News stories from Friday August 13, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- While agreeing that the shooting of students at Kent State University was unnecessary, unwarranted and inexcusable, Attorney General John Mitchell said that an investigation found no evidence of conspiracy among the National Guardsmen involved. Parents of the victims called Mitchell's announcement "inconceivable". [CBS]
- Alabama Governor George Wallace ordered the re-opening of a predominantly black junior high school and called for President Nixon to issue an executive order forbidding busing to achieve school desegregation. Wallace said that he hasn't prepared for a confrontation because he is on the same side of the busing issue as the President; Wallace is trying to halt the chaos in Alabama that busing created.
The Nixon administration is reacting cautiously to Wallace's challenge; President Nixon has decided to ignore Wallace since no laws or court orders have yet been violated, because schools are not open. No action will be taken until laws or court orders are violated.
[CBS] - Pakistan claims to have crushed the revolt in East Pakistan. [CBS]
- The British army claims to have crushed the IRA in Northern Ireland; an IRA leader denied the claim. Northern Ireland Prime Minister Brian Faulkner accused Irish Prime Minister John Lynch of trying to overthrow his government. [CBS]
- An Egyptian newspaper reported that Egypt has threatened to renew fighting unless the United States pressures Israel into an interim peace settlement by Sunday. [CBS]
- More fighting was reported along the Syria-Jordan border. [CBS]
- Today is the Berlin Wall's 10th anniversary. East Germany's standard of living is estimated as being 20% below that of West Germany; 526 East German border guards have escaped over the wall in 10 years. West Berlin maintains 90 days of coal reserves in case access routes are blockaded by East Germany. 65 people have been killed trying to escape across the wall; East Germany is still working to improve the wall. [CBS]
- NATO will close its naval headquarters on Malta. [CBS]
- The U.S. dollar rallied slightly on European money markets. [CBS]
- NASA's Dr. Charles Berry reported that the Apollo 15 astronauts had more than the usual difficulty readjusting to gravity, and they had heartbeat irregularities during the flight. James Irwin had dizzy spells during and after the flight.
Eugene Cernan, Harrison Schmitt and Ronald Evans have been named for the Apollo 17 flight in December, 1972.
[CBS] - The FDA said that the government is seizing cans of Bon Vivant soup after a voluntary recall failed; the department also reported that 7,000 dozen eggs were seized after hens ate contaminated feed. [CBS]
- The Environmental Protection Agency is prepared to impose plans on states which fail to meet standards by next January; guidelines include taxes on polluters, relocation or closing of pollution sources, revised work hours to avoid pollution peaks, mandatory passenger car maintenance, and increased usage of mass transit. [CBS]
- Peru is protesting the nuclear fallout from France's tests in the Pacific Ocean. [CBS]
- The U.S. embassy in Saigon has ordered Americans to stay away from the South Vietnamese government information service because President Nguyen Van Thieu is using the agency to promote his re-election. [CBS]
- Veterans of Foreign Wars national commander Herbert Rainwater said he is convinced that some American POWs will be released by the end of the year. [CBS]
- Disabled Americans are beat rising medical and living costs by moving to Mexico. Paraplegic U.S. veterans are living in Guadalajara because they can live more cheaply; 300 have moved there from America. [CBS]
- Daniel Ellsberg said that Dr. Martin Luther King inspired him to leak the Pentagon Papers. [CBS]
- Joseph Columbo has been taken off the critical list seven weeks after being shot at a New York City Italian-American civil rights rally. [CBS]
- Former Ohio Governor James Rhodes dropped his $10 million libel suit against Life magazine. [CBS]
- The Nixon administration approved a loan of approximately $250 million for the establishment of a restaurant chain owned and operated by blacks. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 856.02 (-2.99, -0.35%)
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* |
| August 12, 1971 | 859.01 | 96.00 | 15.91 |
| August 11, 1971 | 846.38 | 94.66 | 11.37 |
| August 10, 1971 | 839.59 | 93.54 | 9.46 |
| August 9, 1971 | 842.65 | 93.53 | 8.11 |
| August 6, 1971 | 850.61 | 94.25 | 9.49 |
| August 5, 1971 | 849.45 | 94.09 | 12.10 |
| August 4, 1971 | 844.92 | 93.89 | 15.41 |
| August 3, 1971 | 850.03 | 94.51 | 12.49 |
| August 2, 1971 | 864.92 | 95.96 | 11.87 |
| July 30, 1971 | 858.43 | 95.58 | 12.97 |