the B-47 the white hope of our medium bomber force, likening its role to the B-17 and B-29 in World War II.
MENTIONED IN THIS ARTICLE
Putin
Dayton
Air Force
Wright Field
S. B. Brentnall
Also Mentioned on This Page
Drapt Dodger
Larry Atkins
St. John’s College
Ernest Vorkhart
Wcky
Absorbing
Paget
Lyman. L. Lemnitzer
Defense Department
11Th Airborne Division
Fort Campbell
Kentucky
Arrow Liquors
Onondaga Street
ARROW
U. S
Albert
Remington
Albert's
Inteest
Awit
Puesa
New Yorks
Jovely
Rts
E. Fayette St
Eckel
Buloyas
Groboske
Fay
Salina
Roy
Abbey Albert
Patrice Helene
Jar Howard
Honey Dreamers
Stuart Morgan
Banque Departmen
Pension Terrace
HOTEL
Syracuse
Lanse
Viptaminge
East Water Street
Physicians
Erie Boulevard
Deans Pills
Hill
Lee
Tyrozets
Miles’ Alka-Seltzer
Trokells
Kriptin
Mgm
Joo
Jon Capsules
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