News stories from Monday March 8, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The four kidnapped U.S. Air Force men were freed in Turkey, although the U.S. and Turkey refused to make any ransom payment and are still searching Ankara for the kidnappers. [CBS]
- The Supreme Court ruled that opposition to a specific war is not sufficient grounds for conscientious objector status. [CBS]
- Capt. Ernest Medina will be tried for murder related to the 1968 incident at My Lai. [CBS]
- Chinese Premier Chou En-lai is visiting North Vietnam. His visit is viewed by experts as indication of the success of the U.S.-South Vietnam operation in Laos, and of North Vietnam's need for help. Red China is not expected to involve troops but sending laborers, supplies and pilots is possible. [CBS]
- Secretary of State Rogers defended the Laos operation. Rogers said that he expects tough fighting and some dissent in the U.S., but the operation saves American lives. Rogers also said that the Vietnamization program has been successful, but it is difficult fighting a defensive war. He added that South Vietnam should have no military restrictions. [CBS]
- South Vietnamese marines killed 250 of the enemy in a battle in Laos, and South Vietnam now holds three major parts of the Ho Chi Minh Trail. There are reports that North Vietnamese regiments are preparing a counterattack on Tchepone, Laos. [CBS]
- There was no resumption of fighting in the Mideast despite the cease-fire's expiration. Israel charged that Palestinian guerrillas fired rockets from Jordan. [CBS]
- Nationalist Chinese diplomat Sun Chi-Chou has reportedly defected to Red China. [CBS]
- Congress is offering a $100,000 reward for the capture of those involved in the recent bombing of the Capitol building. [CBS]
- The U.S. Air Force is beginning an amnesty program for those admitting a drug habit. [CBS]
- In Miami, 16-year-old hijacker Thomas Marston surrendered after the pilot convinced Marston that he would be in serious trouble if the hijacked plane landed in Montreal. Marston was worried about bad grades and said that his parents were "on his back." [CBS]
- The Supreme Court refused to hear the case of atheist Madalyn Murray O'Hair; her case is related to religious messages from Apollo 8 and Apollo 11 astronauts. The court barred the use of job promotion tests which tend to disadvantage blacks, and upheld a Maryland court's decision that the movie "I Am Curious (Yellow)" is obscene. [CBS]
- Prince Charles, the heir to the British throne, joined the Royal Air Force for five months of jet pilot training. He will begin five years in the Navy this fall. [CBS]
- FDA agents have seized the non-polluting, non-phosphate laundry detergent, "Ecolo-G", due to its high alkaline content. A New Jersey firm, the North American Chemical Company, distributes Ecolo-G. The company, which has a history of connections with a broker who has reputed ties to organized crime, denied that the broker works for them now and also denied that Ecolo-G has a high alkaline level. Alkaline is dangerous to the eyes, is poisonous, and could damage water. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 898.62 (+0.62, +0.07%)
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 5, 1971 | 898.00 | 98.96 | 22.43 |
| March 4, 1971 | 891.36 | 97.92 | 17.35 |
| March 3, 1971 | 882.39 | 96.95 | 14.68 |
| March 2, 1971 | 883.01 | 96.98 | 14.87 |
| March 1, 1971 | 882.53 | 97.00 | 13.02 |
| February 26, 1971 | 878.83 | 96.75 | 17.25 |
| February 25, 1971 | 881.98 | 96.92 | 16.20 |
| February 24, 1971 | 875.62 | 96.73 | 15.93 |
| February 23, 1971 | 870.00 | 96.09 | 15.08 |
| February 22, 1971 | 868.98 | 95.72 | 15.84 |