Wage-Price Freeze Faces Uncertain Future As Debate Grows
The Nixon administration doubles down on a 90 day wage price freeze while pondering whether to extend the limit to April 30 1972. Officials discuss possible action on contracts with violators and a broader strategy to stabilize the economy amid currency shocks and global pressure.
MENTIONED IN THIS ARTICLE
Cost of Living Council
Texas
United States
Washington
Nixon
Nixon Era Price Freeze Chaos Stirs Labor and Congress
The article details how a strike defying the freeze looms as pay rises go unpaid. AFL-CIO fears Nixon’s economic grip erodes while Congress, led by Mills, debates expanding tax relief and stimulus. OEP bungles spark confusion as cost of living council formalizes policy amid contradictory briefings. Municipal workers face freeze applicability. eight OEP regional offices distribute guidance poorly.
MENTIONED IN THIS ARTICLE
Afl-Cio Executive Council
Nixon
Meany
Congress
Wilbur D. Mills
House ‘Ways and Means Committee
Mills
Labor
Walter Heller
Jhairman
The
Council of Economic Advisers
Washington
Office of Emergency Preparedness
OEP
Treasury
Tariff Commission
Commerce
Department
White House
Cost of Living Council
Connally
Pentagon
Bothell
Wash
Denison
Tex
Maynard
Mass
Bolivia bombs and clashes near La Paz airport
Reports say additional bombs exploded in Bolivia as armed workers from tin mines attacked insurgents in Orura, a southern mining hub held by rebels. At El Alto airport near La Paz security tightened with heavy guard around a nearby military air facility.
MENTIONED IN THIS ARTICLE
Orura
Soledad Brothers Inmates Named In Court Case
Convicts among the 20 prisoners in the section when the attempt happened include John Cluchette Fleeta Drumgo and Ruchell Magee. Magee is accused with Angela Davis of murder and kidnapping in the August 1970 shooting at the Marin County courthouse in which four people died including Jonathan Jackson, 17, brother of one victim.
MENTIONED IN THIS ARTICLE
Soledad
John Cluchette
Fleeta Drumgo
Ruchell Magee
Magee
Angela Davis
Marin County
Jackson
Jonathan
Demo Committee Attacks Nixon Economic Plan
The Democratic National Committee and labor leaders denounce Nixon economic rescue package as favoring corporate interests over workers. They criticize wage price controls and dollar gold trading move as inadequate, arguing crisis measures are only a temporary halt. The letter stresses need for concrete programs and warns against harming trust among trading nations.
MENTIONED IN THIS ARTICLE
Washington
Democratic National Committee
Nixon
FACT
Democratic Committee
Joth
Jon
Pan
Canada
Congress weighs Sept plan to push new tax bills
Congress aims to act by month end with legislation backed by Nixon’s economic moves. The president imposed a currency freeze and import levy while seeking repeal of the 7 percent automobile tax, a 10 percent business investment credit, and a faster schedule for raising the personal income tax exemption.
MENTIONED IN THIS ARTICLE
Nixon
U.S
Congress
Ihe
Japan
Tokyo Stock Exchange
Canada
International Monetary Fund
IMF
Unite
House
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Bretton Woods
N.H
Brussels
Jabor
Aflcio
George Meany
Afl-Cio
Harry Bridges
West
United Auto Workers
Secretary of Labor
J. D. Hodgson
America
Hodgson
SNES
Danville
Peoples Services Inc
Market ST. Danville, VA
Lincoln Park Children’s Zoo
Ke-Ke
Chicago
Bolivia
Sears
BIS
Pyr Gererys
Ridge St
Ms Leva
Roebuck and CO
F. Carlyle Tiller
Action Bank
FamericandWational Bank and Trust Company
Member
Federal Deposit Insurance Corporation