News stories from Thursday February 12, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Capitol Hill is focusing on another North-South issue; President Nixon spoke about school integration and busing. He is against busing for integration, but is in favor of neighborhood schools and against dual school systems. Press secretary Ron Ziegler issued a statement of President Nixon's official position, which he says is in accordance with the 1964 Civil Rights Act which prohibits busing for racial balance.
Senator John Stennis said that the President's statement helps his position, but Senator Walter Mondale disagreed, calling the statement "ambiguous." The Department of Health, Education and Welfare declared that its position is unchanged; it favors busing as an effort to end discrimination. The President endorsed uniform desegregation rules to the extent that it would mean equal application of the law.
[CBS] - Yesterday a federal court ordered Los Angeles to fully integrate schools by September 1971. Attorneys for the schools will appeal that decision. The San Francisco NAACP has asked three southern governors to join them in a suit demanding the complete integration of San Francisco schools. The NAACP says that the northern position on integration is hypocritical. [CBS]
- Two Missouri high schools were closed after violence erupted. In an all-girls school, an argument arose between a teacher and a Black Panther. In Annapolis, Maryland, a school is in shambles due to racial disturbances. A Lima, Ohio, school was closed after racial fighting broke out. Thirty Marines were injured in a brawl between blacks and whites at Camp Pendleton. [CBS]
- The U.S. protested to Israel over its air raid near Cairo which wounded and killed Egyptian civilians; Israel said that a factory may have been hit by mistake. Israel warned Egypt about an unexploded 850-pound time bomb which was dropped during the raid. [CBS]
- Ninety-five U.S. soldiers were killed in Vietnam last week. The Viet Cong ambushed a Marine patrol near Danang today, and two helicopters were shot down. [CBS]
- At Fort Benning, the judge set May 18 as the tentative start of Lt. William Calley's trial in the My Lai massacre case. The judge ruled that publicity of the case will not prevent Calley from getting a fair trial. The Army has also charged Capt. Thomas Willingham, who was not in Calley's unit, with murder at My Lai. [CBS]
- The Chicago conspiracy trial moved toward a close, with final summations being given. The memory of Abraham Lincoln was evoked during summations when defense attorney Leonard Weinglass compared the courage of Lincoln to the "determination" of these seven defendants in protesting the Vietnam war. [CBS]
- An oil fire broke out in the Gulf of Mexico at a Chevron oil well on Tuesday. As long as the oil continues to burn it won't pollute the Gulf or the shore. [CBS]
- Vice President Spiro Agnew is scheduled to speak at a fundraising dinner in Chicago. Senator Edmund Muskie reacted to Agnew's speech of two days ago, saying that radicals are as concerned with the future of America as Agnew is, and the Vice President should try to understand them rather than attack their loyalty.
Agnew is drawing big crowds and big money. Rep. Rogers Morton says that Agnew's presence assures the success of an occasion. Speaking in St. Louis, Agnew stated that the American people have a leader of courage and vision in the White House. He then attacked Congressmen and Democrats. Agnew is Middle America's hero.
[CBS] - Nine workers and four police were hurt in a labor fight near Miami; no arrests were made. [CBS]
- New avalanches have further isolated Val D'Isere, France. [CBS]
- East German Premier Willi Stoph proposed talks with Willy Brandt on a treaty renouncing the use of force between East and West Germany. [CBS]
- Young Americans are on the way to Cuba to help Fidel Castro harvest sugar cane. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 755.61 (-1.72, -0.23%)
Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish. | |||||||||||||||
| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| February 11, 1970 | 757.33 | 86.94 | 12.26 |
| February 10, 1970 | 746.63 | 86.10 | 10.11 |
| February 9, 1970 | 755.68 | 87.01 | 10.83 |
| February 6, 1970 | 752.77 | 86.33 | 10.15 |
| February 5, 1970 | 750.26 | 85.99 | 9.43 |
| February 4, 1970 | 754.49 | 86.24 | 11.04 |
| February 3, 1970 | 757.46 | 86.77 | 16.05 |
| February 2, 1970 | 746.44 | 85.75 | 13.44 |
| January 30, 1970 | 744.06 | 85.02 | 12.32 |
| January 29, 1970 | 748.35 | 85.69 | 12.21 |