The Administration this week rolled up its artillery in a last-ditch attempt to stabilize prices and wages, and to hold John L. Lewis.
Move No. 1 was announcement of a subsidy program, running as high as $2 billions per year, which would be used to hold down the cost of living. Of this amount $400,000,000 will be paid to processors of seven vital foodstuffs-in order to induce a 10% reduction in their prices.
Move No. 2 was the imposition of dollars-&-cents ceilings on most important foods in 150 major cities. These specific ceilings will...
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