US Steel raises prices by 50 to 13 a ton effective June
New York US Steel Corp boosted prices by 50 to 13 per ton on large-volume flat rolled steel and shipped products, effective June 16 and July 1. The move, seen as catching up after earlier price freezes, drew White House disappointment but no rollback plan. Industry sources warn of potential further increases to cover wage costs. Bethlehem Steel notes a significant rise would be needed to stay even with wage settlements.
MENTIONED IN THIS ARTICLE
New York
US. Steel Corp
US. Steel
Appwance
Desl
Ronald Ziegler
White House
U. Steel
Council of Economic Advisers
U.S. Steel
Ziegler
U.S
Nixon
Try
United Steelworkers of America
Bethlehem Steel Corp
USW
Okun urges tax cuts and higher spending to cut unemployment
Democratic economist Arthur Okun told a House Senate subcommittee that to push unemployment below 6 percent by 1972 elections, Nixon should tax less and spend more, despite deficits. He proposed federal outlays of 3.10 billion and immediate enactment of 4.5 billion in planned income tax cuts for 1972 and 1973 to raise exemptions and deductions.
MENTIONED IN THIS ARTICLE
Washington
UPI
Arthur M. Okun
Nixon
San Clemente
Calif
Okun
Nixon wage powers extended to one year aid
The House approved and sent to President Nixon on Wednesday a bill extending his standby authority to impose price wage and rent controls for one year. Nixon had opposed the grant but his administration dropped opposition and used the framework to create boards aimed at moderating wage price inflation in the construction industry.
MENTIONED IN THIS ARTICLE
Washington i
House
Nixon
Thority
Ballot boxes improvised at Newberg school election
In Newberg Oregon the school election ballots were cast in three improvised ballot boxes made from 30 gallon trash cans at Central Grade School. The janitor rigged the cans as ballot boxes and voters used them to cast ballots.
MENTIONED IN THIS ARTICLE
Newberg
Ore
Central Grade School
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