Phase 4 of price controls outlined by Shultz
Treasury Secretary George P. Shultz outlined Phase 4 rules as the Nixon administration aimed to lift the food price freeze with a mandatory 30 day notice for price hikes by large firms, exemptions for small businesses and certain industries, and new ceiling prices for gasoline. The plan targets inflation moderation with minimal supply disruption while maintaining wage guidelines and expanding enforcement bodies.
MENTIONED IN THIS ARTICLE
Nixon
Bethesda Naval Hospital
Secretary of the Treasury
George P. Shultz
White House
Shultz
Cost of Living Council
Internal Revenue Service
What Phase 4 Means To You
AP outlines Phase 4 anti inflation rules with details on food price changes and freezes. Beef remains under March 29 ceilings until Sept 12 while most items free until Aug 12. Health services revert to Phase 3 controls. Economists foresee food price gains below prior 22 percent pace depending on crops.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Kent Nixon
S&H Will Pay Cash For Stamps Across Nation
The Sperry & Hutchinson Co. will pay cash to Green Stamp savers nationwide. Initial full books worth 2 dollars with future value tied to merchandise. FTC provisional consent ends nearly eight years of litigation including a Supreme Court ruling.
MENTIONED IN THIS ARTICLE
Washington
Sperry & Hutchinson Co
Federal Trade Commission
S&h
Supreme Court
FTC
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