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Wage-Price Freeze #459398

NBC Evening News for Wednesday, Aug 18, 1971
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(Studio) President Nixon begins cross-country spking. tour in Springfield, Illinois; spoke in New York City last night.
REPORTER: John Chancellor

(NYC) [NIXON - says feels American experiencing new confidence, willingness to face reality, revival of moral courage.]
REPORTER: No reporter given

(Springfield, Illinois) [NIXON - says those interpreting new policy as economy isolationism mistaken; would be mistake for United States to quit trying to be number 1.]
REPORTER: Herbert Kaplow

(Studio) Admin. decides wages of policemen, firemen and teachers should be frozen.
REPORTER: John Chancellor

(DC) Cost of Living Council making decisions concerning specifics of new econ. policy. Council decides state and local taxes may be incrd. during freeze; higher import taxes may result in higher prices during freeze; prices of new products must be similar to products already available; fresh food prices may be incrd.; Council has yet to rule whether wages can be paid retroactively after freeze.
REPORTER: Catherine Mackin

(Studio) Justice Department may be able to increase fines for freeze violators beyond $5,000 limit by using contempt of court fines.
REPORTER: John Chancellor

(DC) Office of Emergency Preparedness recs. complaints regarding increases in cost of rent, insurance premiums, food; will follow up only on substantial violations.
REPORTER: Ron Nessen

Chancellor, John;
Kaplow, Herbert;
Mackin, Catherine;
Nessen, Ron

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