Nixon Cabinet Meet to Seek New Inflation Controls
President Nixon discussed the economy with his Cabinet as inflation remains the No. 1 problem. A range of anti inflation options is under review, including wage price controls and potential tax measures. Laird described action soon and warned against dollar speculators while others push for stricter controls and higher fuel taxes.
MENTIONED IN THIS ARTICLE
Nixon
Washington WA
White House
Gerald Warren
Warren
Adviers A
Labor Department
Melvin R. Leird
Laird
United States
Senate
Hugh Scott
Wholesale prices jump reveals inflation risks in May
The Nixon administration cites farm and food price surges for May wholesale increases, while consumer food costs rose 0.3 percent. Industrial prices grew at an unsatisfactory rate, and the Cost of Living Council reviews potential overages. Retail inflation is rising at about 8.4 percent annually, with Mays 2.0 percent wholesale gain marking a rare peak in years. The Labor Department notes oil, grains, livestock, and produce drove farm price gains, offset by declines in eggs and poultry.
MENTIONED IN THIS ARTICLE
Nixon
Herbert Stein
President's Council of Economic Advisers
Speems-Bp
Stein
Cost of Living Council
Labor Department
Vietnam refuses new Paris cease fire agreement
Saigon announces it will not sign any new truce worked out in Paris by Kissinger and Tho. Fighting continues in the Mekong Delta and central highlands as Saigon fears U.S. concessions to North Vietnam and the Viet Cong.
MENTIONED IN THIS ARTICLE
Saigon
Paris
Henry Kissinger
North Vietnam
le Duc
Mekong
Kontum
United States
Kissinger
Tho
Pay Level Boost Passes House in Wage Increase Vote
The House voted 287 to 139 to raise the minimum wage to $2 this year and $2.20 in 1974 and cover government workers and household domestics. A substitute bill backed by Republicans and Southern Democrats failed 218 to 199. The Dent bill would set gradual increments for three wage groups, including farm workers, with states and local government employees receiving the same increases. Republican spokesmen warned of higher unemployment and inflation.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
John Dent
D-Pa
Coalition
John Erienbors
R-In
Watergate witness fears retribution in public testimony
Sloan told the Senate Watergate hearings he feared retaliation and said he did not believe Maurice Stans was involved in illegal activity. He recounted seeking a White House meeting with Haldeman to secure private employment and to clarify his actions amid the probe. Porter, drafted as Nixon campaign aide, denied knowledge of a Watergate cover up and said he cooperates with prosecutors.
MENTIONED IN THIS ARTICLE
Nixon
Senate
Wilbur Mills
House
Ways and Means
Arthur F. Burns
Federal Reserve Board
Paris
Treasury
George P. Shultz
Sloan
Maurice H. Stans
Nixon Campaign Finance
Stans
New York
White House
Haldeman
Sen
Lowell P. Weicker Jr
Conn
Haldermant
Herbert L. Porter
United States
Porter
Herbert G. Klein
Committee
New FBI Chief Nomination Ties To Hoover Era
The article reports President and Senate action on appointing a new FBI chief to restore morale after Watergate. It notes a 61 year old candidate Kelley pledging resolve, amid prior rejections of L. Patrick Gray and temporary acting directors Gray and Ruckelshaus.
MENTIONED IN THIS ARTICLE
Senate
Kelley
J. Edgar Hoover
L. Patrick Gray
Hoover
Senate Judiciary Committee
Gray
White House
Watergate
E. Howard Hunt Jr
William D. Ruckelshaus
Environmental Protection Agency
Space walk frees panel on space station mission
Space walkers Conrad and Kerwin freed a stuck solar wing panel at 270 miles up after a tense extravehicular task. Three 20-foot segments unfolded but halted short of full deployment, with Mission Control noting possible cold actuators needing solar exposure to warm.
MENTIONED IN THIS ARTICLE
Conrad
Mission Control
Kerwin
Paul J. Weitz
Houston
Also Mentioned on This Page
Dune
Vietnam
Charles Conrad
Joseph Kerwit
FBI
Western Australia
Manhattan
Seersucker
Roos Atkins
Los Cerritos Center
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