Nixon lifts most wage price controls new voluntary guidelines
President Nixon ended most mandatory wage price controls except for food and health. He seeks Congress to extend standby authority through April 30 and establish a largely voluntary system aiming to cut inflation to 2.5 percent by year end. Dow rises on the surprise move as critics warn of possible price hikes while supporters praise free enterprise.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
Chicago
John R. Kernodle
American Medical Association
Allied
Wright Patman
D-Tex
House Banking Committee
Patman
Jacob K. Javits
R-N-Y
Gerald R. Ford
Michigan
Hugh Scott
Pennsylvania
Ben Rosenthal
D-N.y
Price Commission
Jackson Grayson
Afl-Cio
George Meany
Labor Management Advisory
Meany
Pay Board and Price Commission
Cost of Living Council
John T. Dunlop
Harvard University
New rules relax controls on most businesses
The Cost of Living Council says price increases need no prior approval except in food and health services. Firms must justify rises with legitimate costs and keep margins near the average of the best two of the last four years. IRS will monitor wages and prices with a 5.5 percent voluntary standard. Large companies and unions must report quarterly wage, price, and profit data. mid sized firms keep records.
MENTIONED IN THIS ARTICLE
Washington
Cost of Living Council
Internal Revenue Service
Massillon Strike Ends With 24 Cent Wage Raise
Massillon city workers resume duties after a five day strike by Local 996 AFSCME 48 members. The council approved a 24 cent hourly raise ending the work stoppage Thursday night. Lukens aims for 1974 GOP nomination.
MENTIONED IN THIS ARTICLE
Massillon
Massillon, Ohio
American Federation of State
Taft seeks ruling on tax credits case facing parochial schools
Senator Taft asks the Supreme Court to stay a federal order finding Ohio tax credits for parochial school parents unconstitutional. He warns the stay could trigger school closings and burden the public system. OCSEA pushes Ohio to pay about 5 million in back wages after lifting federal wage restrictions.
MENTIONED IN THIS ARTICLE
Taft
Washington
Sen
Robert Taft Jr
U.S. Supreme Court
Ohio
OCSEA
Columbus, Ohio
Ohio Civil Service Employes Association
Clara Ward Suffering Stroke At UCLA Medical Center
Gospel singer Clara Ward remained in critical condition at UCLA Medical Center after suffering a stroke, her second in four weeks, with doctors monitoring her condition closely and state medical staff providing updates.
MENTIONED IN THIS ARTICLE
Clara Ward
Los Angeles
Ucla Medical Center
Enside Classified Comics Editorial
Obituaries and sports brief items appear amid theater and television listings. The snippet shows sections titled Classifieds Editorial Obituaries Sports Television Theaters Women and minor cryptic notes. The readable parts indicate a local newspaper format with short notices and notices.
Student Reveals Meetings At Trial In Watergate Case
Utah college student Thomas Gregory testified at the Watergate trial that weekly meetings with E. Howard Hunt yielded intelligence reports on Democrats in exchange for envelopes of money. Gregory said he spied on Muskie and McGovern, funded by a man calling himself FE L Warren who Hunt identified. Hunt pleaded guilty to conspiracy burglary and illegal wiretapping in the Democratic headquarters break-in.
MENTIONED IN THIS ARTICLE
Washington
Utah
White House
E. Howard Hunt
Thomas Gregory
Brigham Young University
Edmund S. Muskie
George McGovern
Gregory
FE. L. Warren
Provo
Muskie
Warren
Hunt
National Democratic
Watergate Complex
U.S. Dist
John Sirica
Nixon
Security Tightened At Saigon Command Following Bomb Threat
In Saigon the U S military command restricted access to Tan Son Nhut Air Base after intelligence warned that Communist terrorists might target the headquarters. Vehicle checks and searches were stepped up amid reports of planned attacks around Christmas or New Year’s.
MENTIONED IN THIS ARTICLE
Tan Son Nhut Air Base
Saigon
U.S
Hanoi- Haiphong
Kissinger Tho Hold Fifth Round of Paris Peace Talks
In Paris Kissinger and Le Duc Tho meet for the fifth time in an intensive round of secret peace talks. They roam between a Communist villa in Gif sur Yvette and an American house in St Nom la Bretache as dense fog and new snow delay the session.
MENTIONED IN THIS ARTICLE
Paris
Henry A. Kissinger
le Duc Tho
Nixon
Gif Sur Yvette
St Nom la Bretache
Tial
Kissinger
Grain elevator backup worsens with railroad car shortage
Ohio grain elevators close as cars are too few to move harvests. Greenleaf of the Ohio Grain, Feed and Fertilizer Association says shipments to the Soviet Union tie up trains. Bower notes only some elevators use hundred car trains, leaving others without capacity. Farmers face piling corn and soybeans as freezing weather delays field work and elevators fill up. The ICC and railroads acknowledge the crisis and seek solutions.
MENTIONED IN THIS ARTICLE
H. J. Czerniejewski
Associated Press
Columbus, Ohio
Greenleaf
Dick Powers
Manger
Pickaway Grain Co
Circleville
Soviet Union
Bower
Ohio
Bowers
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