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Phase II / Freeze #454522

NBC Evening News for Thursday, Oct 28, 1971
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(Studio) Cost of Living Council reminds people wage-price freeze won't end automatically November 13. Phase I will stay in effect if pay board and price commission don't develop price guidelines. Nixon predicts phase II will work. Bus. seminars watch government experts explain phase II via closed circuit TV.
REPORTER: John Chancellor

(DC) Big business afraid pay board will give labor pay raises, while holding down prices and profits. [Treasury Secretary John B. CONNALLY - shows surprise when people asking if plan will work; says no other alternate; it has to work. Everybody must defend system under which they operate.]
REPORTER: Irving R. Levine

(Studio) Commerce Secretary Maurice H. Stans says if retroactive pay increases to workers blocked by freeze will damage business; says that decision up to pay bd. AFL-CIO President George Meany says if labor to cooperate with pay board, something must be done to ease wage restrictions.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.

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