Show NEWS RE REVIEW HE W slump possible truman il ruman cite air power need in this season ol of presidential re ports to the nation the alarm bells were jangling lor for everything from the state of the entire world to the frayed condition of john does back pocket and through his semiannual semi annual economic report ot of the president mr truman sounded the gong ominously on a new note the impending peril ol of economic disaster in the U US S the nations economy he be said Is operating on borrowed time and in ridden americans are operating on borrowed money in a situation flirting with depression millions ot of persons in the lower income groups his bis report pointed out now are the inflation carousel whirling by liquidating their savings reducing their current savings and by extensive use of consumer credit such use of savings for current living expenses is an ominous sign for the economy as a whole without slopping ping to cot consider isider any possible political aspects of the presidents economic report americans could take it as a sober realistic picture of what res lies beneath the relative luxury in which many of them are existing now exhaustive and complete the economic survey presented figures notable in that they sh showed 0 w ed for the first time that re real a 1 purchasing power of the american masses basic factor supporting U S economy has declined per of 01 1946 1046 and that millions of americans are living 2 on their thear savings accounts and borrowing money almost one ter of all families and more than one half of families earning less than 2000 yearly held no liquid assets in 1947 1047 then mr truman tied in these facts with his administrations proposed policy to beat the inflation rap 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 inflation program limited price and ration controls that way he indicated lies a new greater economic era for the U S embodying maximum em employment ploy and solid and lasting pros AIR STRENGTH A AW day 1953 how important is it that the U S have a potent efficient air force virtually a matter of life or dealt thinks the presidents air policy commission which recently reported on the status of the nations air strength immediate and substantial enlargement lar gement of the air force tor for survival in the air age was urged by the commission and january 1 1853 1953 was set as aday A day or the ultimate date when the U S might consider itself relatively secure against atomic attack after aday A day the commission intimated it will be hall ball game as a far as a airborne ft borrie atom bombs bomb are concerned the air force is hopelessly wanting in respect of the future when a serious danger of atomic attack will exist on that premise the group recommended reco m that the government sta start ri now to spend on the air force to in 1948 13 billion dollars more than the billion currently scheduled for this calendar year and that in 1849 1949 the total be raised still another 13 billion dollars for actual air strength the commission sal said d that by 1942 the U S should command a total of 12 10 first line planes plus more than held h did in reserve although it was extremely unlikely that the air policy commissions recommendations would be i 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 13 to have of na lional security in an eri era of feverish atomic bomb production and the commission has succeeded in putting that awareness on as factual a basis as Is possible now OPEN CITY fe jerusalem since apparently nothing can stop the quasi quail civil war between arabs and jews n i palestine that coun arys harrasser harr assed government has done dona the next best thing and requested both factions to spare the holy places of ip jerusalem from any depredations they might carry out the palestine government asked the christian moslem and jewish religious communities to declare je ru ancient walled area an open city that plea stop the blood shed but it could preserve the religious relies relics sacred to all three ot of the worlds main religions meanwhile transportation was being made available to evacuate any of the 1500 jews still living under arab siege inside the wa walls I 1 Is they are the remnants ot of normal residents of the area |