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News stories from Saturday June 5, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- North Vietnam shelled seven U.S. and South Vietnamese bases. Fire Base Charlie 2 has been shelled for the last four nights. Soldiers no longer eat in the mess hall; a single rocket killed 29 in a bunker last month. [CBS]
- President Nixon dedicated the Arkansas River navigation project; the project cost $1 billion and makes Tulsa, Oklahoma, a seaport. The Army Corps of Engineers, which built the project, was criticized by Rep. Henry Reuss and Assistant Interior Secretary Nathaniel Reed. Senator Jennings Randolph said that due to the nature of these projects, congressmen speak for and against them vigorously. Senator William Proxmire said that he feels the money could have been better spent elsewhere. [CBS]
- Defense Secretary Melvin Laird said that the Pentagon is considering building a new submarine capable of knocking out enemy ships instead of cities. [CBS]
- A report from Ralph Nader examines the relationship of government to big business and how government enforces monopoly laws. Nader says that unenforced antitrust laws increase the price of goods to consumers and decrease the rate of innovation of better products; they also lead to increases in pollution and increase the concentration of economic and political power. Project director Mark Green said that former Attorney Generals Herbert Brownell and Nicholas Katzenbach and Deputy Attorney General Richard Kleindienst most often disregarded antitrust laws.
Nader's report calls for the creation of a new government antitrust organization, the break-up of companies that dominate an industry, a ban on mergers by top 500 industrial companies, and a $2 million limit on company assets. General Motors called the report an unjustified attack on the Justice Department. [CBS]
- House Banking Committee chairman Wright Patman accused banks of overcharging loan customers by $150 million per year. [CBS]
- Four pilots were killed in a crash at an air show in Cape May, New Jersey. [CBS]
- In Waco, Georgia, a dynamite truck blew up after colliding with a car; five people were killed. Truck driver A.W. Fielding said that people ignored his pleas to get back before the truck exploded. State officials want to know why the truck carried both dynamite and blasting caps. [CBS]
- Police have stopped digging for the corpses of murdered migrant workers near Yuba City, California. [CBS]
- The Western Military Academy in Alton, Illinois, is closing for good. The superintendent, Col. Ralph Jackson, says that the school is closing due to the recession and the deglamorization of military service. Some students said that they won't miss the military atmosphere, just their friends. But other cadets noted that the academy did more for them than public school ever could. [CBS]
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