This Day In 1970's History: Friday September 7, 1973
- In economic news: wholesale prices jumped in August; the Cost of Living Council issued its rules for Phase IV; beef prices are unfrozen as of midnight Sunday; a 10%-30% cut-back in price increases on 1974 model cars and trucks has been ordered; hearings regarding the supplies and costs of gasoline and home heating oil are set.
The prices of farm products increased the most in August, also processed foods and feeds. Grain, egg and poultry prices have been rising since the was freeze lifted on August 12. Treasury Secretary George Shultz thinks the worst is over, and Agriculture Secretary Earl Butz believes that retail prices won't rise much more now. AFL-CIO president George Meany called President Nixon's economic programs "failures". [CBS]
- The Soviet purchase of American grain last year drove prices up. Treasury Secretary George Shultz said that he hopes to get a decrease in Russian purchases. [CBS]
- John Ehrlichman pleaded innocent to charges regarding the burglary of Daniel Ellsberg's psychiatrist's office. Ehrlichman, who is charged with conspiracy, burglary, and perjury, surrendered today and referred reporters' questions to his attorney. Ehrlichman lawyer Joseph Ball stated that the whole matter is political. Ehrlichman, along with White House "plumber" David Young, were driven to the Los Angeles county jail for booking, and were later released without bail. [CBS]
- Henry Kissinger went before the Senate Foreign Relations Committee for confirmation proceedings. The committee was concerned about Watergate and wiretaps. Kissinger stated that plugging national security leaks was the only purpose of the wiretaps. The secret bombing of Cambodia in 1969-1970 was also a concern. A snag in Kissinger's confirmation is possible, as the committee wants an FBI report on Kissinger's role in wiretaps. Attorney General Elliot Richardson will be consulted. [CBS]
- A plot to hook marijuana smokers on harder drugs has been uncovered. Congressman Lester Wolff, chairman of the House subcommittee on narcotics, stated that Asian drug dealers are lacing pot with opium, which reaches the United States through military channels. [CBS]
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