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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Aug 16, 1971
Page
1
President Nixon announced a broad program including a wage price rent freeze a devaluation move a temporary import surcharge and tax breaks aimed at cutting unemployment and curbing inflation The measures take immediate effect and may reshuffle rates while Congress hesitates to act on key revenue sharing and welfare reforms.
Tokyo officials say President Nixon’s 10 percent import surtax will hit Japan’s export trade hard. Officials warn the move could slow Japan’s economy and prompt currency pressure, while the Bank of Japan may intervene to curb excessive dollar selling.
Catholic leaders urge nonviolent disobedience until Northern Ireland frees all prisoners held without trial. Nine of 13 opposition MPs sign the call urging Catholics to refuse taxes and rents while rioting and arrests surge. Bernadette Devlin campaigns strikes against the government and troops amid sporadic violence and a kidnap incident.
Mostly sunny conditions continue through tomorrow with daytime highs in the mid-80s and overnight lows near 60s. A recent report notes yesterday's high reached 1 dollar and this morning's low was 60.
President Nixon announces a 90 day price wage and rent freeze. a temporary 10 percent import surcharge. dollar de-link from gold at 35 an ounce. tax cuts including repeal of the 7 percent auto excise tax. accelerated investment tax credit. and spending cuts totaling 4.7 billion with federal employment down 5 percent. He seeks quicker revenue sharing welfare reform delay and a 10 percent foreign aid cut.
SAN FRANCISCO AP David Selden president of the American Federation of Teachers told 1,000 delegates at the 5th annual AFT convention that the 250000-member union should actively support a presidential candidate. He urged payroll deductions for political contributions and attacked performance contracts as a nationwide scandal.
Five Los Angeles Fire Department rescue attendants form the Emergency Godfathers Club. They have failed to reach 620 calls to deliver pregnant women in time, while members Dougherty Hicks Chagellan and Hanson boast hundreds of deliveries and pride obstetrics training at General Receiving Hospital.
Witty remark compares selecting a spouse to renovating an old house. The speaker notes that half the fun lies in updating and changing the partner, a humorous take on marriage and domestic life.
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