Inefficient competition, inflation factor named by official
Assistant Atty. Gen. Thomas Kauper warned that inefficient competition and antitrust violations cost consumers billions and drive inflation. He cited potential 6 percent of GNP losses and warned price fixing and conspiracies harm millions. He urged stronger enforcement, larger fines, and criminal prosecutions to curb such practices.
MENTIONED IN THIS ARTICLE
Washington
UPI
Thomas EB. Kauper
Justice Department
Antitrust Division
Kauper
House Republican Conference
United States
Consumer bill stalls again in Senate vote effort
Washington reports the Senate rejects a final vote on a consumer protection agency bill for the second time this week. The motion to end debate failed 59 to 39, seven votes short of the required 60. Supporters, led by Sen. Charles H. Percy, vow to press on through a third debate and petition next week.
MENTIONED IN THIS ARTICLE
Washington
Senate
James B. Allen
Dala
Tunney charges price controls harm independent gas dealers
Senator John V. Tunney said federal two tier pricing gives independents access to largely price uncontrolled oil while major refiners obtain price controlled domestic crude. He warned independents must charge 6 to 10 cents more per gallon, undermining competitive fairness and giving vast power to a single decision maker.
MENTIONED IN THIS ARTICLE
Washington
UFI
John V. Tunney
Phif
Tunney
Federal Energy Administration
Ers
Non Parents Day in Central Park Quiet Morning
In Central Park New York on a clear morning crowds were absent and the Non Parents of 1974 coronation proceeded quietly. Isaac Asimov placed laurel wreaths on Stephanie Mills of Planned Parenthood and author Dan Wakefield to celebrate the second annual Nin-Parenthood Day amid light humor about population growth and Childless Couple Day.
MENTIONED IN THIS ARTICLE
New York
Strong Congress urged in reforms
A bipartisan quartet of senators urged broad reforms to strengthen Congress and curb executive overreach after Watergate. Proposals include presidential disclosure to Congress, stronger oversight, strict financial disclosure, and a House speaker State of the Union. Javits led co-sponsors Muskie Humphrey and Percy in backing a National Institutions Reform Act and an Office of Legal Counsel. A second notice proposes beer labels list ingredients by 1977.
MENTIONED IN THIS ARTICLE
Washington
Congress
Executive Branch
House
Jacob K. Jayits
RNY
Javits
Edmund S. Muskie
Maine
Hubert H. Humphrey
D-Minn
Charles Percy
New York Republican
Congressional Office
Sayits
Inflation Fight Divides Democrats On Nixon Plan
Two Democratic economists testifying before Congress say there is no quick fix to inflation this year. They contrast with Nixon's gradual approach and call for wage and price controls or tighter policy, while urging surveillance of big unions and corporations.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
White House
Democratic Party
Texas
Maud Bentsen
Congress
Bentsen
Senate
Walter W. Heller
Council of Economic Advisers
Kennedy
James S. Duesenberry
Council
Johnson
Heller
Joint Economic Committee
Duesenberry
Nixor
Cost of travel in U S up 13.6 percent
A private research group reports Americans faced roughly a 13.6 percent rise in travel costs over the last year driven by higher fuel prices. Gasoline jumped 41 percent, rail fares rose near 15 percent, and dining out increased over 13 percent in the 12 months ending June as the United States Travel Data Center notes. The Senate also approved a 4.56 billion public works funding bill.
MENTIONED IN THIS ARTICLE
Washington
United States
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