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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Jun 13, 1973
Page
1
President Nixon set to unveil a major program to combat the worst inflation in over two decades. Administration sources describe the plan as a firm but moderate operation with wage price controls likely to be tightened and additional anti inflation measures expected.
Officials debated possible selective price ceilings in inflation‑hit industries while a broad wage and price freeze appeared unlikely. The new program was to emphasize a tough enforcement policy within Phase 3 wage‑price controls after days of intensive advisory sessions with President Nixon and his economic team.
Paris AP Henry Kissinger and Le Duc Tho opened talks to tighten enforcement of the Vietnam peace pact with a formal signing planned later. The four party ceremony will include United States North Vietnam South Vietnam and the Provisional Revolutionary Government of the Viet Cong.
Administration sources say a price option is considered to curb the surge. Nixon met advisers for 90 minutes on Tuesday as prices rise at the fastest pace since 1951. Congress, led by Senate Democrats, pressures for stricter controls, while Republican senators vote 22 to 8 on a related measure.
A luncheon backing selective controls and a wage price freeze faces GOP momentum. Republicans won a delay on Sen. Proxmire’s 90 day freeze plan, while officials expect the president to challenge recent price increases in steel and copper to bolster the price control program.
Sources say the administration debated flexible export controls to boost domestic supplies and lower prices despite higher world market costs. Inflation indicators show consumer prices up 9.2 percent January to April, food rising 25.4 percent, with wholesale prices up 2 percent May.
Former Commerce Secretary Maurice H. Stans testified that he learned six weeks ago about a man named Tony who relayed $75,000 from Nixon’s political operation to pay the Watergate defendants’ legal fees. He said the money went to Herbert Kalmbach for a White House project, and he did not know Tony’s last name. Stans denied advance knowledge of Watergate and described a separate $1 million discretionary fund concept noted in a July 1971 memo.
The airline industry announces a purchase exceeding four million dollars for low dose X-ray machines to screen carry-on baggage. The move aims to speed security checks and ease FAA procedures amid talks to modify antihijacking rules. W Blake Thompson of Allegheny Airlines says the units inspect luggage in one to three seconds and detect simple explosive wires without harming film or tapes. The two day conference, led by the Air Transport Association, includes FBI FAA Canadian officials and airport operators council representatives.
Apollo era astronauts Charles Conrad Jr Joseph Kerwin and Paul J Weitz planned a Disney World survey as part of an earth resources test in Florida Their 28 day Skylab mission includes medical and solar observatory experiments A Brevard County focus aims to compare data from two sensor planes with Skylab findings while tests explore space manufacturing prospects through materials processing and vacuum weightloss potential.
Independent chains report a moonlight gasoline market at the local wholesale level. Distributors pay premiums to jobbers to obtain supplies as major oil companies curb allocations. Officials say the practice is not illegal but part of a seller's market and has tightened supplies for independents.
Washington AP reports many 18 year olds still fail to sign up for Selective Service. Director Pepitone notes nonregistrants range 0 to 30 percent across states, with higher rates in Chicago and the West. The law requiring registration stays in force, and a nationwide campaign with posters and local registrars is planned to boost compliance.
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