August 9, 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 — August 9, 1954
NY Times Headlines — Week of August 9, 1954
3 Balkan Nations Sign 20-Year Pact For Military Aid; Treaty Commits Yugoslavia, Turkey And Greece To Act At Once On Aggression Link To Nato Is Implied Political Unity Is Provided -- Three Power Assembly Foreseen By Signatories 3 Balkan Nations Sign 20-Year Pact
Senate Approves President'S Plan On Farm Support; Chamber, In 49-To-44 Vote, Accepts House Measure For Flexible Props Dairy Rise Is Rejected Administration Gains A 2d Victory As Present Parity System Is Retained Senate Endorses Farm Prop Plan
Senate Votes Bill Giving President His Farm Program; Flexible Prop Plan Is Passed Overwhelmingly, 62 To 28 -- Goes To Conference
Eisenhower Bars Preventive War; Hopeful On Peace; Says U. S. Interests Will Not Be Served By Severing Relations With Soviet Insists U. N. Must Stay President Points To Ending Of Conflicts And Mideast Accords As Good Signs Eisenhower Is Hopeful On Peace; He Opposes Preventive-War Idea
U.N. Command Gives South Korea Rule Over A War-Evacuated Area; Military Ends Administration Of Settled Region North Of The 38th Parallel U. N. Command Gives South Korea Rule Over A War-Evacuated Area
World Events — August 1954
Time Person of the Year — 1954
On the radio
Billboard Charts — August 9, 1954
On the bookshelf
On the television
Nielsen Top 10 — 1953–54 Season
Emmy Winners — 1954
At the movies
Box Office & Oscar Winners — August 9, 1954
On the field
Sports Champions — August 9, 1954
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