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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 23, 1971
Page
1
The Price Commission approved a 2.5 percent automatic rent increase for residential landlords with possible rollbacks in individual cases and projected average rent hikes next year at 3 to 3.5 percent. The panel also signaled a 7 percent ceiling on future raises and potential rollbacks if deemed unreasonable.
The families of two Virginia soldiers missing in Vietnam for years learned they are alive. Maj. Floyd Kushner of Danville and Spec. 5 Julius Long Jr. of Pulaski were listed as Viet Cong prisoners in Paris by representatives in Hanoi. Kushner’s wife described a brief Christmas letter from him. Long’s relatives confirmed the radio report, noting the parents are upset yet relieved.
Washington reports indicate the Price Commission may approve a 2.5 percent rent hike with potential increases to 15 percent in some cases while new rules could force rollbacks. The Pay Board questions whether raises over 7 percent will be allowed amid a board challenge from business members. Page 1.
Veterans and families celebrate after reports that several servicemen listed as missing for years in Vietnam are alive. Officials confirm rescue and return plans, noting relief and renewed hope for deserters and prisoners of war.
The stock market logged its first setback in six sessions on Wednesday as investors booked profits amid active trading.
The Bluefield Community Christmas Tree party nears launch as Wednesday’s $177 brings total donations past $7,000. The noon Friday event at Ramsey Auditorium will serve 1,500 underprivileged children with Santa delivering a new toy to each child, plus Yuletide trimmings. WHIS-TV’s Scoop and Snoop and the Swing Kings perform before Santa arrives.
A green Christmas tree trend returns, prompting speculation about what comes next in household decor and gadgets. Critics weigh the revival against modern design and sustainability concerns, noting how retro ornaments gain renewed popularity.
The Bureau of Labor Statistics reports a 0.2 percent CPI rise in November, unchanged from October, easing inflation as the Nixon wage price freeze ends. Labor Secretary Hodgson notes 1.7 percent rise during the freeze period, while White House officials anticipate possible December and January upticks. Lower gasoline and used car prices offset higher taxes, vegetables, homes, and apparel costs. earnings slip 74 cents weekly to $128.74, driven by a 2 cent hourly decrease.
The U N General Assembly elected Austrian diplomat Kurt Waldheim to succeed U Thant as secretary general with oath taken immediately. Waldheim, 53, will assume the post January 1 and pledged an impartial, imaginative administration. The session also approved a 1972 budget of 213 million dollars, about 11 percent above 1971.
President Nixon signed new economic stabilization legislation extending the wage and price controls through April 30, 1973. The measure preserves standby authority and clears contracts affected by the 90-day freeze, while promising lower living-cost increases and signaling cautious pace toward eventual pay raises for federal workers.
In Moscow a rush forms at makeshift tree stalls as shortages push prices and profits for illegal tree sellers. Officials estimate underground sales could reach 3 to 4 million rubles, roughly $4 million, while state deliveries fall far short of demand.
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