News stories from Thursday March 26, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Judge G. Harrold Carswell's support in the Senate has eroded. Senator William Fulbright announced that he will vote to return Carswell's nomination to the Judiciary Committee. Fulbright says that he wants a southern judge on the Supreme Court, but not Carswell. The return to committee makes Carswell's defeat more likely. [CBS]
- Air traffic controllers are continuing their slowdown, but the effects of it have eased. The Federal Aviation Administration and the Professional Air Traffic Control Organization dispute the legality and safety of the slowdown. The FAA's John Shaffer claims that safety is being maintained; PATCO attorney F. Lee Bailey called Shaffer a liar. The National Transportation Safety Board wants a rule prohibiting air controllers' swapping shifts to prevent fatigue. [CBS]
- Negotiations on the Senate's post office bill collapsed. Union leaders want a 20% pay increase but the government has proposed an 11% pay increase, calling the union demands fantastic and inflationary. [CBS]
- 425,000 Teamsters may cancel their strike threat; a settlement appears near. [CBS]
- Interior Secretary Walter Hickel warned a German chemical firm against pollution from its proposed South Carolina factory. [CBS]
- Vice President Spiro Agnew discussed school desegregation with resistance leader Louisiana Governor John McKeithen. [CBS]
- The Federal Communications Commission banned ownership of more than one of any city's television stations, radio stations or newspapers by the same person. [CBS]
- A Massachusetts judge ordered the reopening of the Senator Edward Kennedy-Mary Jo Kopechne investigation. [CBS]
- The Atomic Energy Commission exploded a nuclear device under the Nevada desert. [CBS]
- Apollo 13 astronauts practiced for their April 11 liftoff. NASA named geologist Dr. Harrison Schmitt to back up the Apollo 15 crew. [CBS]
- Sixteen inches of snow halted air and land traffic and disrupted schedules in Chicago. [CBS]
- A Vietnam peace group released the names of 34 missing airmen, in hope that North Vietnam will notify the families of their status. The Pentagon said that it's a cruel effort to extract political gain from the families involved, but the POWs' wives are hopeful. American representatives at the Paris peace talks offered 343 wounded prisoners of war in exchange. North Vietnam called the proposal a farce. [CBS]
- Ellsworth Bunker, the U.S. ambassador to Saigon, may be replaced due to his overt support of President Nguyen Van Thieu's regime. [CBS]
- North Vietnam and the Viet Cong closed their Cambodian embassies, saying that the move is not a diplomatic break, just a temporary suspension of relations. U.S. planes bombed Cambodian Communists for the first time since Prince Sihanouk's overthrow. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 791.05 (+0.92, +0.12%)
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* |
| March 25, 1970 | 790.13 | 89.77 | 17.50 |
| March 24, 1970 | 773.76 | 87.98 | 8.84 |
| March 23, 1970 | 763.60 | 86.99 | 7.33 |
| March 20, 1970 | 763.66 | 87.06 | 7.91 |
| March 19, 1970 | 764.98 | 87.42 | 8.93 |
| March 18, 1970 | 767.95 | 87.54 | 9.79 |
| March 17, 1970 | 767.42 | 87.29 | 9.09 |
| March 16, 1970 | 765.05 | 86.91 | 8.91 |
| March 13, 1970 | 772.11 | 87.86 | 9.56 |
| March 12, 1970 | 776.47 | 88.33 | 9.14 |