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Wage-Price Freeze #459558

NBC Evening News for Thursday, Aug 26, 1971
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(Studio) Admin. planning board chief Dr. Herbert Stein hopes controls of wages and prices won't be necessary beyond 90 day freeze; says some additional measures will be necessary though; Cost of Living Council says pro athletes not exempt from freeze; 125 lawyers representing organized labor meet to decide on action in response to freeze.
REPORTER: John Chancellor

(DC) Assistant Labor Secretary William J. Usery meets with AFL-CIO President George Meany to arrange meeting with Labor Secretary James D. Hodgson. [USERY - says his job is promoting good labor-management relations] [Labor Secretary James D. HODGSON - says told Meany of Cost of Living Council activities, willingness to work with labor on planning for phase 2.] [AFL-CIO lawyer J. Albert WOLL - says lawyers discussing whether Congress has improperly delegated powers to United States President, whether executive orders constitute violation of due process, how labor can protect itself.]
REPORTER: Irving R. Levine

Reporter(s):
Chancellor, John;
Levine, Irving R.
Duration:
00:02:50

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