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What's wrong with the U.S. press? With circulation and ad revenue at a peak, few editors and publishers seem to be in any mood for selfcriticism. But last week, in the Saturday Review, Editor Louis B. Seltzer of Cleveland's afternoon Press (circ. 309,685), one of the country's top journalists, found plenty wrong with newspapers...
...nasty slash of paradox defaces this pretty picture: though membership of the American Federation of Musicians last week stood at an alltime peak of 256,000, there are fewer jobs for U.S. musicians every month...
...world's biggest steelmaker, the blast furnaces never blazed higher. In the first three months of 1956, U.S. Steel Board Chairman Roger M. Blough reported sales of $1.1 billion, a record for any quarter, while earnings of $104 million, up $32 million, touched off a first-quarter peak. But with the expanding good times came an issue for hot debate in the industry: should steel prices be boosted in 1956? As far as Big Steel's Chairman Blough, whose company is the industry's traditional price-setter, was concerned, the answer was no. Though heavy wage demands...
...last week, despite the peak popularity of their product, U.S. cattlemen were in the dumps. In the Kansas City stockyards, beef on the hoof sold for $14.50 a hundred pounds, near the lowest point in a decade and about 50% less than four years ago. Said Jay Taylor, past president of the American National Cattlemen's Association: "Plenty of cattlemen are going broke." Undoubtedly many ranchers who jumped in to make a quick killing when prices were sky-high were being hamstrung. But many veteran cowmen were still making money, although, as a group, ranchers were just about breaking...
Died. Charles Muggeridge, 20, son of Malcolm Muggeridge, editor of Britain's famed humor magazine Punch; after he was hurled 300 yds. down a rocky face of Peak Brévent by an avalanche while on a skiing trip; near Chamonix, France...