McCracken Leaves Economy Post Amid Phase 3 Doubts
Former University of Michigan economist Paul McCracken said Phase 2 of Nixon's wage and price controls will last through the 1972 election and Phase 3 must let the market run more freely while still guiding policy. He warned his remarks reflect personal views as he returns to academia. The Price Commission announced rent increases delayed at least one month with specific rates for leases signed before May 16, 1971 and for other lease types. AFLCIO head Meany said the Pay Board will be paralyzed by appeals over any salary increases beyond 7 percent. Retailers were told to post price ceilings where customers can easily see them and IRS checks for posting begin Jan. 3.
MENTIONED IN THIS ARTICLE
Washington
McCracken
Nixon
University of Michigan
Herbert Stein
Jan. J. McCracken
Price Commission
Internal Revenue Service
War of nerves as Middle East crisis flares up
Jordan reports Israeli jets violated Jordanian air space and broke the sound barrier near Amman as tensions rise. Egypt says it completed simulating the recapture of the area, underscoring a volatile regional standoff with threats and strategic maneuvers by Arab and Israeli forces.
MENTIONED IN THIS ARTICLE
Jordan
Amman
Egypt
TV Actor Shot Dead in Hollywood Hills
Hollywood AP reports TV actor Peter Duel co star of Alias Smith and Jones was found shot to death at his Hollywood Hills home. Police consider the death possibly a homicide as detectives probe the case and Duel is remembered from Combat The Fugitive and Name of the Game.
MENTIONED IN THIS ARTICLE
Hollywood
Peter Duel
Duel
Rochester, N.Y
Combat
Hannibal Hayes
Wisconsin man wins 1971 World Champion Liar honor
AP reports Burlington Wisconsin based Liars Club awards John Woolley of Racine the World Champion Liar title for a tale about a Green Bay Packer who ran back punts fast enough to draw roughing the kicker penalties. Runners up praised for other tall tales including farm insecticides and liberated chickens.
MENTIONED IN THIS ARTICLE
Burlington
Wis
Green Bay
John Woolley
Racine
The
Liars Club
Family of Six Found Dead in Corpus Christi Home
Police said a father enlisted at Corpus Christi Naval Air Station shot his wife and four children ages two to 13, then died by self-inflicted gunshot in a South Side apartment. A .38 revolver and a note were found. residents heard shots.
MENTIONED IN THIS ARTICLE
Amman
Salt
Naour
Corpus Christi, Tex
South Side
Limited Cease-Fire In Effect Across Vietnam
U S and South Vietnamese forces merged with Viet Cong for a New South Year ceasefire across Vietnam while air forces continued raids on Laos supply routes. The 24 hour cease-fire began at 6 p m Saigon time with one village attack and one militiaman killed in the Central Highlands. US bombers targeted Laos passes while recon planes assessed North Vietnam depots. Eleven air defense sites were destroyed as SAMs and a MIG interceptor challenged US missions. North Vietnam claimed 19 American aircraft shot down. A CIA plan plane with two Americans and a Laotian is missing in northern Laos and a search is underway.
MENTIONED IN THIS ARTICLE
Saigon
U.S
Vietnam
North Vietnam
Laos
Central Highlands
James D’entremont
Central Intelligence Agency
Air America
Vientiane
Sayabokry
CIA
Weatherman Predicts Clear But Crisp Night Ahead
The forecast calls for a dry, cool evening with temperatures dropping to the low 20s. Tomorrow should bring clouds and highs near 40, after yesterday’s high of 62 and this morning’s low of 31.
Middletown Hopes for 1972 Economic Unraveling
Local leaders see 1972 as a year to loosen the 1971 knot in Middletown's economy with rising retail sales, higher savings through November, and stronger residential building activity led by a jump to over 13 million in construction. Optimism grows as interest rates stay stable and mobile homes enter plans.
MENTIONED IN THIS ARTICLE
T'S
Fred Hampton
Also Mentioned on This Page
Paul McCracken
Aflcio
George Meany
Associated Press
and Jones” “Alias Smith
St. Lawrence University
American Theater Wing
New York City
Sinai
Israel
Lebanon
Tel Aviv
Haim Bar- Lev
David Elizar
Syia
Bar-Lev
Suez
Soviet Union
Clarence Breitenfecht
Marathon
Women's Liberation
Kavin Morris
Levelland
Tex
New Mexico
Russell Gouge
Roswell, N.M
Jack Boettcher
Bottineau
N.D
Will Harmon
Harry Gillmore
Brewster
N.Y
Corpus Christi Naval Air Station
South Vietnam
Gia, Ban Raving
Ban Karai Passes
Ho Chi Minh Trail
Ann Landers
Heloise
Valley News
Middletown
Department of Inspection
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