July 3, 1954
The federal minimum wage stood at $0.75/hr that summer of 1954, and the Dow Jones sat at 404 — the U.N. formally returned administration of a war-evacuated region north of the 38th Parallel to South Korea, a sign that the peninsula was slowly transitioning back to civilian governance two years after the armistice. On television, "I Love Lucy" remained the top-rated show in the country, while at the movies, audiences were lining up to see "The Caine Mutiny," and Kitty Kallen's "Little Things Mean a Lot" was the song playing on nearly every radio. On July 31, Italian mountaineers Lino Lacedelli and Achille Compagnoni reached the summit of K2 in the Karakoram range, becoming the first people in history to stand atop the world's second-highest mountain.
On the cover
Magazine Covers — July 3, 1954
NY Times Headlines — Week of July 3, 1954
Guatemala Chiefs Vow To Fight Reds; New 5-Man Junta To Choose President Within 15 Days -- Pledges Elections Later Guatemala Chiefs Vow To Fight Reds
Jerusalem Firing Ends With 8 Dead; Arabs And Israelis Silence Guns -- Peace Pleas Widen Jerusalem Firing Ends With 8 Dead
Churchill Holds Red China'S Entry In U. N. Inevitable; Eden Also Sees Rising Demand For Seating If French Gain Settlement In Indochina Johnson Issues Warning Democrat Supports Knowland But 3 Senators Score Talk Of Quitting World Body Red China In U. N. Seen By Churchill
Pentagon Weighs Cut In Aid To Bar Indochina 'Dunkirk'; Pentagon Weighs Halt In Arms Aid
President Opposes Red China In U. N.; Wary On U. S. Exit; Denouncing Peiping Regime, He Pledges To Fight To Last To Prevent Seating It Backs Knowland Partly Would Weigh Withdrawal If Question Arose -- Senators Plan Compromise Policy Eisenhower Bars Red China In U. N.
World Events — July 1954
Time Person of the Year — 1954
On the radio
Billboard Charts — July 3, 1954
On the bookshelf
On the television
Nielsen Top 10 — 1953–54 Season
Emmy Winners — 1954
At the movies
Box Office & Oscar Winners — July 3, 1954
On the field
Sports Champions — July 3, 1954
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