Nixon freezes most prices for 60 days in surprise move
President Nixon announced a 60 day price freeze on all consumer goods except wages rents interest dividends and farm inputs and warned an exacting Phase 4 control system would follow by August 12 to stabilize retail food and gasoline prices. Congress support mixed with Republicans backing the plan and economists divided on its effectiveness.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
William Proxmire
Dwis
Joint Economic Committee
Senate
House
Gerald R. Ford
Alaska
Answers to Nixon price freeze Q&A details
Washington AP outlines key questions about President Nixon's nationwide price freeze. It covers duration up to 60 days, coverage of retail and wholesale prices, farm exemptions, impact on middlemen, plans for export controls on feed grains, future meat export considerations, enforcement by the Internal Revenue Service, eligibility for exemptions, and required posting of freeze price lists for all commodities and services.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
Nixon
Congress
Washington
Commerce Department
Plan to Resurface Highways Through Revenue Shifts
State leaders devise a rough plan to fund road resurfacing without new gas taxes or bonds. The scheme uses $35 million from revenue sharing and $10 million in the pipeline, with fee hikes on titles plates and licenses, while motor vehicle registration and fresh licenses stay unchanged. Senate Democrats back the plan, House Republicans balk, debating pay as you go and bond options as officials warn against shortchanging maintenance.
MENTIONED IN THIS ARTICLE
Senate
House
Kenneth B. Lee
R-Sullivan
Paris Pact Falls Short on Major Vietnam Issues
Foreign Minister Tran Van Lam said the Paris joint communique failed to address two key obstacles to a credible cease fire. He hinted Kissinger reached secret understandings with Hanoi’s Le Duc Tho, to be disclosed by Washington, while hard facts show 145,000 North Vietnamese troops remain in South Vietnam Cambodia and Laos with bases that could threaten the South. US bombing in Cambodia nears 100 days as estimates place up to 100,000 North Vietnamese troops in Laos and Cambodia.
MENTIONED IN THIS ARTICLE
Vaigun
Henry A. Kissinger
Paris
Vietnam
Tran van Lam
Lam
United States
North
South Vietnam
Cambodia
Laos
Kissinger
Hanoi
le Duc Tho
Washington
County Probing UC Dam Proposal
Erie County commissioners plan a meeting with solicitor Peter Schaaf to obtain advice on signing a contract with the US Army Corps of Engineers to take over the Union City Dam recreation area. A prior Monday special session deferred the decision while Schaaf reviews the terms, which would commit the county to a 50-year mortgage of 114000 dollars annually. Colonel N G Delbridge of the Pittsburgh District Corps requested a formal opinion on Erie County's ability to enter the contract.
MENTIONED IN THIS ARTICLE
Erie County
Peter Schaaf
US Army Corps of Engineers
Union City
Schaaf
N.G. Delbridge
Pittsburgh District
Corps of Engineers
Magruder admits guilt testifies Nixon innocent
Jeb Stuart Magruder confessed to involvement in planning and covering up Watergate wiretapping but said President Nixon had no knowledge of the effort. Testifying before the Senate Watergate committee, Magruder took responsibility for his actions and named others, detailing meetings with Mitchell and Dean and the proposal of further plots.
MENTIONED IN THIS ARTICLE
Washington
Jeb Stuart Magruder
Nixon
Magruder
Senate Watergate Committee
Senate
Cosmetics
Atty
John N. Mitchell
Mitchell
H. R. Haldeman
White House
Gen
G. Gordon Liddy
Baked Goods Thefts Plague North Center Area
Police patrols in the North Center street area report widespread thefts of baked goods left outside supermarkets. At 1 40 a m footprints were photographed in the back yard north of the IGA Foodliner and later 16 to 18 boxes were found in the same yard. A second visit near 3 30 a m revealed more packages in the parking lot and at Quality Markets across the street. Investigation continues.
MENTIONED IN THIS ARTICLE
North Center Street
IGA
Also Mentioned on This Page
Carl Albert
Eliot Janeway
University of Pennsylvania
Lawrence R. Klein
U.S. Treasury
George Shultz
Oval Office
America
Treasury
George P. Shultz
Italy
Japan
Germany
France
Canada
Price
Shapp
Martin Murray
D-Luzerne
Transportation Department
David Sims
Highway Administration
Lee
John W. Dean
Liddy
Mexico
Mr. Mitchell
Dean
Gordon Strachan
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