From Freeze to Freeze Nixon's inflation curb program overview
AP recap outlines Nixon wage price controls from 1971 to 1973. Phase 1 began August 15 1971 with a 90 day wage price and rent freeze except raw farm products. Phase 2 starting November 14 1971 ran 14 months with price boosts restricted and 5.5 percent wage guidance. Phase 3 January 11 1973 kept Phase 2 rules largely voluntary with selective mandatory rules. Daily government price ceilings followed for beef pork lamb and oil later. Phase 3 12 June 13 1973 imposed a second 60 day price freeze leaving wages and rents largely unfrozen.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Mrs Getty Awaits Ransom Instructions in Kidnap Case
The mother of J Paul Getty III says she awaits ransom instructions after receiving a letter from the 16 year old claiming he is safe and urging payment. The grandfather in London opposes ransom, while police verify handwriting and delivery details.
MENTIONED IN THIS ARTICLE
Rome
J. Paul Getty III
London
Getty
Martine
Marie Zacher
Paul
Food industry to gain early release from price freeze
Washington sources say the food sector will exit the 60 day price freeze with tight controls allowing only limited passing of cost increases from wholesalers to retailers. Phase 4 wage price controls will follow with tougher enforcement and IRS monitoring. President Nixon rests in Bethesda hospital.
MENTIONED IN THIS ARTICLE
Washington
Administration
Nixon
Treasury
George P. Shultz
Bethesda Naval Medical Center
White House
Chicago Mercantile Exchange
Harry H. Fortes
House Judiciary
Fortes
Chicago
Exchange
Justice Department
John T. Dunlop
Cost of Living Council
Anne Armstrong
Internal Revenue Service
IRS
Ulasewicz Testifies Kalmbach Recruited Watergate Funds
Anthony T. Ulasewicz testified that Herbert W. Kalmbach, then Nixon's personal lawyer, recruited him in June 1972 to carry Watergate money, claiming it was a legal humanitarian project. He described secrecy measures, coded names, and cash drops, while Kalmbach defended raising funds for Watergate defendants as a necessary aid effort.
MENTIONED IN THIS ARTICLE
Washington
Anthony T. Ulasewicz
Herbert W. Kalmbach
White House
Kalmbach
Nixon
Statler Hilton
Ulasewicz
Watergate
John W. Dean III
John D. Ehrlichman
Novak
John Rivers
New York City
New York
Battle to Block Alaska Pipeline Moves to House
Environmentalists press House after Senate action ends legal barriers to Alaska oil pipeline. Wilderness Society warns a House follow would end the lawsuit. construction could start by late fall or spring if approved. FTC accuses eight major oil firms of anti competitive practices amid oil market tensions.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Alaska
Richard Olson
The
Wilderness Society
Canada
House Interior
Olson
Federal Trade Commission
FTC
Arctic
Board to Seek Federal Land for High School in Warren County
The Warren County Board of Supervisors adopted a resolution to purchase surplus federal land from the Department of Health Education and Welfare for a new comprehensive high school slated to open by September 1975 with a $4 to $4.5 million price. The plan places the school at the Beef Cattle Research Station’s center in Warren County and offers career training through college prep programs.
MENTIONED IN THIS ARTICLE
Front Royal
Department of Health, Education, and Welfare
Warren County Board of Supervisors
O. A. Norton
Norton
Warren County
Saigon and Viet Cong Say Prisoner Exchange Resumes
South Vietnam announced agreement to resume prisoner exchanges with the Viet Cong. The program would restart Monday, finish by July 28 to meet the 45 day Paris communique deadline signed June 13, a South Vietnamese spokesman said.
MENTIONED IN THIS ARTICLE
Saigon
Paris
Group Seeks Sanitation Authority Probe in Frederick County
A residents group circulated a petition asking Commonwealth Attorney Lawrence Ambrogi to launch a full probe into the Frederick County Sanitation Authority over possible conflicts of interest. Leonard Ellis leads the efforts with about 25 signatures and a target of 1000, while Sanitation Authority members call for a legally qualified inquiry.
MENTIONED IN THIS ARTICLE
Frederick County
Lawrence Ambrogi
Frederick County Sanitation Authority
Leonard Ellis
James L. Bowman
The
Sanitation Authority
Ellis
Abrams Creek
Kernstown
Richard F. Madigan
County Board of Supervisors
FTC Accuses Big 8 Oil Firms of Monopoly
The FTC charges Exxon Texaco Gulf Mobil Standard of California Standard of Indiana Shell and Atlantic Richfield with anticompetitive practices boosting profits and gasoline prices. The eight, among the nation’s top 20, accounted for about 44 billion in 1972 sales. The suit notes vertical integration across drilling to pumping and considers dismantling it as a remedy.
MENTIONED IN THIS ARTICLE
Washington
The
Federal Trade Commission
FTC
Exxon
Texaco
Gulf
Mobil
Standard of California
Standard of Indiana
Shelland
Atlantic Richfield
United States
Commission
American Automobile Association
James West
Interior Department
Office of Energy
AAA
Also Mentioned on This Page
Mrs. Getty
Attleboro (Mass
Jurgen Dratwinski
South Attleboro
Douglas Caddy
Paul O’brien
William O. Bittman
Bittman
E. Howard Hunt
Fran Coombs
Elliott Marshall
George B. Baggarly
John K. Marlow
Marlow
Marshall
Elizabeth W. Malta
Wilson J. Burke
James S. Wetzel
Edward Greco
Jackson Manufacturing Co
Happy Creek
Martin Clifford Associates
Greco
Malta
Robert C. Fitzgerald
Fairfax
Virginia
Burke
William G. O’brien
O’brien
Miller Williams
Richard Rollanson
Shenandoah Shores
Deny
Jim Ackley
Cammers Cleaners
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