White House urges real price competition to steady postwar economy
President Truman's three economic advisers warn in the council's second annual report that price spirals and uneven demand risk a boom bust cycle. They call for lower prices where possible and a policy of real price competition to sustain production and broad middle class prosperity. The advisory group, created in 1946, outlines paths toward stable wages, reduced excess profits, and greater consumption by the lower middle ranks ahead of a Congress economic message due after January 6.
MENTIONED IN THIS ARTICLE
Washington
White House
Truman
Nest
Edwin G. Nourse
A H. Keyserling
John D. *K
Myman
Congress
Tly
Italian Girl to Stay in U S 90 Days After Death of Fiancé
Maria Formicola, 21, who sailed from Italy to wed James McIntosh, 19, of Kentucky, will remain in the United States at least 90 days after the fiancé was killed in an automobile crash. The U S Immigration and Naturalization Service announced the decision following her arrival aboard the Vulcania and the lack of a sponsor.
MENTIONED IN THIS ARTICLE
Philadelphia
America
U. S. Immigration and Naturalization Service
Maria Formicola
New York
McIntosh
Italy
Weather Update Details From Yesterday to Today
High yesterday reached 52 degrees and a noon update today shows 48. December rainfall totals 1.47 inches against a 3.86 inch quota leaving a deficiency of 2.39 inches.
Seek Possible Information Leaks Speculator List Studied
Two congressional committees vow scrutiny of trader lists for leaks of government purchasing policy information. Rep. Andresen will summon certain traders to explain premarket purchases as Knowland notes staff study 711 traders named by Agriculture Sec. Anderson, who plans to publish more of about 14,000 names.
MENTIONED IN THIS ARTICLE
Washington
House
Rep
Andresen
R-Minn
Knowland
R-Calif
Appropriations Committee
Agriculture Anderson
Anderson
Texan to Get Naval Office
President Truman to appoint Mark Edwin Andrews of Houston Texas as assistant secretary of the Navy with nomination to the Senate. The post becomes vacant after W John Kenney’s promotion to undersecretary. Secretary Sullivan, with Truman's approval, will also name Vice Admiral Radford as vice chief of naval operations effective Jan 3.
MENTIONED IN THIS ARTICLE
Washington
Truman
Mark Edwin Andrews
Houston
Texas
White House
Andrews
Senate
Congress
W. John Kenney
Navy
Secretary of the
Sullivan
Arthur William Radford
Naval Operations
Seabee Mascot Jimmy Carrick Returns Home For Christmas
Jimmy Carrick the Seabees mascot, bedridden eight years due to spinal tuberculosis, returns home to Mt. Washington Pittsburgh for Christmas. A bone fusion at Shriners Hospital in Philadelphia allowed him to walk again aided by family and neighbors. A parade welcome, an electric train, and Can-Do the terrier accompany his homecoming.
MENTIONED IN THIS ARTICLE
Seabee
Pittsburgh
Jimmy Carrick
Jimmy
Navy
Seabees
Louis Carrick
Carrick
Shriners Hospital
Philadelphia
Robert Sweet
Mt. Washington
Bethlehem Star Brightens Holiday in Moravian City
Bethlehem Pennsylvania celebrates a season of lights with the 90 foot Bethlehem Star behind Lehigh University and a central Christmas tree made from 50 spruce trees. Moravian Church choirs will ring in Christmas Eve at midnight as crowds sing O Little Town of Bethlehem.
MENTIONED IN THIS ARTICLE
Bethlehem
America
Lehigh River
Moravia
Lehigh University
Moravian Trombone Choir
Armington Hotel Hosts Lions Club and Club Meetings
Activities calendar lists 7 p.m. Lions Club at Armington Hotel and 7 p.m. Co. K 120th Infantry Dinner at Armory. Wednesday 12:30 p.m. joint Civitan and Rotary Clubs meeting also at Armington Hotel.
MENTIONED IN THIS ARTICLE
Lions Club
Armington Hotel
120Th Inf
Armory
Civitan and Rotary Clubs
Mount Of Ascension Is Battlefield In Jerusalem Clash
British troops fought Arab attackers north of Jerusalem while Arab bullets hit a Jewish funeral procession on the Mount of the Ascension. A convoy repelled fire from hills above Bab El Wad as 10,000 rounds were fired. An English-born Jewish journalist was killed in the wider skirmishes.
MENTIONED IN THIS ARTICLE
Jerusalem
Sacred Mount of the Ascension
Bab el Wad
Mount of the Ascension
Robert Clive Stern
Mount of Olives
Palestine
Bat Yam
Aran Yahelia
Jaffa
United States to Persist at Panama Canal Bases
Officials say the United States will keep using 14 military bases in Panama for Canal Zone defense despite the Panamanian assembly rejecting a new leasing accord. They await Panama’s May 9 presidential election outcome and any new Panamanian moves before acting further.
MENTIONED IN THIS ARTICLE
Washington
United States
Panama
Canal Zone
U. S
Rio Hato
Canal
Panama Assembly Rejects US Base Pact Defining Canal Defense
Panama's national assembly rejected 51 to 60 a pact granting the United States lease and access to 14 military and airfield sites for canal defense. Proponents warned negotiations may move to international bodies while celebrations erupted in Panama City.
MENTIONED IN THIS ARTICLE
Central American National Assembly
Panama
National Assembly
United States
Panama Canal
Death by own action ends in tragedy at Chicago hotel
Chicago police and Times photographer race to the hotel apartment of Patricia Brody after she telephoned a suicide threat. A 36 year old divorcee, Brody spoke of Christmas and hope as reporter John Arabinko urged her to consider life. She jumped from a third floor window. Arabinko photographed her body below.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Times
Patricia Brody
The
Times
John Arabinko
Arabinko
Brody
Taft Warns Marshall Aid Could Hit 8 Billion Yearly
Senator Taft warned that American aid to Europe under the Marshall plan may reach eight billion dollars in one year if Congress trims the request. He cited six point eight billion for 15 months and added possible 1.2 billion in the year starting July 1 along with German food needs and European draws from the International Bank and Stabilization Fund. He warned continued export surpluses beyond imports could keep prices high.
MENTIONED IN THIS ARTICLE
Washington
Europe
Truman
Congress
Taft
Ohio
International Bank
Little Merchants Gene Horne Delivers Gazette
Gene Horne of Bessemer City delivers The Gazette earning spending money and friends. He began delivering October 7, 1946, has a good record with the circulation department, and pays his account promptly. His hobby is raising pets.
MENTIONED IN THIS ARTICLE
Gene Horne
G. H. Horne
Bessemer City
Gazette
Gene
Also Mentioned on This Page
LSO
National Weaving Company
Lowell
Grace Cloninger
Sara Cooksey
Harley Perguson
U. 5
California
Appropriations
Harold E. Stassen
Naval Office
Mount of Ascension
Haifa
Cyprus
David Ben-Gurion
Jewish Agency Executive
U.S
United Nations
International Arbitration Tribunal
Ricardo J. Alfaro
Alfaro
Florencio Arosemena
Japan
Gen. MacArthur
U. S. State Department
Panama Assembly
Marshall
International Stabilization Fund
Ohioan
the Gazette's Little Merchants
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