OEP Clarifies Freeze Rules Amid Food Price Confusion
The Office of Emergency Preparedness detailed how raw foods like fruits vegetables and other commodities are exempt from the Nixon price freeze while processed items such as milk bread and beef remain frozen. Officials sparred over whether the 90 day wage freeze applies to state and local workers with conflicting statements leaving pay raise questions unresolved as Nixon promotes his plan.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Tokyo
Paris
Office of
Emergenc Preparedness
OEP
Cost of Living Council
Nader questions Nixon price freeze and policy aims
Ralph Nader voices guarded support for Nixon’s 90 day economy freeze but criticizes the plan as error laden and unlikely to aid the average worker. He warns of a 10 percent tariff move hurting the poor, questions enforcement, and calls for across the board freezes plus tax cuts for the poor and stronger antitrust actions.
MENTIONED IN THIS ARTICLE
Springfield
Ill
UPI
Ralph Nader
Nixon
Nader
Bennington board of listers faces abolition push at BCA meeting
At a county courthouse gathering the Bennington area discussed abolishing the elected three member listers board. Selectmen Campbell Frasier and Carroll urged appointing town hired assessors after a full reappraisal. The plan, backed by town officials, would require a charter change approved by voters.
MENTIONED IN THIS ARTICLE
Bennington
Bennington Board of Civil Authority
BCA
Listers
J. Duncan Campbell
Edward Frasier
Joseph Carroll
South Street
Frank J. Hogan
Essex
South
Burlington
Winooski
Edward R. Lamb
Sisters
Campbell
Frasier
Carroll
Alexander B.R. Drysdale
John Stone
Paul Sheridan
Stone
Sheridan
Selectman
J. C. Jerome
Jerome
Norton Barber
Board of
Barber
Frank Hogan
Richard Sleeman
Richard Ralph
Sleeman
Bennington Taxpayers Protective Association
BTPA
Raymond Murray
Selectmen
Markets rallytempers profit take amid Dow jump toward 1000
New York traders benefited from a two session stock surge while profits were taken at the open as the Dow Jones Industrial Average slipped briefly and volume hit high levels. GM moved to 85% after earlier gains while most auto stocks led losses. Analysts cautioned about further gains but saw potential above the 1,000 mark later in the year. The Dow closed at 899.90 with cautious notes from industry observers.
MENTIONED IN THIS ARTICLE
New York
UPI
General Motors
New York Stock Exchange
Dow Jones Industrial
Chrysler
Monte Gordon
Bache & Co
Lucien Hooper
W. E. Hutton
Gordon
Bache
Ford
American Motors
Walter P. Stern
Burnham & Co
Common Market avoids retaliation over U.S. dollar move
The European Common Market ruled out retaliatory steps against the United States in response to American economic policies and the dollar’s float. The dollar’s unofficial devaluation ranged from 2 to 10 percent in Europe and 4.1 percent in Hong Kong, a key Asian financial hub.
MENTIONED IN THIS ARTICLE
United Press International
U.S
Europe
Hong Kong
Asian Financial Center
United States
Commission
Nixon
GATT
Geneva
Paris
London
Zurich
Witten critics Nixon plan as too late to stem war
Rep. R. Marshall Witten of Bennington condemned President Nixon's economic package as too late to aid the economy without equally bold steps to end the Vietnam War. He argued U.S. spending in Southeast Asia fuels the crisis, calling the war a major misstep and a drain on resources. The piece also notes currency moves and market reactions in Europe and Asia amid the administration's policy shifts.
MENTIONED IN THIS ARTICLE
Vietnam
U.S
Southeast Asia
Inside Ford resists price cuts amid freeze and debate
Inside Ford balks at lowering prices though a price freeze prompts reconsideration. The column notes the tension between maintaining value and responding to market pressure, with readers offered a glimpse into corporate pricing strategy amid the era.
Education Board denies firing Oakey amid reorganization turmoil
Montpelier Vermont UPI reports the state Education Board denied firing Education Commissioner Joseph Oakey while again tabling his deputy commissioner nomination. The board backed Oakey and his department reorganization, and Hood may withdraw his candidacy after board criticism over consultation. Oakey apologized for misjudging board participation and will re-evaluate the plan.
MENTIONED IN THIS ARTICLE
Oakey
37 Die as U S Army Chinook Helicopter Crashes
In Pegnitz Germany a U S Army Chinook helicopter exploded and crashed killing 37 aboard with no survivors. The craft carried 33 soldiers and 4 crew from Ludwigsburg to a training area in upper Bavaria and went down near Pegnitz between Pegnitz and Michelfeld.
MENTIONED IN THIS ARTICLE
Pegnitz
Germany
UPI
U.S. Army
Heidelberg
Europe
Ludwigsburg
Stuttgart
Upper Bavaria
Michelfeld
Nuernberg
Berlin-Munich
Army
56Th Artillery Brigade
Guenther Boehmer
Neudorf
Boehmer
Welfare cutback looms in Vermont budget squeeze
Vermont faces major social welfare cutbacks next year as budget pinch grows. Human Services Secretary William Cowles says $6.5 million is needed to maintain current program levels in fiscal 1973, with most requested by Social Welfare Commissioner Joseph Betit. He notes no plan to cut Medicaid or Aid to Needy Families with Children, though options may be forced. Cowles also creates an Office of Child Development and names Dr. Joan Babbott as director.
Also Mentioned on This Page
Freeze
American Express
Nader Sand
Selectmen Meeting
State Department of Taxes
Lister
Common Market
Witten
Georges Pompidou
Norway
Sweden
Finland
Iceland
Denmark
Stockholm
Brussels
Ralf Dahrendorf
Pete Horton
James Reston
China
Japan
Knights of Columbus
Shaftsbury
Chuck Shafer
Education Board
Kenneth Hood
UPS
Habor
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