Nixon seeks swift passage of economic package amid labor opposition
President Nixon pressed congressional leaders from both parties to back his economic program including repealing the 7 percent auto tax, a 10 percent investment tax credit, and expanding personal exemptions retroactive to his Sunday night address. Treasury head Connally said Congress may not be recalled early, with actions expected upon return. Labor unions, led by George Meany and other officials, opposed the plan, warning it favors business while workers sacrifice.
MENTIONED IN THIS ARTICLE
Washington
Nixon
White House
Congress
Treasury
John B. Connally
Wilbur D. Mills
D-Ark
House
Ways and Means
Senate
Mike Mansfield
Carl Albert
Southeast Asia
Manila
Hugh Scott
George Meany
Afl-Cio
Connally
Local schools weigh impact of 90 day wage price freeze
Area officials face uncertainty as the 90 day wage and price freeze looms. Questions arise about Aug 14 deadlines for salary hikes and college billing changes. Williams College delays action on a 230 tuition rise noted in July bills sent before the inflation measure took effect. See BENNINGTON Page 14, Col.3.
MENTIONED IN THIS ARTICLE
Nixon
Berkshire Eagle
Williams College
Bennington
Washington
U.S
Ellsberg
Yankee may seek low power operating license for tests
Vermont Yankee Nuclear Power Corp may ask the Atomic Energy Commission for a low power license to test the Vernon plant as a step toward full operation. Officials hope to run at half capacity by December and reach full 540 megawatts after about three years, but legal hurdles loom.
MENTIONED IN THIS ARTICLE
Yankee
Vernon
Vermont
Yankee Nuclear Power Corp
The
Atomic Energy Commission
Vermont Atomic Plant
Vermont Yankee
Atomic Safety and Licensing Board
Albert A. Cree
Cree
Tuition hikes to take effect under price freeze
United Press International reports fall tuition increases will proceed despite President Nixon’s 90 day price and wage freeze. Unclear if teachers can still receive negotiated raises as jurisdiction over state and local pay is hazy. Boyle seeks raises to 50 dollars a day in a contract ending Sept. 30. Wall Street cheered with a record stock advance as Nixon golfed with Secretary Rogers.
MENTIONED IN THIS ARTICLE
Nixon
Treasury
Boyle
Wall Street
William P. Rogers
Railroad Steel and Communications Industries
United Transportation Union
A. Treasury
John B
Connally
Market Surges on Records As Monday Dazzles Wall Street
New York stocks posted another day of gains with big volume and broad advance. The Dow rose to 890.41 early trading, up about 1 percent, while 1,503 issues advanced and 107 declined on the NYSE. IBM surged, others like Standard Oil of New Jersey and General Electric gained, Burroughs fell. Volume on Monday reached a record 31,730,000 shares as traders rented momentum.
MENTIONED IN THIS ARTICLE
New York
UPI
Dow Jones
Standard Oil of
New
Jersey
IBM
Control Data
Westinghouse
General Electric
Burroughs
Wall Street
New York Stock Exchange
NYSE
Market gains on Monday as low optimism about economy remains
The Amex index rose 0.54 to 25.13 while volume surged with 8,620,000 shares traded. GM and Ford did not open amid frenzied orders. Chrysler climbed $4.38 after a late start. Other gainers included Corning Glass 16.50, Burroughs 12.13, Texas Instruments 11, Du Pont 5.13, Polaroid and Memorex 5.38. Major gains also seen in GE, Sperry Rand, UAL, US Steel, Standard Oil of New Jersey, Eastman Kodak. Analysts noted Nixon's new policy addresses inflation, dollar weakness, and slow recovery, with Rockefeller cautioning temporary relief amid mixed signals.
MENTIONED IN THIS ARTICLE
General Motors
Ford
Chrysler
Corning Glass
Burroughs
Texas Instruments
du Pont
Polaroid
Memorex
General Electric
Sperry Rand
UAL Inc
US. Steel
Standard Oil of New Jersey
Eastman Kodak
Nixon
Wall Street
David Rockefeller
Chase Manhattan Bank
Ellsberg plans next year trial based on public's right to know
Daniel Ellsberg will delay trial until next year and mount a defense rooted in the American public's right to know the Pentagon Papers. He says revelations remain to be disclosed, with about 7,000 pages left. Ellsberg hopes the Papers will soon be published in full.
MENTIONED IN THIS ARTICLE
Ellsberg
U.S
Los Angeles
UPI
Daniel Ellsberg
Pentagon
Anthony J. Russo
Russo
Vietnam
Elisberg
Inside Outlines of 1972 Car Prices and Draft Humor
A compact weekly item notes last year’s price tags on 1972 American made cars, with Russell Baker’s bitter humor about the draft supplying cheap labor Uncle Sam doesn’t need. Other briefs mention lottery states lobbying to ease airwave announcements, diploma sales in Florida tightening, and high salary suspensions for athletes. The Red Sox face pennant-related uncertainty as they discard prior assumptions.
MENTIONED IN THIS ARTICLE
Russell Baker
Uncle Sam
Florida
Red Sox
Wage price freeze broad and detailed impact explaineN
The guide explains a 90 day wage and price freeze under President Nixon. It covers wage caps, retroactive pay prohibitions, promotions, merit raises, and contract timing. It notes limited exceptions for raw agricultural prices and rents, with enforcement by the Office of Emergency Preparedness and possible legal action for violators.
Also Mentioned on This Page
W. A
Tony” Boyle
United Mine Workers
Secretary of the Treasury
John Connally
Pittsfield
Mass
Bulletin
United Press International
American Stock Exchange
United States
Gus
Rand Corp
Santa Monica
David E. Rosenbaum
N.Y
Times News Service
Office of Emergency Preparedness
Justice Department
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