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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 25, 1973)
n THE BATTALION Wednesday, April 25, 1973 College Station, Texas Page 5 Nixon Pushing To Keep Wage-Price Regulatory Right WASHINGTON* UP) — Presi dent Nixon now is pushing to keep on the books the wage- price control law that he battled in Congress three years ago with the claim he didn’t want the power and never would use it. Congress is expected to com plete action on a one-year ex tension of the law when it re turns from its Easter recess Monday. Unless it acts, the President’s power to control wages and prices will expire at midnight Monday, meaning that his largely voluntary system of economic re straints would have to be aban doned. The Economic Stabilization Act was born in the inflationary boom of late 1969 and early 1970, but Nixon resisted pressure from the Democratic-controlled Congress to impose any kind of controls on wages, prices and rents until Aug. 15, 1971, when{ the White House dramatically rer- versed its economic policy. Congress passed the legisla tion to give Nixon standby pow ers to control wages, prices and rents in mid-August of 1970. But the White House made it clear in February that it had no in tention of using them. But less than six months later, Nixon finally used the powers that Congress had given him. In freezing wages, prices and rents in August of 1971, Nixon thus conceded that his old poli cies had not worked to bring in flation under control and cut the jobless rate. He asked for an extension of the Economic Sta bilization Act to April 30, 1973 and the power to control interest rates as well. Congress approved the exten sion pretty much as Nixon re quested, including the interest- rate provision, which Nixon has not yet used. The wage-price freeze dra^ matically slowed the rate of in flation during the 90 days it pre vailed. But it did not halt all price increases. Raw agricul tural products were exempt, for example. Afterwards, when the admin istration moved to the manda tory control system known as Phase 2, prices began accelerat ing again. During the 14 months of Phase 2 ending in January, consumer prices went up by more than 3.5 per cent. The biggest challenge to the program was the sharp increase in food prices. The administration began to counter seriously the food price problem when it announced the largely voluntary Phase 3 pro gram on Jan. 11. It took steps to increase supplies by making far- reaching changes in government WE’RE FIGHTING HIGH ALBERTSONS) MEAT PRICES! DRUGS & FOODS >• CHUCK 2$ a.- * ^0? BLADE SHOULDER ROAST..-"™ $ 1 18 SWISS STEAK >.*1 18 JIMMY DEAN SAUSAGE..:.".*.. . $ 1 78 BONELESS STEW $ 1 08 TOP ROUND STEAK...-?™ $ 1 68 RIB STEAK v —“ , $ 1 28 SI RLOIN STEAK $ 1 48 SLICED BACON 1 08 LONGHORN CHEESE-.r^Ii/S' DELICATESSEN-SNACK BAR ALL YOU CAN EAT! EVERY NIGHT IS SPAGHETTI NIGHT - ALL THE SPAGHETTI. SALAD AND GARLIC BREAD YOU CAN EAT. FROM 6 P.M. TO 10 P.M. COME ONE - COME ALL!!! mi-, CRISCO SHORTENING 3.:.78' PICANTE SAUCE i39< FIELD PEAS 45.89' GREEN BEANS . 45' FOX DELUXE PIZZAS CHEESE, HAMBURGER, SAUSAGE OR PEPPERONI 14 OZ. MEAT BUFFET SUPPERS GREEN BEANS “t'??:.*"!':'.™ 1 " 38' RED POTATOES = 2. 33' SWEET CORN 5.59' CELERY 29 ( ARTICHOKES =: „29 5 VARIETIES TO CHOOSE 9 LB - / PKG. WEST PAC POTATOES * DASH CASCADE 88 UNIVERSITY DR. AT COLLEGE AVE. agricultural policy. The original law provided that the President could stabilize wages, prices and rents at not less than their May 25, 1970 lev els. The law was being seriously debated in Congress at that time. When Nixon requested the lat est extension to April 30, 1974, he asked that Congress grant a simple extension without trying to mandate controls of its own. The measure got through the Senate in about the form that Nixon wanted, but the House Banking Committee adopted amendments that would have forced Nixon to roll back prices to their March 16, 1973 levels. The President threatened to veto if this provision was finally ap proved. Petition (Continued from page 1) summer session will not be re quired to pay this fee. “However, such students may elect to pay the required fee in order to have access to the Health Center and its services. Full time employees of the Texas A&M University System shall be ex empt from this fee.” The Shuttle Bus proposal, in volving a combination of allocated student services funds and a user fee, will also come before the Board. This proposal asks for the authorization of a bus user fee as follows: individual stu dent user—$18 per year, student husband and wife—$24 per year and faculty-staff—$22 per year. In the interests of being fair with students and also with the ease of administration and en forcement, the Shuttle Bus Com mittee and Traffic Panel have suggested special parking per mits for Shuttle Bus users. This includes “all students who pay the semester shuttle bus fee will be issued, without charge, a permit to park on the main campus on weekdays between 6 p.m. and 7 a.m. and all day on weekends and holidays.” A special option will be allotted for those students living in Uni versity-owned apartments. This option allows them to purchase a parking permit at a reduced price, $3.50 per semester, $6 per academic year and $3.50 per sum mer session, allowing them to park in apartment areas at all times and on the main campus at the times mentioned above. Kunze Named To Advisery Committee Dean George W. Kunze, dean of A&M’s Graduate College, has been appointed to an advisery committee of the Council of Grad uate Schools in the United States. The committee meets annually with members of the Institute of International Education, and pro vides views and information about graduate education as re lated to the university as a whole and U. S. higher education in general, with emphasis upon the foreign student. The advisery committee will meet with members of the HE in New York May 18. Other members of the commit tee include graduate school rep resentatives from the University of Minnesota, Massachusetts In stitute of Technology, the Uni versity of Michigan, Columbia University and the University of California at Davis. FOR BEST RESULTS TRY BATTALION CLASSIFIED Douglas Jewelry 212 N. Main - Bryan - 822-3119 Ponderosa Specials • Friday Evening Fish Fry — $2.00 • Sunday Noon Lunch $2.00 • Special Weekend Rates for Parents & Students Call 846-5794 Ponderosa Motor Inn ;