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Newspaper
The Times Herald Record
Location
Middletown, New York, United States of America
Date
Jun 22, 1973
Page
2
May CPI shows a 0.6 percent rise with meat prices down 0.1 percent and food costs up 1 percent. Despite easing in some food and energy items, overall inflation remains elevated with consumer buying power falling 0.3 percent in May and rents up 0.4 percent, underscoring persistent price pressures and the Nixon administration's price freeze policy.
Washington bureau Chief Herbert Stein of the Council of Economic Advisers outlined Phase IV of the administration's stabilization plan after the price freeze. He said food prices will rise very little once the freeze ends and that government price controls will apply to retail gasoline as well. The plan, described in a 12 page paper, aims to clarify tactics and indicate future measures including a shift from freeze to ceiling pricing. Some industries may see prices rise while others remain capped as the economy adjusts. The freeze could end sooner than the planned 60 days, possibly in a piecemeal lift.
The Health Research Group led by Ralph Nader reports 11 deaths linked to Pertussin Night-Time Medicated Vaporizer and similar products and urges FDA action. Dr. Sidney Wolfe cites pediatric use and questions whether typical use differs from abuse, naming Chesebrough Ponds and other brands.
A brief reader notice from Orange County Publications Division of Otte Way Newspapers. It lists mailing address at 40 Mulberry St Middletown NY 10940 and rates for home delivery 1.05 per week, newsstands 15 cents, Sunday Record 30 cents, noting postage paid at Middletown.
Rescue teams reached the DC9 Aero-Mexican wreckage near Congregacion del Refugio, but all 23 passengers and four crew members were dead, including 14 Americans. The Houston to Mexico City flight crashed while approaching, mountain terrain required carrying bodies down to a mule trail for removal.
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