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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 30, 1971, Lethbridge, Alberta SUNNY FORECAST. HIGH TUESDAY.NEAR.85. VOL. LX1V No. 220 The Lethkidge Herald LETHBRIDGK, ALBERTA, MONDAY, AUGUST 30, 1971 ,-UlCli NOT OVER 10 CENTS TWO SECTIONS-24 PAGES Consultation promised in U.S, freeze WASHINGTON fAP) Labor Sm-elary James Hodgson says unions and consumers will be among those consulted before Phase II of the Nixon economic program that began with (he go-day wage-price freeze. "We've decided that there arc five groups with whom we ought lo undertake some rather foiinal con- labor, business and industry, agri- culture, slalc and local governments and Hodgson said Sunday on ARC radio-television. "We will be engaging in some reasonably formal consultations with Hodgson said. "We'll lie doing it well enough in advance of Ihe end of the days in order lo have something when the 90 days is up." Hodgson said one of Ihe things io be considered will be controls on corporate profits. "I Ihink that labor now understands that profits were not part of (he law under which the president acted, but it certainly has lo be one of the tilings consider in Phase ho said. Commerce Secretary Maurice S'.ans said the freeze "will be followed by some kind of a thaw in which some of Ihe tilings that are now prohibited or pre- vented will be allowed lo occur." Appearing on CBS, Klaus estimated Phase JI would last "less than one year." It's end of era Treasury Secretary John Connaliy said the U.S. is "at an end of an era in our economic policy." In an interview in the New York Times, Connally said: "It will be at the disposition of the American people to have as few constraints as possible after the 90-day freeze period, and il we can get voluntary compliance now we can avoid slringent controls later." he said, "It would be unwise lo think we can go back to where we were before. American busi- ness and labor may have to get used lo the idea of living within certain parameters." lie declined to speculate in detail on what would happen after the freeze. In an interview in Mewswcek magazine. George Mesny, president of the offered "under cer- tain circumstances" to sit on a board lo administer Phase II. He did not say what those circumstances would be. Ijeonard Woodcock, president of the United Auto Workers, called for a permanent wage-price board using public opinion lo keep prices from rising. Nothing solved In Ottawa meanwhile Economist Eric Kierans says Uio United States has not solved its economic problems by freezing prices and wages for 90 days, putting a surtax on imports and floating the U.S. dollar. Tile problems will remain after the freeze and the surtax have ended, lie told a panel on the CTV net- work program Question Period Sunday. The U.S. will have to keep some kind of controls when the 90-day period which began Aug. 15 ends. "They have lo. Now how is tbat going to take? "You're either going lo shoot off like an astronaut on day 91 or you're going lo bring in conlrols and per- manently impede Itie interplay of economic forces in the economy. "Let's put it Ibis way. They haven't solved their problem." The former communications minister and MP for Montreal Duverauy said the fact that goods and ser- vices in Ihe U.S. are "loo high priced" will not be altered by the surtax or the floating dollar. "Suppose they get a revaluation of alt. other cur- rencies and Ihey continue on the he said The same economic problems "are going to happen again." Mr. Kiorans said he docs not think the Ameri- cans had the1 right to impose the surtax or float Hie dollar hul. "in I his kind of a ball game might ir. ndii." "What the 1'nilcf] Slalcs have for all time is lluit Ilicy nin Ihe international monetary fund Mi. Kicnms .-.-aid Canada .should offset Die U.S. moves hy Inking an "easy mcni'tary cutfing taxes nmi boosting expenditures. sv're bugging lo hoplifters ni.IS, Mum. They're hupginR the mrrclKiiulisc Ut (irlcci shop1 liters at a chain of women's clolhiiifi .stores. CniTyinR ;in impurclmsecl piece; of clothing through an fleclronic licnni near (lie doorway switches on