News stories from Thursday July 23, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Soviets responded to the Mideast peace plan offered by the United States; Israel has not yet responded. The administration reported basic Soviet acceptance and Gamal Abdel Nasser's confirmation of the plan. Israel opposes the 90-day cease-fire because they fear it would result in a United Arab Republic military buildup, and Israel refuses to leave occupied land.
The U.S. State Department is optimistic.
[CBS] - The 101st Airborne Division abandoned a base near the demilitarized zone under heavy enemy fire. [CBS]
- Today's session of the Paris Peace Talks was fruitless. [CBS]
- A federal grand jury has indicted 13 Students For a Democratic Society-Weathermen leaders for bombing conspiracy. The Weathermen are "hard core" underground, planning bombings; their whereabouts have been unknown since early in the year. [CBS]
- The Senate passed the Washington, DC crime bill by a vote of 54-33. The bill is a model for legislation proposed for other states, and it includes preventive detention, mandatory minimum sentences, wiretaps and "no-knock" search warrants. [CBS]
- The Justice Department has stopped classifyng all organized criminals as "Mafia". [CBS]
- The Trial Lawyers Organization is asking judges to take strong action against unruly attorneys and disruptive defendants. [CBS]
- The White House released some of academic adviser Alexander Heard's recommendations. Heard asked the President to use moral force to reduce national tension, and to pay attention to what students and blacks think.
The administration is making moves to improve black colleges and is pushing for desegregation of public schools. Presidential adviser George Shultz thinks that the situation will be improved when obvious segregation is eliminated. Robert Finch denies that President Nixon is becoming more liberal.
[CBS] - An Ohio newspaper reports that the FBI has concluded the Kent State University shootings were unnecessary, and the National Guard could have gained control of rioting students through other means. [CBS]
- Two University of Kansas students have been killed during riots. In Lawrence, Kansas, school proceeds as usual but the town is nervous after six nights of disorders. Students now march through the town peacefully; the funeral march for a slain black student was also quiet but the city is polarized. [CBS]
- Gas bombs hit the British House of Commons; the arrested bomber stated that the police use too much tear gas in Northern Ireland. [CBS]
- A Senate committee heard testimony about breakfast cereals. Cereals aimed at children use misleading ads, have little nutritional value and are marketed via big advertising campaigns. [CBS]
- Defense Secretary Melvin Laird stated that he expects draft calls to be under 10,000 per month for the rest of the year. [CBS]
- Congress can't get detailed information about American involvement in Laos.
Air America's business is war; the CIA pays for it, controls it, and operates the airline throughout Southeast Asia. Air America provides logistical support for mercenaries in Laos, which the CIA also pays for. Air America is like an extension of the U.S. Air Force.
[CBS]
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Stock Market Report
Dow Jones Industrial Average: 732.68 (+8.01, +1.11%)
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* |
| July 22, 1970 | 724.67 | 77.03 | 12.46 |
| July 21, 1970 | 722.07 | 76.98 | 9.94 |
| July 20, 1970 | 733.91 | 77.72 | 11.66 |
| July 17, 1970 | 735.08 | 77.69 | 13.87 |
| July 16, 1970 | 723.44 | 76.34 | 12.20 |
| July 15, 1970 | 711.66 | 75.23 | 8.86 |
| July 14, 1970 | 703.04 | 74.42 | 7.36 |
| July 13, 1970 | 702.22 | 74.48 | 7.45 |
| July 10, 1970 | 700.10 | 74.57 | 10.16 |
| July 9, 1970 | 692.77 | 74.06 | 12.82 |