Rent control rules delay tenant rent hike until February
Washington officials say a January rent increase is halted for many tenants as federal rules take effect. The Price Commission states existing tenants will see no hike before February with rent increases limited to 2.5 percent or more only with full justification and 30 days notice. Exemptions apply to rehabilitated housing and farm or commercial properties under certain conditions.
MENTIONED IN THIS ARTICLE
Washington
UPI
Price Commission
C. Jackson Grayson
Store price posting deadline extended by Price Commission
Washington The Price Commission said retailers who violated price posting rules will get two weeks past the January 3 deadline to comply. Stores must display freeze period prices prominently by next Monday, with IRS checks starting then to enforce Phase II posting for items from August 15 to November 13. If retailers have tried to comply but misread the rule, they may be allowed to conform by January 17.
MENTIONED IN THIS ARTICLE
Washington
UPL
The
Price Commission
Commission
Internal Revenue Service
TRS
IRS
Price Commission Approves Increases for Four Producers
Washington reports the Price Commission approved price hikes for four producers including Massey-Ferguson for farm and industrial machinery Pfeiffer's Foods for salad dressing Crown Zellerbach for newsprint and Beatrice Foods for domestic products. The action raises the total number of approved increases to 382 with 11 denials.
MENTIONED IN THIS ARTICLE
Washington
Massey-Ferguson, Inc
Arizona Inc. Pfeiffer’s Foods Inc
Crown Zellerbach Corp
Beatrice Foods Co
Nixon economic adviser McCracken to leave post
Combined News Services Washington The outgoing chairman of President Nixon s Council of Economic Advisers Paul McCracken said Phase 2 wage and price controls would extend beyond the 1972 election with some form of government control lasting a long time He returns to the University of Michigan where he has taught since 1950 McCracken forecast Phase 3 would let the market function more freely while containing rising costs and prices He noted the administration must maintain official watchfulness and persuasion and that his views reflect a professor departing for academia He praised the Price Commission and Pay Board for doing fairly well and said inflation reduction took longer than expected He would have moved faster to realign international money rates and to impose the current control period which began Aug 15 He predicted 1972 would be a pretty good year with higher consumer demand business spending and improved trade outlook but emphasized broad support for controls was needed and the administration hesitated until public demand grew
MENTIONED IN THIS ARTICLE
Washington
Nixon
Council of Economic Advisers
McCracken
Pay Board Jeopardized Says Meany In Letter To Boldt
AFL-CIO President George Meany warned the Pay Board faces serious danger due to lack of clear rules and automatic challenges by business members to any scheduled wage increase over 7 percent. He urged Boldt to adopt equitable procedures as backlogs grow and forms become available for employer filings.
MENTIONED IN THIS ARTICLE
Washington
UPI
Afl-Cio
George Meany
Meany
George H. Boldt
Washington State
Boldt
Firms cautioned over jumping on ecology wagon
SAN FRANCISCO. An official of the Federal Trade Commission warns against firms making unbacked claims that products cut pollution or keep air clean. David Buswell says the FTC aims for fast action through new Congress legislation, but court-involved injunctions are rare.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Federal Trade Commission
David Buswell
I °Tc
Muslim shooting tied to rival plot in Richmond
Police link the Richmond shooting of Bobby Nichols to a suspected rival plot to kill four Muslims. Three associates from Chicago, now in the Bay Area, were killed in recent weeks in Oakland and San Francisco. Nichols, 28, remained in intensive care after a bullet pierced his chest through a plate glass door. All four men were members of the Nation of Islam.
MENTIONED IN THIS ARTICLE
Richmond
UPI
San Francisco Bay Area
Chicago
Bobby D. Nichols
Nichols
Charles P. Willis
Freddie L. Webb
Fillmore
San Francisco
Ronnie Finmaugh
Oakland
Navy
Costly Parenthood Figures From Federal Study
A federal study estimates the typical birth through college cost for two children at 147,154 dollars with total costs rising by 48,793 dollars per extra child. It notes earnings foregone by stay-at-home mothers vary by education level from 44,121 to 162,023 dollars, and discusses the broader impact on the economy and labor force participation.
MENTIONED IN THIS ARTICLE
Washington
Also Mentioned on This Page
Job McCracken
Combined News Services
Paul W. McCracken
University of Michigan
Herbert Stein
Jan. J
Prica Commission and Pay Board
Meaney
Internal Revenue Services
FTC
Congress
Nation of Islam
Parenthood
Wolf
ST. Paul, Minn
Como Park Zoo
Mitad
Charlie
Charl
Mizei
Commission On Population Growth and the
Charlie Bell
Cookie Sale
Kress Brand
Long Beach
Sth & Pino
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