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Wage-Price Freeze / 10% Surcharge #17375

ABC Evening News for Tuesday, Sep 07, 1971
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(Studio) President Nixon to address Congress Thursday concerning new economic policy; Cost of Living Council meets with 6 corps. that have incrd. dividends.
REPORTER: Howard K. Smith

(DC) [White House economist Paul West McCRACKEN - says corps. indicated full support of Nixon economic policy; whether increases will be allowed to be determined later.] [Martin Yale Inds., Incorporated spokesperson Yale A. BLANK - says will wait for council recommendation.] [Volume Shoe Corporation spokesperson Louis POZEZ - says corporation hasn't raised dividend; was misunderstanding.]
REPORTER: Sam Donaldson

(Studio) Canada considers actions to counter United States 10% surcharge.
REPORTER: Harry Reasoner

(Vancouver, British Columbia) Expansion of lumber industry halted by US import surcharge; new jobs cancelled, workers may be laid off. [Canada Parliament member Tom GOODE - says measures must be taken to make President Nixon realize he needs Canada; points out things Canada provides US.] 25% United States exports go to Canada.
REPORTER: Bill Wordham

Reporter(s):
Donaldson, Sam;
Reasoner, Harry;
Smith, Howard K.;
Wordham, Bill
Duration:
00:05:40

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