Wage price controls debate eyed in 1973 Congress
Continuation of wage price curbs expected to be debated as President Nixon faces expiration of the Economic Stabilization Act. The program may extend into Phase III with flexible restraints, potentially pruning costs in retail and rents, while aiming for a 2 percent inflation target. Analysts say controls must be backed by fiscal and monetary policy. The United States also notes Siam now Thailand as the first Asian nation to sign a treaty with the U S.
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Congressional Quarterly
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Conley
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Thailand
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China vows support for Vietnamese communists after peace talks fail
Peking regrets the Paris talks fail but says it will back the Vietnamese Communist movement if the war goes on. An official cited Premier Chou Enlai’s Dec 18 speech stating the US seeks major revisions and that China will continue to support and assist the Vietnamese armed struggle until their goals are achieved.
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Lavelle Testified Abrams Knew of Unauthorized Raids
Gen. John D. Lavelle told congressmen last summer he discussed air strikes on a MIG airfield and enemy trucks with Gen. Creighton Abrams before ordering them. The hearing transcript released Monday shows Lavelle did not testify Abrams approved all raids but indicated his superior knew some strikes occurred.
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Captives Meet Press In Hanoi After North Vietnam Raid
Six crewmen from a Bs2 shot down Monday in North Vietnam were shown at a Hanoi news conference hours after capture. Radio Hanoi gave phonet ic spellings of names, with one mindig man believed captured. Captain Charles A. Brown, 26, service number 025349616, was named. hometown not listed. Pilots reportedly bowed their heads before photographers at the press event.
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