Unchanged October jobless total at 508000
The October jobless figure held at 508000, unchanged from September, as a small percentage rise reflected a reduced labor force last month.
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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 06, 1970
Page
2
Intensified Push for Wage-Price Guidelines to Fight Inflation
Former Federal Reserve chair William McChesney Martin urged the Nixon administration to adopt wage and price guidelines as part of a stricter fight on inflation. He called Nixon's abandonment of the policy "self-defeating" and warned the move would not deliver full employment without inflation. Nixon had scrapped guidelines in January 1969, saying they were ignored and useless, aiming to curb inflation through spending restraint and tight money policy.
MENTIONED IN THIS ARTICLE
Washington
UFT
Federal Reserve Board
William McChesney
Martin
Nixon
John F. Kennedy
Lyndon B. Johnson
Marting
Federal Reserve
Board critique of Johnson era Vietnam buildup led by Bes son
The board, headed by Gen Frank S. Besson who retired in September, criticized the Johnson administration’s Vietnam buildup. Appointed last year by Deputy Secretary David M. Packard, it argued the US misread the war’s likely duration and relied on rapid force expansion. It noted lack of reserve call ups and no lead time for logistic planning.
MENTIONED IN THIS ARTICLE
David M. Packard
Secretar of Defense
Melvin R. Laird
Washington
Johnson Administration
Joint Logistics “Review Board
Saigon
South Vietnam
Frank S. Besson
Johnson
Vietnam
Waa
U.S
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