Business: INFLATION JAWBONING, NIXON-STYLE

FROM the start of its fight against inflation, the Nixon Administration pledged not to copy Lyndon Johnson's controversial "jawbone" tactics. There has been considerable jawboning, but it is different from Johnson's. Johnson's jawboning involved White House pressure on specific industries against specific price increases. Nixon is substituting mild admonitions to business and labor en masse. Last month he wrote to 2,200 business and labor leaders, urging them to hold the line on wage and price increases. Last week he followed up by inviting 3,000 corporate leaders to the cavernous ballroom of Washington's Sheraton-Park Hotel; 1,800 came for an anti-inflation "briefing" reminiscent...

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