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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Dec 09, 1971
Page
5
New York officials announce that Christmas trees without treatments are exempt from price controls. The ruling excludes sprayed or treated trees and aluminum varieties, which stay under price controls.
The Executive Council of the California Labor Fed AFL CIO denounces Nixon Phase 2 as inept unfair and unworkable and accuses the administration of using labor as a scapegoat while lauding staged showmanship during a visit to an AFL CIO convention in Miami Beach. The UAW says it will push a four day work week at Chrysler and break off talks unless scheduling experiments begin at one plant.
The Cost of Living Council eased price controls for firms vulnerable to volatile raw material costs. Firms with historic price swings may raise prices without notifying the Price Commission, if they show frequent changes within 30 days and bear unabsorbable costs. The move comes amid tension over wage and price policies under President Nixon.
Henry Ford predicts the Phase 2 economic program will lift the current slow recovery from the 1969 70 recession into faster growth in 1972. Ford also criticizes some Phase 2 actions, warning cost pressures could blunt inflation controls and hurt profits and long term expansion.
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