19 Jul 1973
Page 1
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jul 19, 1973
Page
1
President Nixon pursues tight money tight budget and wage price controls to curb inflation. Federal Reserve raises rates while budget cuts aim to balance the deficit. Officials warn of possible recession yet Nixon touts strong growth and rising employment as Phase 4 aims to phase out controls.
Former Nixon aide Frederick C. LaRue testified that John N. Mitchell and John W. Dean III were aware of a grand cover-up scheme to hide Watergate wiretap facts in Washington.
The Federal Trade Commission announced Sperry & Hutchinson Co. will redeem Green Stamps for cash nationally under a provisional consent order after near eight years of litigation. Initially each book is worth 2 dollars with future adjustments. Savers may redeem partially filled books for as little as 50 cents for 200 stamps.
Nixon ends the food price freeze for all items except beef, setting Phase 4 rules. Non food goods stay under a 60 day freeze until Aug 12 with new ceilings on gasoline heating oil and diesel. Wage guidelines stay at 5.5 percent with fringe-benefit adjustments as overseen by Shultz.
Cloudy skies and temperatures in the 60s are forecast for Middletown tonight with a chance of showers. Highs near the mid 80s are expected Friday. Weather details are on page 25.
The House passed a war powers bill 244 to 170 despite Nixon's telegram opposition. It would force a halt to presidential war commitments within 120 days unless Congress approves, and allow Congress to halt actions by concurrent resolution that cannot be vetoed. The Senate may act Friday, setting up a Nixon showdown over constitutional restraints.
A reflective line about past anxieties proving prescient, noting how concerns about the future proved accurate in hindsight. The phrase emphasizes living with foresight while acknowledging the relief or irony of those prior fears.
Two teen boys from Middletown area were injured when a pursuit ended with their car flipping on Millikin Road. Driver Antoine Duggins, 17, was in fair condition at Mercy Hospital Hamilton. passenger Wick Tenney, 18, of Fountain, Mich., was listed in critical condition.
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