Price Surge Expected as Freeze Ends in 1972
White House economist Herbert Stein warned industry leaders a temporary upsurge in prices could follow the end of President Nixon's nine day price freeze and the start of Phase 2 price wage controls. He said the brief spike would be followed by inflation near two to three percent by year end 1972 as the administration aims for that target.
MENTIONED IN THIS ARTICLE
Hot Springs
White House
Nixon
Herbert Stein
President’s Council of Economic Advisers
The
Business Council
Aflcio
George Meany
Stein
Federal Pay Board
Kallsen
Nixon forms Pay Board and Price Commission in new stabilizaton plan
Washington reports Nixon creates the Pay Board and Price Commission to enforce wage and price controls after the current freezing period. Connally delegates authority. Meany warns of enforcement gaps and calls for vigilant monitoring. Javits and Hollings push tax cut and aid proposals to spur jobs and relief.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Pay Board and Price Commission
White House
Jacob K. Javits
R-N Y
Senate Finance Committee
Javits
Ernest F. Hollings
Ds.c
Army Plans Huge Cuts By Mid-Year
Washington AP reports about 65,000 officers and enlisted personnel to be released by June 30 as the Army trims manpower to its lowest level in 11 years. Most cuts affect overstrength ranks nearing end of tours, with some career enlisted men not promoted, plus a small number of sergeants major and about 4,000 reserve lieutenants and captains slated for release.
MENTIONED IN THIS ARTICLE
Washington
Army
Rain chances rise in western Kansas forecast
A stalled cold front in western Kansas keeps Lawrence warm for the season with a fair chance of rain. Saturday precipitation is expected at 30 percent with 10 percent tonight. Temperatures near 80 Saturday, with increasingly cloudy skies. Tonight will be partly cloudy with southerly winds 10 to 15 mph and low 50s.
MENTIONED IN THIS ARTICLE
Kansas
Lawrence
City hires 40 public safety staff by November 1
City plans to hire 15 policemen and 15 firefighters by November 1 using local sales tax revenue. An additional 11 policemen will follow after year’s start. Training for police and fire personnel is set with state certification and academy enrollments in Hutchinson.
MENTIONED IN THIS ARTICLE
Dennis Kallsen
Kallsen
Police Academy
Hutchinson
KU Regents Approve Campus Beer Under Regulation
The Kansas Board of Regents voted seven to none to allow cereal malt beverages on campus under school controlled rules. Beer may be consumed in the Union, residence halls, and fraternities with administration oversight, following permission from KU and city licensing.
MENTIONED IN THIS ARTICLE
Topeka
Kansas Board of Regents
Kansas Union
Elmer Jackson
Kansas City
Union
Robert Helman
Goodland
Thomas Griffith
Manhattan
Jackson
Kansas University
Laurence Chalmers
Lawrence City
Chalmers
Wunsch
Regents
Kosygin Seeks Peace Talks Amid Nixon Visit
Premier Kosygin met eight American governors in the Kremlin and urged an end to Indochina fighting and a Middle East settlement including Israel's withdrawal. He voiced hope Nixon's Moscow visit would foster Soviet US friendship and world peace, noting the five year plan prioritizes development and higher living standards. The governors led by Warren Hearnes toured Kiev and Tbilisi before returning to Moscow and heading to Leningrad.
MENTIONED IN THIS ARTICLE
Moscow
Alexei N. Kosygin
Nixon
Indochina
Middle East
Israel
Kremlin
Soviet Union
United States
Kosygin
Henry Gold
The
Kansas City Star
Kiev
Ukraine
Tbilisi
Georgia
Leningrad
Kuznets Wins Nobel Prize in Economics at 70
Harvard economist Simon Kuznets won the 1971 Nobel Prize in Economics for empirically grounded interpretation of economic growth. The 70 year old Kharkov native was cited for insights into development and the economic and social structure, earning $88,000.
MENTIONED IN THIS ARTICLE
Stockholm
Simon Kuznets
Harvard University
Swedish
Royal Academy of Sciences
Kharkov
Russia
Kuznets
Earl Sutherland
Vanderbilt University
Swedish Academy
Maple Leaf Festival Opens With Black Jack Play
Baldwin hosts the 14th Maple Leaf Festival as Don Mueller's The Ballad of Black Jack debuts at 7:30 p.m. in Rice Auditorium. The Black Jack Historical Society tents near Highway 56 serve pancakes and sausage at sunrise Saturday.
MENTIONED IN THIS ARTICLE
Baldwin
Don Mueller
Rice
Baker University
Baker
Black Jack
Palmyra
Bers
The
Rice Auditorium
Also Mentioned on This Page
China
Secretary of the Treasury
John B. Connally
Cost of Living Council
Commission
Board
Connally
Donald Rumsfeld
Meany
Afl-Cio
Labor
Cent
Bill Burton
Portland, Ore
Vicki Harris
Ernest Medina
My Lai
Ft. McPherson, Ga
KU Regents
Paul Wunsch
Kingman
medioRebee Sebteten
Weenssensan
Viet
Mideast
Governors
Warren E. Hearnes
D-Mo
Marvin Mandel
D-Md
Dale Bumpers
D-Ark
William G. Milliken
Dmich
John A. Love
R-Colo
David Hall
D-Okla
Stanley K. Hathaway
R-Wyo
Luis A. Ferre
Puerto Rico
Harvard
American Legion Hall
City Hall Corner
First United Methodist Church
Haskell Indian Junior College
Standard Station
Sixth and High
Inant Stover
Rexall
Ered
Oscar Rumsey
Rumsey Funeral Home
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