Mansfield urges broad inflation fight with rationing and wage controls
Senate Democratic Leader Mike Mansfield proposes fuel rationing, wage and price controls, and expanded credit allocation to combat inflation. He calls for tied wage growth to living costs, energy conservation, and a broad government role, criticizing Ford's 10 point plan and urging stronger action to aid low income families.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mike Mansfield
Ford
Manfield
Monbinte Democrat
Mansfield
Reconstruction Finance Corp
Congress
U.S
Public employment program proposal to curb joblessness
A proposed public employment program aims to cut unemployment through government work, while discussions of international cooperation address past Middle East oil shocks. The note recalls the OPEC embargo that raised oil prices and strained U.S. energy policy.
MENTIONED IN THIS ARTICLE
Organization of Petroleum Exporting Countries
Lnter
Ford hints at anti-inflation WIN bonds concept
President Ford said the Treasury is considering a new anti inflation savings bond, possibly named WIN, with variable interest tied to weekly Treasury bill rates. He offered few specifics and officials in Moscow could not comment. Bonds are long term while bills are short term.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Treasury Department
Treasury
William E. Simon
Moscow
Nearly half of job seekers unable to find work
The Labor Department reported that about 50 percent of the five million unemployed in the third quarter were actively seeking jobs for under five weeks, while roughly one million looked for 13 weeks or more. The unemployment rate averaged 5.8 percent for the quarter as employment grew slowly. Sluggish construction and housing starts reduced hiring, affecting related sectors like lumber and furniture. Unemployment rose in poverty areas, with whites showing a higher rate increase than blacks.
MENTIONED IN THIS ARTICLE
Washington
APY
Detment
Department
Lye
Lunder
Labor analysts warn black unemployment to rise with slump
Labor Department analysts warned that the black unemployment rate is likely to increase if the economic slump deepens. Black unemployment has remained high since the recent recession, with the overall rate showing a rise.
MENTIONED IN THIS ARTICLE
Labor Department
Financial rates in third quarter show rise for whites
The report notes a rise to 8.5 percent in the third quarter while the rate for whites increased from 4.708 percent. The data highlights growing disparities in the period and references broader economic indicators relevant to policy debates.
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HM Luther
White House
Sen
Mansfield Bays
Sayy Anc
Ragyanate
Jcpenney
Jlansd
PVA Eee
Firestone
Thurs
Long Beach
E. Pacific
St. Hwy
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