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On October 12, 1971, President Richard M. Nixon and George P. Shultz talked on the telephone from 9:58 am to 10:04 am. The White House Telephone taping system captured this recording, which is known as Conversation 011-055 of the White House Tapes. Topics include: The President talked with George P. Shultz. [See Conversation No. 288-11D] Wage and Price controls - Shultz and James D. Hodgson - Meeting with George Meany - William J. Usery - Leonard Woodcock - Larry Silberman - Frank E. Fitzsimmons - Meany - War Labor Board - John B. Connally - Hodgson's and Shultz's meeting with the President Economy - The President's handling vis- A- Vis press - Hodgson's and Shultz's meeting Shultz's schedule - Hodgson, Silberman, Usury Kissinger's conversation with Meany - Announcement of the President's intention to attend a summit conference in Moscow in May 1972 - Rationale Economy - Labor - Press - Administration position - James W. Roach - Administration's relations - Connally - Ronald L. Ziegler. Participants: Nixon, Richard M. (President); Shultz, George P.