Show NEWS RE REVIEW VIE W slump possible truman cite air power need in this season of presidential re ports to the nation the alarm were jangling for everything the state of the entire world to frayed condition of john doe s pocket and through his semi economic report of the president mr truman sounded the gong omi bously on a new note the impend ing peril of economic disaster in the U S the nation s economy he said is operating on borrowed time and in nation ridden americans are oper abing on borrowed money in a situa tion flirting with depression million millions of persons in the lower income groups his report pointed out now are keeping the inflation carousel whirling by liquidating their savings reducing their current savings and by extensive use of con sumer credit such use of savings for current living expenses is an ominous sign for the economy as a whole without stopping ping to consider any possible political aspects of the president presidents s economic report amer leans could take it as a sober realis tic picture of what lies beneath the relative luxury in which many of them are existing now exhaustive and complete the eco survey presented figures no table in that they showed tor for the first time that I 1 real purchasing power of the american masses basic factor sup porting U S economy has haq declined 8 per cent since the first quarter of 1946 and that millions of americans are livin living 9 2 on their savings accounts and borrowing money almost one ter of all families and more than one half of far families rillies earning less than 2 yearly held no liquid assets in 1947 then mr truman tied in these facts with his administration administrations s pro posed policy to beat the inflation rap it if inflation he said is per bitted to run its own course it will break with destructive force and in order not to let it run its own course the president again urged adoption of his anti inflate on program limited price and ration controls that way he indicated lies a new greater economic era for the U S embodying maximum employ ment and solid and lasting pros penty AIR STRENGTH aday 1953 how important is it that the U S have a potent efficient air force virtually a matter of life or deahl thinks the president presidents s air policy commission which recently reported on the status of the nation nations s air strength immediate and substantial en largemont lar gement of the air force for sur vival in the air age was urged by the commission and january I 1 1953 was set as A day or the ulti alti mate date when the U S might con sider itself relatively secure against atomic attack after A day the commission intimated it will be anybody s ball game as far as airborne atom bombs are concerned the air force is hopelessly wanting in re of the future when a 0 serious danger of atomic attack wil will exist on that premise the group becom mended that the government star now to spend on the air force in 1948 13 1 3 billion dollars more than the 2 85 billion currently scheduled for this calendar year and that in 1949 the total be raised still another 13 1 3 bil lion hon dollars for actual air strength the corn com mission said that by 1942 the U S should command a total of 12 10 first I 1 ne planes plus more than 8 held in reserve although tt it was extremely un likely that the air policy commis sion s recommendations would be adopted in toto by this or any other peacetime congress the report put realistic emphasis where emphasis belonged everyone has been aware that air power is mandatory if the U S is to have any degree of na dional security in an era of feverish atomic bomb production and the commission has succeeded in put ting that awareness on as factual tactual a basis as Is possible now OPEN CITY jerusalem since apparently nothing can stop the quasi civil war between arabs and jews in palestine that coun try s harrasser harr assed government has done the next best thing and re quested both factions to spare die the holy places of jerusalem from any depredations they might carry out the palestine government asked the christian moslem and jewish religious communities to declare je s ancient walled area an open city that plea couldn coulden t stop the blood shed but it could preserve the re legious relics sacred to all three of the world s main religions meanwhile transportation was being made available to evacuate any of the 1500 1 jews still living under arab siege inside the walls they are the remnants of 4 nor mal residents of the area |