Weekly News Analysis on Korea War and U.S. Economy
The analysis notes advances by Korean forces and Red China pressure as initial optimism shifts. It discusses U N forces, MacArthur, and Pentagon views, while outlining rising U S prices, shortages, and wage concerns amid the Korean conflict and a growing national inflationary trend.
Noted Leaders React to Korean Crisis in 1950s Interview
Eisenhower, then Columbia University president and defense consultant to Truman, wears a quizzical expression as newsmen interview him. He doubts Koreas fighting marks WWII start yet warns, If our forces in Korea are defeated the entire world will be thrown into another great war.
MENTIONED IN THIS ARTICLE
Dwight Eisenhower
Columbia University
National Defense
Truman
Ife
Korea
Truman calls for massive mobilization to win Korea war
President Truman urged Congress to approve ten billion in initial funding for a broad mobilization to fight Korea and deter communism worldwide. He backed inflation controls, faster war production, large arms aid to non Communist nations, and tax boosts. He sought mobilization powers, draft expansion, and no size limits on the armed forces with new defense funding and material controls.
MENTIONED IN THIS ARTICLE
Truman
Congress
United Nations
Korea
Defense
Johnson
Government Seeks to Calm Food Price Fears
President Truman and the Department of Agriculture insist the nation has ample food stocks and high production. Despite reports of plentiful supplies for vegetables dairy eggs poultry and potatoes and a likely small rise in total meat output prices have sparked calls for price controls and rationing from housewives and retailers. An official inquiry into supply demand and cost is under consideration amid speculation of price increases similar to 1939.
MENTIONED IN THIS ARTICLE
Truman
Department of Agriculture
Department
Truman urges citizens to report espionage tips to FBI channels
President Truman asked law enforcement and amateur detectives to channel suspicious information about espionage to the FBI, stressing a nationwide, comprehensive, carefully sifted inquiry. He did not mention Communists and urged in-person reports to FBI offices in major cities with confidentiality for informants. Anonymous letters are discouraged.
MENTIONED IN THIS ARTICLE
Truman
U.S
FBI
Sharp Drop in Unemployment Benefits Paid
The labor department reports an 80 percent reduction in unemployment insurance payments from January to June under state law, as the number of people drawing benefits falls amid rising costs.
MENTIONED IN THIS ARTICLE
Labor Department
Automobiles Production Decline Amid War Demand
A spokesman warns of a sharp dip in civilian auto output over five months as war materials shift steel and other vital metals from auto plants. Despite rising orders and waiting lists, industry expects downward revisions to 1950 totals, with 4,255,973 vehicles built so far this year. Meanwhile the U S Army First Cavalry Division conducts a beachhead landing near Pohang with no casualties.
MENTIONED IN THIS ARTICLE
Intermobile
Jsts
First Cavalry
U. S
Pohang
Korea
Taft proposes immediate taxes to fund Korean War costs
Sen Robert Taft calls for taxing the public now to cover a long term military surge amid Russian threats he warns could cost 10 to 100 billion dollars annually. He argues the emergency may last 10 to 18 years and expects Congress to push for rapid tax hikes to support defense. Leopold II of Belgium returns to the throne after years away, but rulers face unpopularity for wartime decisions and a wife viewed as common.
MENTIONED IN THIS ARTICLE
Sen
Robert Taft
Ohio
U.S
Taft
Congress
Tosa
Leopold II
Korea Has Struggled for Unity and Independence 50 Years
A detailed overview of Korea’s rugged geography and 50 year struggle for unity and independence. The piece notes Korea’s mountains, coastlines, and rail routes from Haeju to Pusan, plus historical events from 1876 open doors to 1944 UN elections, and highlights cultural customs and demographics shaping South Korea’s agrarian society with about 20 million people largely on farms.
MENTIONED IN THIS ARTICLE
Korea
South Korea
Haeju
Seoul
Taejon
Taegu
Pusan
Yellow Sea
Sea of Japan
Japan
Junin
China
Russia
United Nations
North Korea
Indiana
Huge Hats Guard Against Plotting Legend Says Origin
National Geographic Society notes a tradition of oversized hats as a safeguard against conspiracies. An ancient ruler allegedly mandated vast headgear so men could not gather to whisper plans.
MENTIONED IN THIS ARTICLE
National Geographic Society
Sewing Circle Patterns Yoked Dress For School and Parties
Sewing circle patterns present pattern No. B81 for sizes 14 42 44 46 with a yoked shirtwaist style and varied sleeve lengths. Includes rolled collar neckline details and pocket flaps with optional three-quarter sleeves. book features 48 pages of styles and a free pattern inside.
Prince Philip Sets Path to Naval Command
Princess Elizabeth's husband, Prince Philip, is rising in the British navy. He has just won his first command, slated to head the anti aircraft frigate Magpie in August. At 29 he may be promoted from lieutenant to lieutenant commander as he returns to active duty aboard the destroyer Chequers at Malta. The Magpie, 1,430 tons, carries four six inch guns eight two pounders and pompon anti aircraft guns with a crew of six officers and 126 men.
MENTIONED IN THIS ARTICLE
Princess Elizabeth
Prince Philip
Admiralty
Philip
Chequers
Malta
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