Show WEEKLY NEWS ANALYSIS ANALYSIS- U. U S. S Deficit Worries Economists Acheson Favors Token Formosa Aid Cent 75 Wage Floor Now Effective EDITORS EDITOR'S NOTE When opinions are expressed In these columns column they her are those hose of Western Vestern Newspaper Unions Union's news new analysts and not Dot necessarily of or Ibis bis newspaper BIG DEFICIT Some Are Worried The dollar billion year two deficit looming as inevitable for forthe forthe forthe the United States had some ecOnomic economic economic eco ecO- experts in a state of hension Among these was Dr Edwin G. G I Nourse former chairman of the Presidents President's council of ot economic advisers The deficit Dr Nourse indicated has stirred fears of Inflation Inflation inflation in In- and possibly a rising Uncertainty uncertainty uncertainty un un- certainty as to the stability of the dollar itself itsel DR NOURSE who recently resigned resigned resigned re re- re- re signed his chairmanship on the economic economic economic eco eco- council called caned for a specific fic tic and headed hard-headed plan for getting getting getting get get- ting back to the black ink He declared the federal budget could be balanced in a year or two but only if the government practices economy and reduces or defers many of President Truman's programs in the development and welfare areas To objective observers Dr Nourse was ws another voice crying in the wilderness wilderness for for on the basis of ot political results in the past 16 years practice or support of ot economy economy economy econ econ- omy didn't bring many votes when the chips were down THE SENSATIONAL SUCCESS of the late Mr Roosevelt also a great spender of public money money- a program which helped give him four presidential election victories was was bound to loom as a vital lesson lesson lesson les les- les- les son in practical politics On the record the American taxpayer cares less about his governments government's governments government's governments government's gov gov- saving money than he does about its being spent FORMOSA Token Aid According to reliable reports US U.S. State Secretary Dean Acheson was in favor of ot a congressional move to send about 28 million dollars dollars dol dol- lars in economic aid to the Chinese Chinese Chi CM- nese Nationalists in Formosa THE QUESTION which immediately immediately immedi immedi- arose nrose was Why Was it another money-down-a- money rat-hole rat action Another token appeasement appeasement ap ap- ap- ap of those who were demanding demanding demanding de de- de- de manding more and actual aid to Formosa Those were legitimate questions in any attempt to penetrate the maze of ot the intricate foreign pOlicy policy policy pol pol- icy being practiced by the United States Acheson had let it be known most clearly that he feels the Nationalist Nationalist Nationalist Na Na- cause is lost in China and there were many who contended contended contended con con- tended that it wouldn't be he long until the state secretary advocated US U.S. recognition of the Chinese Communist regime If It those things were true why send 28 million good American dollars dollars dollars dol dol- lars rolling helplessly into the path of a Red juggernaut already conceded conceded conceded con con- ceded as sure to roll over all China ACHESON it seemed to most was laying himself himsel open to charges of inconsistency or perhaps even more important willing to play fast and loose with American money money money mon mon- ey for or more time to juggle his highly involved and puzzling diplomatic diplomatic dip dip- concepts At the risk of ot simplification over-simplification it could be contended that there was still hope to stop the Communist Communist Com Corn surge in China or there was not If It not then there seemed little point in wasting further U US U.S. S. S resources In a futile attempt other other- r t nn n wise ii U ED so men Ulen applying o million mu- mu lion dollars to the effort would appear appear appear ap ap- ap- ap I pear as simply a gesture I TAXATION One Billion More Just as nearly everyone expected Mr Truman's tax recommendations were well below what he had stated a n year ago he would ask for when congress convened The first figure was 12 billions What Mr Truman asked for instead was one billion MR TRUMAN'S proposal included Included included in in- both tax cuts and tax increases increases in in- creases but overall it would hike the nations nation's tax tat bill by a billion dollars Eva so there was no ready assurance the President would get that much That he trimmed his tax proposals proposals proposals at all was due to mounting sentiment within his own adminis adminis- ranks that appreciable tax increases would be unwise at this time and that the effort should be toward stimulating business as much as possible rather than retard retard retard re re- re- re tard or discourage It by added tax burdens THE PRESIDENT recommended a cut in excise taxes taxes taxes-as as it had been generally believed he would These would include levies on travel telephone and telegraph bills luggage women's pocketbooks pocketbooks pocketbooks pocket- pocket books furs jewels cosmetics etc This would be done provided loopholes loopholes loop sloop holes In other taxes were closed Mr Truman also proposed a billion billion billion bil bil- bil- bil lion dollar increase in the taxes on corporations big bie estates and gifts gUts As it stood the proposal added up to bad news for tor big business good news for tor small business am and some cheer for wage Th St S. S b i j Recall Asked 4 fl S. S S S 4 S 5 Donald R. R Heath US U.S. minister mInister minister minis minis- ter to Bulgaria has been termed persona non grata by bythe bythe bythe the B Bulgarian u I gar I a n government which has asked that he be re re- called The Bulgarians charge chare Heath received secret government government govern govern- ment information from Traicho Kostov former Cormer deputy premier of Bulgaria who was executed on a charge of treason WAGES Cent 75 Floor The nations nation's new 75 cents an hour wage law is now in effect That means that all workers employed employed employed em em- in interstate commerce or orin orin orin in production of ot goods for interstate interstate interstate inter inter- state commerce must be paid a minimum of 75 cents an hour PRESIDENT TRUMAN hailed the new law as being dictated i by social justice and a step that will bring great and lasting ben ben- Significant however was an almost almost almost al al- al- al most immediate call by certain CIO union leaders for effort to boost the minimum wage to a flat fIat dollar an hour and broadened cov coy coverage coverage under the law IT WAS PERHAPS with these new union demands in mind that President Truman said he had asked labor secretary Tobin to keep me informed on the operation operation opera- opera tion ion of ot the new law Most workers are now making malting more than 75 cents an hour But Butt it t has been estimated that the new minimum will mean wage increases increases increases in in- creases to about 15 million persons persons persons per per- sons more than half hail of ot whom are aren in n the South This is expected to cost employers about million dollars annually NEWS No o Monopoly Since the early days when Reuters Reuter's news agency and the Associated Press were pioneering in the gathering and dissemination of ot news there have been frequent legal egal tangles over the ownership of news and rights of its tion NOW THAT RADIO has invaded the Jie news field it was inevitable that the same same sort of ot argument would v arise over the ownership of radio news and whether one station station station sta sta- sta- sta tion or a chain of ot stations can create a monopoly in broadcasting the news The federal communications commission commission com corn mission ruled that such cannot be bedone bedone bedone done and a n United States court of appe appeals ls has upheld the FCC The court ruled that the FCC may deny a license to a radio station applicant if it finds that approval would tend to create a news oly The court said Monopoly inthe In Inthe inthe the mass communication of news and advertising is contrary to the public interest even if it not in terms prescribed by the antitrust laws THE RULING was in connection with the case of the Mansfield Ohio Journal and the Lorain Ohio Journal whose applications for radio station licenses were turned down by the FCC In rejecting rejecting rejecting reject reject- ing the applications the commission commission commission commis commis- sion ruled the Mansfield Journal used its position in the community to coerce its advertisers to enter into exclusive advertising contracts with the newspaper newspaper The commission added that since both newspapers were owned and controlled by Samuel A. A Horvitz and Isadore Horvitz it took the view that what happened in Mans Mans- j field was indicative of what might occur under similar circumstances in Lorain In appealing to the court the newspapers contended the FCC had gone outside its province and had acted under antitrust laws I Stalled I In the first test of the fair fan employment employment employment em em- practices commission billin bill billIn billin in the current congress President Truman ran afoul of southern- southern led filibuster tactics with his good goodfriend goodfriend goodfriend friend Sam Rayburn leading them Rayburn the administrations administration's own leader in he house twice was able to bar consideration of the bill by giving priority to measures aimed at statehood for Alaska and Hawaii i 4 S t 1 t s-S s VS j. j Io tr tf 2 J. J d I |