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Economy / Phase II / Labor and Administration #454210

NBC Evening News for Tuesday, Oct 12, 1971
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(Studio) Orgd. labor to go along with phase II and sit on pay board Pay board set up with commission on prices, costs, and profits. Labor looks over President memo and decides to go along.
REPORTER: John Chancellor

(DC) Nixon memo assures Meany. Treasury Secretary John B. Connally, Junior won't have veto. President can fire or hire board members [AFL-CIO President George MEANY - says AFL-CIO will try to make President plans work, will serve on pay board and set up own watchdog units to monitor prices.] [NIXON - welcomes organized labor on pay board; needs cooperation of all Americans to beat cost of living.] Union representatives say workers entitled to frozen wage increases after freeze lifted. Unions will take action if don't get way.
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:02:30

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