Devaluation shifts hit imports and prices for Americans
The 10 richest non Communist nations agreed to devalue their currencies making imports from Japan Germany and other countries more expensive while U.S. exports become cheaper. Americans abroad lose purchasing power about 8.5 percent and the plan targets restraining imports to spur U.S. jobs and business.
MENTIONED IN THIS ARTICLE
Washington
U.S
United States
Japan
West Germany
New Economic Policy and Public Utility Regulation Compared
The piece argues Nixon era price controls resemble public utility regulation in form and questions. It notes FCC actions on Bell System rate of return, possible consumer impact, and the risk of discretionary, special interest influenced decision making amid broader national price controls. It contrasts procedural ratemaking with substantive pricing questions and calls for public interest safeguards.
MENTIONED IN THIS ARTICLE
Nixon
FCC
Federal Communications Commission
Bell System
Bell
Commission
Public Utility Commission
United States
Lenin
Soviet Union
Nationwide HUD housing allowances test planned
The Department of Housing and Urban Development will launch a nationwide housing allowances experiment to replace some public housing subsidies with cash grants. The $10 million yearly program runs at least three years in six metro areas with 1000 families each, though the six cities were not named.
MENTIONED IN THIS ARTICLE
New York Times
Department of Housing and Urban Development
HUD
Congress
Retailers Cited Over Unpermitted Price Increases
The Price Commission said half of the nation’s largest retailers and wholesalers have not asked permission to raise prices and may violate the law. Commission Chairman C Jackson Grayson Jr asked the IRS to check for unpermitted hikes and noted possible court‑ordered rollbacks. A list of 148 firms that sought permission was issued, but major names like Montgomery Ward Macy’s and Gimbels were absent. Sears Roebuck J C Penney F W Woolworth Kroger A&P Food Fair Giant Food Grand Union and Safeway were on the list. Grayson warned others may have been omitted by mistake.
MENTIONED IN THIS ARTICLE
The
Price Commission
Commission
C. Jackson Grayson Jr
Internal Revenue Service
Justice Department
Grayson
Montgomery Ward
Macy’s
Gimbels
Sears Roebuck & Co
J.C. Penney Co., Inc
F.W. Woolworth Co
Kroger
A&p
Food Fair
Giant Food Inc
Grand Union Co
Safeway Stores Inc
Doctors Report Use of Preparation H for Relief
In a survey doctors were asked what they use to relieve painful symptoms. Many reported using Preparation H themselves or in their office practice, noting it provides prompt temporary relief for hours.
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