economists split over president plan to spur jobs
Nobel economist Paul Samuelson questions the plan’s $4.7 billion in federal spending and warns it may not create jobs. Kenneth Galbraith, Milton Friedman, and John Leitche express mixed views, noting wage price freezes risk masking inflation and arguing tax relief could be negated by spending cuts.
MENTIONED IN THIS ARTICLE
Ome Tito
slWelre
Pdmning
Paul Ientielta
Samuel
Belmont
Mass
Kenneth Galbraith
Harvard
India
Kennedy
Galbr ‘Aith
Newfane
Milton Friedman
University of Chicago
Friedman
Ely
University of California
John M. Leitche
Letiché
United Nations
Paris Hotels Beat Dollar Rush as Banks Shut Down
Tourists in Paris scramble to unload dollars during a public holiday as banks close. Cashiers limit dollar exchanges, offering about 5 to 6.4 francs per dollar for bills, with Americans favored for hotel payments. Airlines remain accepting at higher rates, while taxi drivers discuss the devaluation and threats flit around the streets.
MENTIONED IN THIS ARTICLE
Paris
France
U.S
Felimx Welch
Lexington
Welch
Europe
Vietnam
Avenue George V
Nixon's Economic Plan Changes 1972 Run
AP analysis notes Nixon’s eight point plan aims to buy political time by slowing inflation with a 90 day wage price and rent freeze. It could defuse the 1972 issue if successful, with Connally rising as key advocate and potential running mate. Public reaction splits between support and criticism of economic policy.
MENTIONED IN THIS ARTICLE
Dick Barnes
Associated Press
Washington
Nixon
Ben
White House
Senate
Hugh Scott
Federal Reserve
Arthur Burns
Congress
William Proxmire
Dwis
Joint Economic Committee
George McGovern
D-S.d
China
Treasury
John B. Connally
Connally
Import Tax Hit Brings Blow to Japan Exports
Tokyo officials said Nixon's 10 percent import surtax will strain Japan US trade, with 1969 figures showing 4.9 billion dollars in exports to the US and 3.5 billion in goods imported. Finance Ministry warned deflation risk, while Tokyo pledges no yen revaluation yet.
MENTIONED IN THIS ARTICLE
Tokyo
Nixon
Japan
Noboru Takeshita
Bank of Japan
U.S
United States
Japan External Trade Organi
Zation
Finance Ministry
Ministry of International Trade and Industry
Shige Kurobayashi
Fuji Bank
Foreign Ministry
Nixon action recalls Roosevelt 40 years ago
Nixon seeks a new prosperity via a sweeping economic program mirroring FDR era. The piece compares Nixon's move to end gold backing, suspend wage and price rules, and cut government payroll with Roosevelt's New Deal and 1930s price controls. It notes potential effects on inflation, imports, and unemployment.
MENTIONED IN THIS ARTICLE
Nixon
Roosevelt
Supreme Court
Baby Tiger Back Home After 96-Hour Missing Run
ZIONSVILLE Indiana AP Tv an the baby Siberian tiger returned to Dr Edward V Schaffer s rural estate Friday after a 96 hour disappearance. Mrs Schaffer said he is sweet and docile and she rubbed his back for an hour. Searchers with dogs spotted Ivan near the 47 acre property twice Thursday, but he scampered away both times. The Schaffers are raising the tiger for Robert Baudy an animal trainer from Canter Hill Florida. The dogs frightened Ivan and the 40 pound cub is described as a wonderful little animal and a friend. Ivan could weigh up to 650 pounds.
MENTIONED IN THIS ARTICLE
Zionsville
Ind
Tvan
Edward V. Schaffer
Indianapolis
Ivan
Schaffers
Robert Baudy
Canter Hill
Fla
Schaffer
Popsicle inventor Fred L. Ryan dies at 80 in California
Fred L. Ryan, 80, creamery executive who in the 1920s patented the Popsicle and founded the Popsicle Corp. in Oakland, died Saturday after a brief illness in Redlands California.
MENTIONED IN THIS ARTICLE
Redlands
Calif
Fred L. Ryan
Popsicle Corp
Oakland
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Mexico
Missouri
Pete Wilson
Mgr
Franklin D. Roosevelt
America
FDR
Armenicat
Auxvasse City
Auxvasse
Jaycee Tractor Pull
Audrain County Fairgrounds
Audrain Co-op
Elmer Martin
Baby Tiger
Popsicle Man
Fabricland
the Plaza
W. K. Mason
Jefferson
Best
West Plaza
Schremp Electric CO
Centralia, MO
S. Jefferson, Mex
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