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April 28, 1958 – Grabbing At Unemployment – Raising Taxes – Howling Socialism – Floods and Tornados - click on the snippet for a sample,

From Audio: April 28, 1958 – Grabbing At Unemployment – Raising Taxes – Howling Socialism – Floods and Tornados

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station description Past Daily: News, History, Music And An Enormous Sound Archive.
Past Daily: Amazing Historical Concerts & News
Duration: 01:24
The news was about Recession and Unemployment and what Capitol Hill was going to do about it, this April 28th in 1958.

The Unemployment situation in America was looking bleak. And plans put forth on Capitol Hill ranged from increasing unemployment benefits to suggesting loans – opinions on the Unem
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The news was about Recession and Unemployment and what Capitol Hill was going to do about it, this April 28th in 1958.

The Unemployment situation in America was looking bleak. And plans put forth on Capitol Hill ranged from increasing unemployment benefits to suggesting loans – opinions on the Unemployment remedies ranged from calling Unemployment benefits outright Socialism, while others suggested taxing those oil, aircraft and publishing companies who were currently experiencing a financial windfall to pay for the Unemployment increase.

Meanwhile, more news on the Cold War. President Eisenhower asked the Soviet Union to accept the American proposal for inspection against surprise attacks from the Arctic. In writing a letter to Nikita Khruschev, President Eisenhower said the proposal before the United Nations, would be a significant first step in relieving world tensions if it were to be accepted by East and West.

Vice-President and Mrs. Nixon arrived in Montevideo, Uruguay for the first of several South American stops. The Nixons received a warm welcome at Montevideo Airport from a crowd of some 500. So far, so good.

United Steel Workers President McDonald asked for an all-out anti-Recession spending program, during his testimony at the House Banking Committee in Washington. He said it would be a small price to pay for reversing the economic problem. The temporary deficit of some $10 billion was preferable, he felt, to losses of production, profits, dividends, wages and salaries, equal to an estimated $40 billion a year.

Floods and tornados were reeking havoc in Northeastern Texas and Southern Arkansas, with hundreds driven from their homes by torrential downpours of some 12 inches in the previous day.

And that’s a little of what happened on this otherwise calm and peaceful April 28th in 1958, as reported (on this partially destroyed radio transcription disc) by Cedric Foster with his News and Commentary from Mutual.
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complete coverage of all important world events. You want to know what's going on when and where almost as it happens. Stay tuned to your mutual station now. The news, The general question of unemployment still grips. Official Washington for the conflict on how to deal with the recession. Here is Richard Rendell on Capitol Hill. The North South split within the Democratic membership of the House Rules Committee broke out today. That committee considers unemployment compensation legislation. Most Democrats want to give something up to $1,700 million Republicans favor a system of loan chairman Howard smith democratic Virginia calls the bill pure socialism a toll. Another democrat, Ray Madden of indiana, wanted to tax policies towards oil, aircraft and publishing companies, which made possible what he called bananas. And then he said, why not do something for the man out of a job? This is Richard vandal reporting from the capital. President Eisenhower has asked the soviet Union to accept the american proposal for inspection against surprise attacks from the arctic. He was a letter from the key to Khrushchev, in which he said that the arctic proposal filed with the U. S. Would be a significant first step in relieving world tensions if it were to be accepted by East and West Vice President and mrs. Nick.
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