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Economy #13921

ABC Evening News for Wednesday, Dec 22, 1971
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(Studio) Cost of Living Index up .2%. Pay Bd. plunges into new controversy: all union contracts with raises higher than 7% to be challenged. Price Commission hands down new ruling on rents; boon-doggle for landlords.
REPORTER: Howard K. Smith

(DC) No flat maximum set. [Price Commission C. Jackson GRAYSON - explains reasoning.] 2.5% annual raise in base residential rents OK'd. Taxes, capital improvements, services can be added. Higher rent increases since freeze to be rolled back. National Tenants Org. objects. [National Tenants Org. Mrs. Rose WYLIE - charges landlord partiality.] Health care announcement due tomorrow. Blue Cross, Blue Shield rate increases for federal employees expected to be cut.
REPORTER: Sam Donaldson

Reporter(s):
Donaldson, Sam;
Smith, Howard K.
Duration:
00:02:50

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