Nixon seeks dollar reform as IMF meeting nears
Washington aims to reform the international monetary system as Nixon signals a shift from gold backing. IMF meet Sept 27 will discuss flexible exchange rates after the dollar’s float is allowed. Analysts expect a devaluation of 12 to 15 percent and rival currency revaluations shifting global trade dynamics. Detroit also reports GM and Ford rolling back 1972 auto price hikes amid wage price controls and import tax changes.
MENTIONED IN THIS ARTICLE
Washington
Nixon
International Monetary Fund
IMF
United States
IMP
Detroit
General Motors
Ford
Chrysler
American Motors
Correction: Frederick County police per capita cost misstated
A planning commission report cited a per capita police cost of 259 dollars for Frederick County residents in yesterday’s story. The correct figure is 2590 dollars, changing the financial impact of police protection as reported.
MENTIONED IN THIS ARTICLE
Frederick County
Planning and Zoning Commission
Nixon freezes wages prices and rents shifts OEP role
The Office of Emergency Preparedness gains enforcement power as Nixon imposes a 90 day wage price and rent freeze. OEP expands staffing to regional offices in Seattle San Francisco Denver Dallas Kansas City Chicago Atlanta Philadelphia New York Boston with attorneys wage and rent experts and a Justice Department representative.
MENTIONED IN THIS ARTICLE
Washington
Office of Emergency Preparedness
Nixon
OEP
California
Seattle
San Francisco
Denver
Dallas
Kansas City
Chicago
Atlanta
Philadelphia
New York
Boston
Justice Department
Maryland Student Loans Increase Total Grants Across State
The National Student Loan Association boosted the total loan awards by about 20 percent for the coming school year. A spokesman said 10 313 awards totaling 4.4 million were allocated, 731 000 more than fiscal 1971, with each school matching 10 percent. Maryland institutions receiving grants include University of Maryland College Park 2394 Johns Hopkins 1000 Morgan State 1084 Towson 775 UMBC 386.
MENTIONED IN THIS ARTICLE
Baltimore
National Student Loan Association
University of Maryland- College Park
Morgan State
Johns Hopkins
Towson State
University of Maryland-Baltimore County
Nixon wage price freeze questions clarify rules
Treasury issues Q and A on the 90 day wage and price freeze amid a 10 percent import duty. Answers cover price checks, dividends, wage limits, state government pay, tuition, utilities, school contracts, car excise tax pass through, retroactive pay, and future enforcement by the Cost of Living Council.
MENTIONED IN THIS ARTICLE
Nixon
Volkswagen
Chevrolet
AMC
Washington
Treasury
Treasury and
Labor Departments
Office of Emergency Preparedness
A. Nixon
Texas
Public Utility Commissions
Congress
White House
Oregon
Connally
Cost of Living Council
Army to release 43000 draftees early amid manpower cuts
The Army will discharge up to 43000 draftees ahead of schedule as Congress weighs a 50000 man average strength reduction for fiscal 1972. Draftees assigned to U.S. posts, many veterans of Vietnam or Korea, are to be released by June 30 1972.
MENTIONED IN THIS ARTICLE
Washington
Army
Congressional
Pentagon
Congress
U.S
Vietnam
Korea
Robert F. Froehlke
House
Senate
Melvin B. Laird
Laird
Also Mentioned on This Page
Europe
Africa
Latin America
John B. Connally
Maryland
Cline
Esa
Ieee
America
Colony House
Kroehler
Mersman
Patrick
Citgo Frederick Car Wash
Rosemont Ave
CITGO
Paradise
Davis
Market ST
Lae
Rcompany
Frederick
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