Chicago world. (Chicago, Ill.) 1918-????, 1948-06-26
ECONOMIC HICRLICHTS
Happenings That Affect the Dinner Pals
Bills of Every Individual. National
Problems lnseparabIe from local Welfare

Happenings That Affect the
Dinner Pals, Dividend Checks
and Tax Bills Of Every indivi-
dual National and international
Problems Inseparable From Lo-
cal welfare
Even the interminable debate
over u S-U S S r relations
hasn't been able to obscure the
Palestine problem. The once
quiet Holy Land, which used to
seem. almost as remote as
another planet to most Amerl-
cans is now at the core OF the
worlds difficulties. The Warfrae
which is goin on there is not a
localized contest between the
Jews and the Arabs. 1t has an
ominously direct bearing on the
prospects for world peace, and
lor world economci rehabillta-
ton.
The most startling develop
ment in the Palestine Crisis was
President TrumanPs recognition
of the new Jewish state, Israel.
Israel is a tiny and poor coun-
try. and it's population is under
million. 1t cannot sustain IL
sells MI. Turman's recognltlcH
was given with almost unprece-
dented suddenness -israelS gov
eminent was not even complete
ly organized. Their aer grounds
for believing that ne acted
against the advice OF some top
State Department. officials. And
one result Of that action was to
create the first serious cleavage
between us and England.
Britain, once more or less
neutral when it came to Jew
Arab differences, has been sup
porting the Arabs for a consid-
eralbe time. She has supplied
the Arabian states with arms
and other supplies, and her posi-
ton is unequivocal. 1t is now
common knowledge that our re-
cognftion 70 Israel, which, IN
effect, aligned us against Eng
land caused shock followed by
rage in Britain'*s Foreign Of
flee. On the other hand, 1t SEEM
ed to please the Soviet Union,
which is now standing on the
sidelines with watchful eye on
Middle East oil.
Oil, Of course, is what gives
the Jew-Arab war it's worldwide
significance. Of the worlds
known oil reserves, according
to a United States News and
World Report summing up, the
Middle East has more than n
billion barrels out TO a total Of
81 billion. All the plans for
world companies, and, to a less
er extent, the French, have been
carrying on intensive develop
mnt of the fields, building pipe
| lines, etc. The war has imperil-
ed this work. In some sections
construction has been halted en-
tircly, and the danger Of de-
struction of facilities which have
been built sintense.
1t is thus to the interest Of all
the Western powers to bring
| hostilities to a halt as soon as
possible. But, in spite of occas-
ional truces, no workable pro-
gram, acceptable to both Arabs
and Jews, has been offered.
The two races feel burning
! hatred for each other. Both
| sidees regard the conflict as a
holy war, with all the fanaticism
and passionate purpose that en-
| genderS.
The Arabs have an enormous
advantage in numbers and land
area. However, according to mil
itary observers, Trey are temper
amentally unsuited to modern or
ganized warfare. The Jews, on
the other hand, have shown a
definite talent for organization
| Their army and their under
ground are led by men with wide
| combat experience. They seem
! to be well supplied with weapons
and they are schooled in guer-
lila tactics. So they have held
q