News stories from Thursday December 17, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Riots are continuing in Poland; the army has been ordered to shoot to kill. Up to 20 people have been killed and hundreds are injured. A bomb hit the Soviet embassy in Warsaw as mobs burned government buildings. The Soviet government threatened to crack down on Polish dissenters, and warned Western reporters not to get their information from disreputable sources. [CBS]
- The Senate moved to end filibusters on the supersonic transport and import quota bills. Bills regarding trade, Social Security and welfare reform have been killed. Senator Jacob Javits slowed down Senate business by forcing the consideration of each of 287 separate parts of one bill. [CBS]
- The House completed its action on a job safety bill which sets standards for workers. [CBS]
- Six teenage girls, members of "Nader's Raiders", told the Senate that nursing home conditions are deplorable. [CBS]
- Saigon claims that anti-American terrorism is part of a Viet Cong campaign. Three more Americans were killed in bombings today. [CBS]
- The Communists withdrew their demand that all U.S. troops be out of Vietnam by June 30, 1971 before they will negotiate. [CBS]
- Lt. William Calley's trial will take a 23-day recess for Christmas. F. Lee Bailey, the attorney for Capt. Ernest Medina, says he is unconcerned about testimony that Medina ordered civilians to be killed at My Lai. [CBS]
- A Pentagon task force report states that black soldiers are frustrated. Military commanders have now been ordered to end discrimination, and they can declare clubs and other places off limits to all military personnel if they discriminate against blacks. [CBS]
- British Prime Minister Heath and President Nixon discussed the Mideast situation. [CBS]
- Pope Paul has recovered from a bout with the flu. [CBS]
- Chicago Mayor Richard Daley announced that he will run for a fifth term. [CBS]
- Government researchers released a report on marijuana which states that repeated pot smoking has a cumulative effect because the drug stays in the blood. [CBS]
- Charles Manson has been charged with a ninth murder -- he, Bruce Davis and Steve Grogan are charged with killing Ronald Shea though Shea's body has not been found. [CBS]
- The government indicted Reverend William Stringfellow and poet Anthony Towne for sheltering priest Daniel Berrigan from the law after Berrigan burned draft records. [CBS]
- Army Secretary Stanley Resor says that the intelligence department has not investigated Congressmen, but former Army intelligence agent Ralph Stein disagrees. President Nixon stated that he won't permit political surveillance. Stein claims that the Army wanted to control civil rights protests and had files on the NAACP; he also stated that all persons involved in racial or left- or right-wing organizations were suspect. The information in the files did no good as far as halting riots. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 822.15 (+3.08, +0.38%)
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* |
| December 16, 1970 | 819.07 | 89.72 | 14.24 |
| December 15, 1970 | 819.62 | 89.66 | 13.42 |
| December 14, 1970 | 823.18 | 89.80 | 13.81 |
| December 11, 1970 | 825.92 | 90.26 | 15.79 |
| December 10, 1970 | 821.06 | 89.92 | 14.61 |
| December 9, 1970 | 815.24 | 89.54 | 13.55 |
| December 8, 1970 | 815.10 | 89.47 | 14.37 |
| December 7, 1970 | 818.66 | 89.94 | 15.53 |
| December 4, 1970 | 816.06 | 89.46 | 15.98 |
| December 3, 1970 | 808.53 | 88.90 | 20.48 |