Ask the Scholar
Page 11 of 18
I can add historical knowledge about this page.
Page image
OCR
11
but they are optimistic. He noted that after the first
the controls "machine" will have to deal with rules
(retroactivity) the Admin didn't want.
CLC called the Nov. COL figures encouraging but
added that larger increases would be recorded in the
coming months "reflecting some of the pressures which
built up during the freeze. 11
UPI leads: "It now
appears that inflation, dealt a stinging tho not fatal
blow by RN's economic controls, will close out '71
at a markedly reduced rate compared to '70.
11
AP's Neikirk leads: "After claiming success for
trimming the rate of inflation during the freeze, the
Admin is now bracing for a temporary surge in the
COL. RN advisers say they fully expect the inflation
surge to take place as the nation's economy moves
thru the transition from freeze to thaw. "
CBS noted Secy. Stans said that Xmas sales appear
to be registering the biggest annual gain: in 5 years --
an estimated 8-9% over '70.
The CLC announced it does not plan to impose any con-
trols over interest rates "at this time, 11 the CLC is
formulating a voluntary program.
Wright Patman
said the Admin's refusal to put controls on interest
rates is "a sorry holiday greeting to millions of
consumers" and a violation of Congressional intent.
Pacific Coast longshoremen agreed to extend their
present contract until Jan. 10, heading off a possible
resumption of the 100-day strike on Christmas Day.
Page data
- Page
- 11
- Source index
- 0
- Type
- photo
- Media ID
- ce00a9935c5a7f68
- Size
- unknown
Document data
- ID
- 574778821
- Core
- doc
- Type
- document
DTO data
{
"id": "574778821",
"sourceUrl": "https://catalog.archives.gov/id/574778821",
"contentType": "document",
"title": "News Summaries - December 1971 [6 of 6]",
"citationUrl": "https://catalog.archives.gov/id/574778821",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Office Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"imageCount": 18,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Context sent to Scholar
Document identity
{
"localId": "574778821",
"label": "News Summaries - December 1971 [6 of 6]",
"core": "doc",
"dtoType": "document",
"citationUrl": "https://catalog.archives.gov/id/574778821"
}
Document source metadata
{
"id": "574778821",
"sourceUrl": "https://catalog.archives.gov/id/574778821",
"contentType": "document",
"title": "News Summaries - December 1971 [6 of 6]",
"citationUrl": "https://catalog.archives.gov/id/574778821",
"collections": [
"White House Staff Member and Office Files (Nixon Administration)",
"President's Office Files"
],
"iiifBase": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"thumbnailUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"largeImageUrl": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-001.jpg",
"imageCount": 18,
"hasImages": true,
"source": "import",
"hasTranscription": false
}
Document source extras
{
"url": "https://catalog.archives.gov/id/574778821",
"naId": 574778821,
"levelOfDescription": "fileUnit",
"recordType": "description",
"ocrSource": "nara-archive"
}
Page context
{
"seq": 11,
"pageIndex": 0,
"type": "photo",
"url": "https://s3.dualstack.us-east-1.amazonaws.com/NARAprodstorage/lz/presidential-libraries/nixon/rn-smof/876218/Batch0003/047/37-sf-smof-pof-876218-047-06/37-sf-smof-pof-876218-047-06-011.jpg",
"mediaId": "ce00a9935c5a7f68",
"ocrText": "11\nbut they are optimistic. He noted that after the first\nthe controls \"machine\" will have to deal with rules\n(retroactivity) the Admin didn't want.\nCLC called the Nov. COL figures encouraging but\nadded that larger increases would be recorded in the\ncoming months \"reflecting some of the pressures which\nbuilt up during the freeze. 11\nUPI leads: \"It now\nappears that inflation, dealt a stinging tho not fatal\nblow by RN's economic controls, will close out '71\nat a markedly reduced rate compared to '70.\n11\nAP's Neikirk leads: \"After claiming success for\ntrimming the rate of inflation during the freeze, the\nAdmin is now bracing for a temporary surge in the\nCOL. RN advisers say they fully expect the inflation\nsurge to take place as the nation's economy moves\nthru the transition from freeze to thaw. \"\nCBS noted Secy. Stans said that Xmas sales appear\nto be registering the biggest annual gain: in 5 years --\nan estimated 8-9% over '70.\nThe CLC announced it does not plan to impose any con-\ntrols over interest rates \"at this time, 11 the CLC is\nformulating a voluntary program.\nWright Patman\nsaid the Admin's refusal to put controls on interest\nrates is \"a sorry holiday greeting to millions of\nconsumers\" and a violation of Congressional intent.\nPacific Coast longshoremen agreed to extend their\npresent contract until Jan. 10, heading off a possible\nresumption of the 100-day strike on Christmas Day."
}