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Newspaper
Lompoc Record
Location
Lompoc, California, United States of America
Date
Aug 18, 1971
Page
1
City council approves 1971-72 budget without a property tax rise but with electricity and refuse-rate increases. Nixon wage and price freeze may halt utilities, forcing possible tax hikes or cuts. Officials seek legal clarification while council contemplates a special session if rates are disrupted.
Washington officials field questions on the 90 day wage price freeze and related measures. Labor leaders including UAW chief Leonard Woodcock condemn the plan as discriminatory and threaten contracts unless the freeze ends on schedule. AFL-CIO meets in Washington to discuss, with Arnold Weber among attendees. In California, the Channel Counties Division meeting in Lompoc drawn by city officials and state leaders features Senator Robert Lagomarsino at a banquet.
UAW President Leonard Woodcock says the union will strongly consider terminating contracts with U.S. automakers if the Nixon wage price freeze extends beyond 90 days. He slams the policy as discriminatory and predicts poor enforcement and no real job gains.
The European Common Market rejected retaliatory steps against new American economic policies and the dollar float. The dollar weakened 2 to 10 percent unofficially in Europe and 4.1 percent in Hong Kong as a monetary crisis persisted. French President Pompidou held urgent Paris talks after shortening his August vacation.
A U S Army Chinook exploded and crashed near Pegnitz Germany killing all 37 on board. The crew of five and 32 soldiers were en route from Ludwigsburg to a training area in upper Bavaria. No survivors reported. Background weather and market notes follow.
U S B52 bombers conducted heavy raids inside the Demilitarized Zone in support of South Vietnamese Marines who retook Nui Ba Ho. The action marks the first publicly announced DMZ bombing since the 1968 halt and involved eight missions by Thailand-based B52s across northern South Vietnam.
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