Police raid mistaken home spooks Winthrop family
In Winthrop Massachusetts at 10 am officers raided the Pine home after misidentifying an address as a drug factory. Bill Pine 38 recalls being awakened at gunpoint as his family hid and the intruders searched the house before realizing the error and retreating.
MENTIONED IN THIS ARTICLE
Winthrop
Mass
Bill Pine
Phyllis
Melody
Pines
Mrs. Pine
Pine
Phyllis Pine
Phase 2 Wage Price Controls End as Nixon Shifts Policy
Phase 2 ends under President Nixon as mandatory wage price controls are replaced with voluntary standards for most of the economy. Food health and construction keep controls while Phase 3 mirrors Phase 2 with voluntary norms and enforcement risk for violations. The move follows Nixon's 1971 wage price freeze aimed at curbing inflation.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Washington
Nixon
Nixon's price controls face Phase 3 amid inflation risk
An AP analysis outlines Phase 2 results, noting inflation near 3.5 percent by 1972 end and food prices driving gaps. Officials expect limited impact from farm-level controls, while political and economic pressures push Nixon toward a Phase 3 transition to a freer economy with a 2.5 percent end-1973 inflation goal.
MENTIONED IN THIS ARTICLE
Nixon
Treasury
George P. Shultz
Shultz
Also Mentioned on This Page
California
Bill
Boston
Business Club
Calhoun Junior College Business Club
Decatur Daily
Cindy Phillips
Rebecca Stegas
Eloise Stamps
Patricia Johnson
Donna Peck
Michael Sheats
Wayne Smith
Seymore Smith
Billy Smith
America
Payroll
Kenmore
Sears
Sears and
SAVE
Sears, Roebuck and CO