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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Aug 30, 1971
Page
2
The dollar fell to new lows on the Paris market amid devaluation signals and mixed European activity. In Frankfurt and Zurich rates slipped while Tokyo trades held steadier, with low turnover and thin liquidity across markets.
The AP reports a slack year for Washington tourism and conventions as spending slows. Hotel occupancy, bus tour business, and landmark site counts are down versus 1969, with May the weakest month and July showing tentative recovery. 1.5 million visited the Capitol last year.
Al Nahar reports Egypt's government weighing a possible meeting between President Anwar Sadat and President Richard Nixon in New York next month. The potential talks signal diplomacy priority amid regional issues and U.S. engagement with Egypt.
Washington officials outline phase one of the Nixon economic plan with a 90 day wage price freeze. Hodgeson says five groups will be consulted including organized labor and consumers. Officials discuss a potential thaw after the freeze and a continuing stabilization approach.
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