Business: Nixon's New Keep-Them-Guessing Policy

ONE thing President Nixon vowed not to do when he took office was to "jawbone"—to bring direct presidential pressure to bear against companies or unions that seek big price or wage boosts. Yet the President and his advisers are now busily shaping a technique for doing just that. Their plans strongly resemble the Lyndon Johnson policies that Nixon has often scorned as inequitable and ineffective. The reason is simple: two weeks ago, the President was finally provoked into swinging the jawbone hard—and last week his effort yielded him a much-needed gain in the...