Search the Archive

Phase II / Freeze #454522

NBC Evening News for Thursday, Oct 28, 1971
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(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

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:03:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.