Inflation Outlook for 1971 Signals Higher Prices Push
Washington economists project a 1971 economy with inflation and unemployment pressures. GNP may reach about 1.4 trillion with real growth near 3 percent, while price rises push costs higher. Nixon administration aims for expansion via easier credit and targeted spending within a tight budget.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Federal Reserve Board
National Association of Manufacturers
Johnson
Market Turmoil Deepens as 1970 Stumbles on Wall Street
New York market data show 1970's rude awakening with falling prices and shrinking volume. Bankruptcy waves hit brokers Amott Baker Blair Dempsey Tegeler McDonnell and Orvis as firms liquidate or merge into Goodbody Blythe Dreyfus Francis I. du Pont Haydn Stone Thomson Winslow. Merrill Lynch buys Goodbody to salvage customer accounts. New York Stock Exchange sets a 65 million trust to protect investors amid turmoil.
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Middle East
United States
Cambodia
Wall Street
Amott, Baker & Co
Blair & Co
Dempsey-Tegeler & Co
McDonnell & Co
Orvis Brothers & Co
Goodbody & Co
Blythe & Co
Dreyfus & Co
Francis I. du Pont & Co
Hayden, Stone, Inc
Thomson & McKinnon, Inc
Winslow
Merrill Lynch, Pierce, Fenner & Smith
Goodbody
Merrill Lynch
New York Exchange
Securitien
Wall Street N Rothing
Panel Calls for Overhaul of Federal Criminal Laws
A 336 page report from a special congressional commission urges total firearms registration abolition of the death penalty and a ban on all handguns. It favors leniency for marijuana users but stiffer penalties for dangerous criminals and suggests trying juveniles over 15 as adults for serious crimes. The panel also seeks to prohibit private armies and paramilitary groups like the Minute Men.
MENTIONED IN THIS ARTICLE
Washington
Congress
Richard H. Poff
R-Va
Study Commission
Newsmen
Poff
Justice Department
National Commission On
Commission
Sens
John L. McClellan
D-Ark
Sam J. Ervin Jr
D-N.c
California
Edmund G. Brown
Brown
Louis B. Schwartz
Minutemen
1971 Tough Bargaining Looms Across Major Industries
The economy faces further shocks in 1971 as unions and major industries bargain for about five million workers amid inflation and unemployment. Wage fights are planned for telephone workers, steelworkers, railroad workers, aerospace and coal miners, with political tensions mounting between Nixon and Congress ahead of 1972.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Congress
White House
Afl-Cio
Can Industry
United Auto Workers
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