Mansfield urges inflation fight with rationing and wage controls
Senate Democratic Leader Mike Mansfield proposed broad measures to curb inflation including fuel rationing, wage and price controls, credit allocation, and energy conservation. He criticized Ford's plan as inadequate and called for indexing wages to living costs, tax relief for the poor, and a robust government role in the economy.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mike Mansfield
Ford
Mans- Geld
Jeader
Reconstruction Finance Corp
Penn Central
Lockheed
Pan American World Airways
Congress
U.S
Public Service Jobs Plan Amid Oil Embargo Critique
International cooperation urged to tackle unemployment with a public service employment program. The piece cites OPEC actions last winter including an oil embargo on the United States and a subsequent quadrupling of prices as a prime example of the need for robust domestic employment measures.
MENTIONED IN THIS ARTICLE
Organization of Petroleum Exporting Countries
Ford hints at anti inflation bonds to back WHIP INFLATION NOW
President Ford said the Treasury may issue a new anti inflation savings bond named after his slogan. Details were not provided and officials declined comment while Treasury Secretary Simon was in Moscow. The idea envisions a variable interest rate tied to weekly Treasury bill auctions, contrasting with existing bonds at about 1 percent.
MENTIONED IN THIS ARTICLE
Washington
Upi
Ford
Treasury Department
Treasury
William E. Simon
Moscow
No work for half of job hunters rate up
The Labor Department reported that nearly half of the five million unemployed in the third quarter had searched for work for under five weeks while about one million were out longer. Unemployment averaged 5.5 percent for the quarter with a 3.8 percent national rate in September. Slow employment growth and a housing slump hurt construction related jobs. White unemployment in poverty areas rose from 4.2 to 3.5 percent. black unemployment in poverty areas stayed about 12 percent.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Black unemployment trends amid deepening slump
Labor Department analysts warned the black unemployment rate is likely to rise if the economic downturn deepens. Black unemployment has stayed high since the 1971 recession, and overall the rate increased.
MENTIONED IN THIS ARTICLE
Labor Department
Roe data update page fragment shows rising race gap
A clipped OCR segment notes that from 9 to 4 percent the third quarter the rate for whites increased from 4.7 to 5 pu. The incomplete text suggests a statistical comparison by race within a quarterly period.
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Mansfield
Jim Luther
Montana Democrat
White House
Ansfield
Sunny Brook
Jcpenney
TVS
Firestone
Long Beach
E. Pacific
Coer
UMUC
Lakewood
Pang
USA
Wes
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