July 27, 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 27, 1954
NY Times Headlines — Week of July 27, 1954
London And Cairo Initial Suez Pact For Britain'S Exit; 80,000 Troops To Leave In 20 Months, Ending 72-Year Military Occupation Base To Be Reavailable West To Use It If Turkey Or Arab States Are Attacked -- 7-Year Maintenance Set London And Cairo Initial Suez Pact
Rhee Bids U. S. Join War On Red China; Urges Congress To Permit Navy And Planes To Back 2,000,000 Asian Soldiers Rhee Bids U. S. Join War On Red China
Soviets Navy Bids For Sea Mastery, A Nato Chief Says; Admiral Wright Tells State Legion Strong New Forces Confront Atlantic Defense Life Lines Threatened Fleet Head Puts Reliance On 'Team' Of Allies -- Wagner Asks Foreign Policy Unity Soviet Said To Bid For Sea Mastery
World Events — July 1954
Time Person of the Year — 1954
On the radio
Billboard Charts — July 27, 1954
On the bookshelf
On the television
Nielsen Top 10 — 1953–54 Season
Emmy Winners — 1954
At the movies
Box Office & Oscar Winners — July 27, 1954
On the field
Sports Champions — July 27, 1954
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