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Monday November 15, 1971
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This Day In 1970's History: Monday November 15, 1971
  • The Chinese delegation was welcomed to the United Nations today. U.S. Ambassador George Bush spoke of the fight which ended with China's admittance and said that America is sure that we can move toward peace and justice in the world. The Albanian representative lashed out at American and Soviet imperialism. [CBS]

  • AFL-CIO president George Meany attacked U.S. foreign policy and accused President Nixon of courting the world's Communist leaders in order to open trade markets for American corporations. Meany called Nixon's policy a threat to American workers. [CBS]

  • The Cost of Living Council issued a ruling concerning auto makers. The council ruled that auto manufacturers must notify the Price Commission about intended price hikes. The increase can take effect 72 hours after notification if the commission does not reject it within that time. President Nixon appeared before the council today to praise it, and he praised the American public for the success of the wage-price freeze. The President said that continued support will cut inflation in half by next year. [CBS]

  • Ford and General Motors reported record sales for the first 10 days of November. Chrysler Corporation also had big increases; only American Motors sales were down. [CBS]

  • The Commerce Department reported that the balance of payments trade deficit was the highest ever. [CBS]
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