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The article discusses the condition of economic policy in the administration of U.S. President Richard Nixon in 1974. It mentions that public confidence in the Nixon's administration's management of the economy is fast running out, after months of punishing inflation and low economic productivity. It discusses the appointment of Alan Greenspan, a Manhattan, New York City business consultant and owner of Townsend-Greenspan & Co., as the Council of Economic Advisers (CEA) chairman, replacing Herbert Stein.

The article reports on the move of the administration of President Richard Nixon to abandon the capital controls of former President John F. Kennedy in the U.S. It states that the capital controls were imposed in 1963 which were aimed to reduce the outflow of dollars to expanding economies and to decrease the balance-of-payments deficits. It mentions that financial institutions will no longer be required to abide the guidelines on the amount of money to be lent which was recommended by the Board of Governors of the Federal Reserve System.

The article focuses on the economic aspects of employment in the U.S. It stresses that the unemployment rate is increasing which affects major industries in the country including mining industry, aerospace industry, and communications industry. It notes that workers in the country is covering up the effect of inflation in 1974 through encouraging wage increase. It also mentions the effort made by the country's President Richard Nixon in the management of labor policies and employment opportunities in the country.

The article focuses on the Relief and Reform bill, tax reforms and extension of the income tax surcharge passed by Senate Finance Committee Chairman Russell Long. It says that it also approved provisions concerning several tax injustices which include elimination of unlimited charitable deductions, repeal of the 7% tax credit for business investment in machinery and equipment, and 23% cut to oil-depletion allowance. It adds that the main goal of the bill was to equalize federal tax burden.

The article announces the appointment of Russell E. Train as undersecretary of Walter Hickel in the U.S. Department of Interior. According to Hickel's predecessor Stewart Udall, Train is an internationally esteemed conservationist who supported the right causes. Udall notes that the federal government must prioritize in preserving open space that protects the environment. Moreover, Train has addressed educational and research programs during his leadership of the Conservative Foundation.

The article focuses on the planned strike by the United Auto Workers (UAW) organization against Chrysler Corp. on September 14, 1973 in the U.S. The right of workers to refuse overtime will be the most important demand by UAW which had already made strikes against Ford Motor Co. Ltd. and General Motors Corp. in 1967 and 1970 respectively. The position of Douglas Eraser as head of the Chrysler department and one of the vice presidents of UAW is considered to make the negotiations more complicated. Eraser was nominated as President of UAW but eventually lost to Leonard Woodcock in 1970.

The article presents the author's views regarding the Phase IV control program developed by the administration of the U.S. President Richard Nixon. It states that the program is designed to hold down prices particularly the anti-inflation policy. One of the topics mentioned at the Phase IV control program is the profit margins wherein big companies will have to get prior approval from the Cost of Living Council for all prices increases. Another topic is the Forced Savings Plan in which the Nixon administration is considering raising taxes to break inflation and restore foreign confidence in the dollar.

The article presents quotes about the Watergate case from various government officials under the administration of U.S. President Richard Nixon, including White House Press Secretary Ronald Ziegler, Attorney General Richard Kleindienst and Clark MacGregor, chief of the Committee for the Re-Election of the President (CRP).

The article presents the U.S. Senate confirmation hearing of former Federal Bureau of Investigation (FBI) chief L. Patrick Gray III for the Watergate wiretapping and bugging conspiracy trial in the U.S. It states that he denied of any White House involvement even though he submitted FBI reports to the White House on its Watergate investigation. It mentions that the White House has a possible link to the Watergate scandal since arrested men G. Gordon Liddy and E. Howard Hunt Jr. worked for the White House before moving to the Nixon re-election committee. President Gerald Ford asks White House attorney John W. Dean III to conduct an inhouse investigation of the case.

The article focuses on the problem faced by 3 million Vietnam veterans under U.S. President Richard M. Nixon administration, which is in favor of budget cuts. It states that the 1974 budget of President Nixon, which proposes a 277 million dollars cut for Veterans Association (VA), is the issue being raised at the protest in Washington, D.C. It notes that the veterans complain that a lack of education and training programs have put them near the opportunity to employment. Furthermore, VA has proposed to decrease the payments to some 225,000 physically disabled veterans.

The article focuses on the agreement under which the U.S. would sell at least 750 million dollars worth of its farm products to the Soviet Union. Earl Butz boasted that the agreement is the biggest grain transaction between two nations in history and is a major advance for U.S. agriculture. It says that the Russians, on the other hand, were anxious for the agreement as it is currently under worst farm crisis in a decade. It has already spend 1 billion dollars by the end of August 1972.

The article focuses on the proposal of Robert T. Jones of Ames Research Center to build a supersonic transport (SST) with a single elliptical-shaped wing. It says that the SST would fly as high as Mach 1.5 at a lesser cost and it could operate with relatively quiet turbofan jets which decreases noise on landings and takeoffs. It mentions that U.S. National Aeronautics and Space Administration (NASA) awarded Boeing Co. a contract for studies for the antisymmetric design of the plane.

The article focuses on submission of second-quarter reports by companies with annual revenues of 50 million dollars or more to the U.S. Price Commission, which could spark a clash between executives and price controllers. It says that the problem would be a regulation that companies permitted to raise prices must not set their profit margins above those of a base period. It states that the second-quarter reports are expected to disclose several companies exceeding their profit-margin ceilings.

The article offers information on the military attacks of U.S. in North Viet Nam. It says that over 500 U.S. warplanes poured North Viet Nam since Lyndon Johnson declared bombing halt in 1970 and strengthened its protective reaction strike as a key strategy. Meanwhile, U.S. withdrawal strategy called dynamic defense from British Strategist Basil Liddell Hart intends the threat of U.S. to use airpower anywhere in Indochina. It also mentions that attacks are due to the military formation of North Vietnamese that affected the U.S. air operations in Ho Chi Minh Trail in Viet Nam to Laos. Moreover, U.S. Defense Secretary Melvin Laird states that their attacks was purposely for the safety of American forces and that North Vietnamese violated the agreement on bombing halt negotiation in 1968.

The article focuses on the withdrawal of involvement of the U.S. from Vietnam. It is stated that the withdrawal of the U.S. forces from Vietnam has been a major concern for the administration of the U.S. President Richard Nixon. It informs that the U.S. was hopeful of open and competitive democracy in the elections to be held in Vietnam, but the Vietnam President Nguyen Van Thieu ordered the name of the opponent Vice President Nguyen Cao Ky off the ballot and turned the elections meaningless. It says that the selfishness of Thieu and Ky and their indifference to the procedures of democracy can lead to a faster withdrawal of the U.S.

The article reports on the testimony of decision made by the administration of U.S. President Richard M. Nixon assuring dollars 250 million in loans for Lockheed Aircraft Corp. As stated, the aid is expected to help Lockheed in completing the development of the L-1011 TriStar commercial jet under the defense contract with U.S. armed forces.

The article reports that the U.S. Administration under President Richard M. Nixon has terminated occupational draft deferments, including those for VISTA and the U.S. Peace Corps volunteers. Nixon proposed a merger of the Peace Corps, VISTA and some other smaller Government volunteer groups into a new corps that would provide an expanded opportunity for service. The organizations to be merged include the Peace Corps, VISTA, and the Teacher Corps.

The article discusses the present condition of segregation in education in the U.S. It mentions that according the U.S. president Nixon, Richard M., as per the orders of the U.S. Supreme Court around 90 percent of the schools have completely eliminated the practice of racial discrimination in schools. It reports that according to civil rights lawyers of Jefferson County, Alabama, even after the orders from the Supreme Court to implement unitary system and the transfer of around 10, 000 white students to African American schools have not been followed.

The article discusses the U.S. president Richard Nixon administration effort to encourage entrepreneurship among African Americans has not resulted in many businesses. The critics mention that administration faulted in providing loans and other help to would be entrepreneurs. However, a prominent African American economist describes that encouraging business in the city ghettos is not a correct strategy to bring racial equality. The views of other experts are discussed.