STATE OF BUSINESS: Ahead of the Dream
As 1950 began, President Truman, in a chesty mood, told Congress that in five more years the U.S. might well be turning out $300 billion worth of goods and services, as against the January 1950 level of $253.8 billion. But the U.S. economy was growing faster than even the President dreamed. Last week the Commerce Department reported that the gross national product had soared to an annual rate of $284.3 billion in the third quarter.
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WHITE HOUSE OFFICIAL, on a Nigerian man who tried to ignite an explosive device aboard a Northwest Airlines flight to Detroit Friday; officials say he wanted to bring the plane down but his attempt failed
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