Democrats Push For A 90 Day Price Freeze
Democratic senators plan to push for a floor vote next week on a mandatory 90 day freeze on prices wages and sales. They argue inflation as the top national issue and urge action to curb cost push inflation.
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Newspaper
Mexico Ledger
Location
Mexico, Missouri, United States of America
Date
Jun 08, 1973
Page
1
Democratic senators plan to push for a floor vote next week on a mandatory 90 day freeze on prices wages and sales. They argue inflation as the top national issue and urge action to curb cost push inflation.
The House 218 to 199 defeated a Republican sponsored substitute to a Democratic backed bill to raise minimum wages. Among Missouri members listed as voting yes or no include Ichord Randall Taylor and Litton among others with Burdison and Sullivan voting no.
President Nixon addressed 795 graduates at Florida Technological University urging that 1973 is the best year to graduate. He noted it is the first class in 12 years without Vietnam war involvement and the first in 32 years not subject to the draft. He praised America’s prospects, warned of Brezhnev talks, and highlighted job growth, energy, environment, and a restored national pride.
Macon voters approved a three-cent tax levy to sustain the County Fairgrounds Park by a nearly five to one margin. The tally was 1,074 in favor and 228 against, surpassing the required two-thirds majority for the measure.
In London and Zurich bullion markets the dollar weakened amid delays in Washington over inflation curb measures. Gold edged higher at market opens while the dollar’s earlier boost from Nixon’s inflation action talk faded after April wholesale price data. The pound rose to 2.5785 dollars as dollar declines spread across Frankfurt Paris and Zurich. Tokyo closed at 264.49 yen and Hong Kong moved up slightly.
The Senate prepares to approve the Agriculture and Consumer Protection Act of 1973, a costly farm bill extending crop programs and food aid. It features target prices for cotton, wheat, and feed grains and ties subsidies to next five year cash markets, with debate over liberalizing food stamp benefits.
Saigon government and Viet Cong talks in Paris on strengthening the cease-fire remained deadlocked as attacks surged to the highest in two months. Saigon and Washington echoed uncertainty over Kissinger Tho understandings while Saigon sought a common strategy with the United States amid disputes on zones of control and potential cease-fire terms.
An autopsy shows George Getty II died from an overdose of alcohol and barbiturates, while Capt Edward Brudno, returned prisoner of war from Vietnam, died of acute barbiturate poisoning. Getty Oil executive George Getty II died after collapsing at home, using an alias to doctors. Brudno, 33, was found in Harrison, New York, with a plastic bag over his head and a suicide note in French.
Jefferson City AP Hannibal attorney Albert Rendlen Sr. 51, named by Governor Bond as GOP state chairman candidate. Rendlen would replace Richard L. Berkley who resigns for business and personal reasons. Other contenders include Stanley P. Christopher and George Parker with lingering faction splits in the party.
An ice cream and homemade cake social will be held in Hardin Park from 5 30 to 8 tonight by the Mexico Girls Scouts. Tickets are 50 cents at the park. The event supports a summer trip to Washington DC and Virginia historic sites. Mr and Mrs Jack Harper oversee arrangements.
Mexico Ledger lists publishing info with pricing: daily except Sundays and holidays at 300 N Washington, Mexico MO 65265. Rates cover carrier, mail, and out of state subscriptions with various monthly and yearly totals. office hours are 8:00 to 5:30 weekdays and 3:00 Saturday.
Two American firms El Paso Natural Gas and Occidental Petroleum sign an intention to import over $10 billion of Soviet gas over 25 years. The plan includes a 2000-mile Yakutsk to Vladivostok pipeline, a large liquefaction plant, and 20 cryogenic tankers. Prices and financing to be arranged, with potential Japanese participation.
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