What happened on February 5, 1954?

Headlines from February 5, 1954

• ✈️ Jet Airliner Discounted – U.S. airlines are advised to favor turbo-compound engines over jets for the next few years, according to Curtiss-Wright's Hurley.
• 🏈 Bryant Joins Texas A&M – Football coach Bryant leaves Kentucky to accept a six-year contract with Texas A&M, despite having nine years left with Kentucky.
• 🇮🇳 India Shelters POWs – India agrees to shelter 90 Korean prisoners of war as a neutral commission decides their fate.
• 🏭 Factory Sales Hit High – U.S. factory sales reach a record $303 billion in 1953, marking a 10% increase despite a mild dip in December.
• 📈 Trade Loans Increase – Trade loans at banks rise by $36 million, marking the first increase in 1954 as purchases of crop loan certificates grow.
• 🎨 U.S. Art Displayed – A gallery showcases 19th and 20th-century American oils and watercolors, featuring notable portraits.
• 🏗️ Karachi Housing Initiative – Karachi begins providing rent-free housing for refugees, marking a significant step in addressing homelessness.
• 👑 Australia House Opens – Queen Elizabeth opens the Australia House in New South Wales, becoming the first ruler to do so.
• 📊 Stocks Soar Again – U.S. stock markets rebound, reaching levels not seen since March, with significant gains in oils, rails, and aircraft sectors.
• 🎭 Embassy Concert Held – Western diplomats attend a concert at the Soviet embassy featuring operatic and ballet performances.