Show N NEWS E I 1 VS pt REVIEW ef VIE W slump possible truman T dumall ru mall cite air power need in this season of presidential re ports to the nation the tha alarm bells were jangling for everything from the tha state of the entire world to the frayed condition of john does back pocket and through his semiannual semi annual economic report of the president mr truman sounded the gong ominously on a now new note tho the impend ing peril of economic econ amic disaster in the vi S the nations nation li economy he said lo la operating on borrowed time and in ridden americans are operating on borrowed money in a situation flirting with depression millions of persons in the lower income groups his pointed out now are keeping the inflation carousel whirling by liquidating their sayings savings reducing their current savings savin gsand 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 to consider any possible pos political aspects of the presidents c economic conof file report americans could take it as 3 a solier sober roal realistic picture of what lies a beneath the relative luxury in which many of them are existing now exhaustive and complete the economic survey presented figures no table in that they I 1 showed for the first time that I 1 1 real purchasing power of the american masses basic factor supporting U S economy has declined 8 per cent since the first arst quarter of UW 1046 and that m millions ns of americans americana are living I 1 2 their on their savings accounts and borrowing Vor rowing money almost one ono qua r ter of bf all families and more than one half ot of families earning less than 2 2000 yearly held no liquid asse assets tsin in 1047 1 1 then mr truman tied in these facts with his administrations proposed policy to beat the inflation rap if inflation he said is per to run its own course it will break with destructive force and in order not to let arun it run its own course the president again urged adoption of his antl anti lunation program limited price and ration controls that way ho he indicated lies a new greater economic era tor for the U S embodying maximum employment and ancl solid and lasting prosperity AIR STRENGTH I 1 AW aday 1953 how important lit hi it that the U S have a potent efti efficient clent air force virtually a matter of ufa life or beati thinks tho the presidents air policy commission which recently reported on the status of the nations air strength f immediate and substantial enlargement lar of the air force for survival in the air age was urged by tho the commission and january 1 1053 was sot set as aday A day or the ultimate date when the U S might con aider si d 0 r itself 1 t self relatively rel lively secure against I 1 atomic attack after aday A day the die commission intimated it will be ball I 1 game as far as n airborne atom bombs are conc concerned ernid the air force la Is hopelessly wanting in re of the future when a serious danger of atomic attack wi will 11 exist on that premise the group recommended that the tha government start now to spend on tho the air force in 1948 13 13 billion dollars more than the billion currently scheduled for this calendar year and that in 1949 the total be raised still another 13 billion dollars for actual air strength the commission said that by 1942 the U S should command a total of 12 10 first line planes plus more than held in reserve although it was extremely unlikely that the air policy commissions recommendations would be adopted in ditoto 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 i to have tiny any degree of national security in an era of feverish atomic bomb production and the commission has succeeded in putting th that a t awareness on as tactual factual a basis as is possible now OPEN CITY Jerus jerusalem aleI since apparently nothing can stop the quasi civil alvil war between arabs and jews in palestine that coun arys harr harrasser harrass assed cd government ha has done the next best g and ie requested both factions to spare 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 rusa ru lemli ancient walled area an aop open en city that plea stop the bloodshed but bui it could preserve the religious relies relics sacred to till all three of the worlds main maln religions meanwhile transportation was being made available to evacuate any of the 1500 jews still living under arab siege inside tile the walls they are thi th remnants of normal resident reden tp of the prea area which way judea V aleshe head of the pal estine Agen cys political department now in the role of liaison to IT N ponders one of the many enigmas partition of tile holy idoly land has thrust upon him ile ho said the jewish adeney abon would ask U N for or an international police force arms and funds to enforce tho the partition agreement |