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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Feb 09, 1970
Page
4
The GE settlement relieves unions but shifts higher costs to consumers. Inflation pressures persist as the company seeks to recoup losses through higher prices amid import competition and tight dealer stocks. Washington faces a balancing act to curb inflation while unions push for wage gains.
The piece warns China will likely possess nuclear tipped missiles within a decade threatening Japan, the Philippines, Taiwan, and U S allies, with potential to strike the West Coast. It argues for expanding ABM defenses to deter and retaliate against a China nuclear strike, noting President Nixon’s cautious stance on laser defenses.
A federal court order delays a railroad strike and lockout for 10 days as negotiators seek settlement. The piece reviews past government intervention under Johnson and Nixon aims for compulsory arbitration and a broadened Railway Labor Act amid rising national strikes and public impact.
President Nixon seeks relief for the average American amid high interest rates and rising prices. Federal Reserve tight money has enriched bankers without curbing inflation. Dr. Arthur Burns favors relaxing restrictions. Credit tightness harms corporations, risking layoffs and a broader economic downturn on Wall Street.
The column reports Nixon expected a downturn but sought a lean budget of about 205 billion dollars to reassure the Federal Reserve and push for looser money controls. Burns warned deeper cuts were needed to persuade Fed members amid banker opposition.
The article notes ski areas like Beech Mountain and Sugar Mountain draw wealthy visitors, boosting local businesses and jobs. It highlights skiing as a global industry turning skiers into commoners, with Japan and Austria cited for large markets and economic impact, and North Carolina praised for its strong regional ski scene.
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