The Nation: Scorecard on the Freeze

PRESIDENT NIXON won three major victories last week in defense of his new economic policies. Japan finally floated its yen in relation to the dollar; organized labor, led by A.F.L.-C.I.O. President George Meany, backed off from its threat to contest the wage-price freeze in court; and, after a brief show of defiance, Texas conceded that the freeze covers state and local government employees. Some of the week's other highlights:

THE ECONOMY. Confidence among consumers and businessmen continued to rise, but it was tempered with caution and a lingering sense of confusion. The New York Stock Exchange's Dow Jones industrial...

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