News stories from Monday February 7, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Presidential aide H.R. Haldeman criticized Democratic presidential candidates for knocking the President's Vietnam peace plan. Haldeman declared that critics are consciously aiding the enemy and they must favor a Communist government in South Vietnam. Haldeman's influence with President Nixon is said to be as great as Attorney General Mitchell's and aide Henry Kissinger's. White House press secretary Ron Ziegler clarified that Haldeman was speaking for himself and not the administration.
Senator George McGovern accused President Nixon of impugning other people's motives to cover his own mistakes. Democrat party chairman Lawrence O'Brien called Haldeman's statements "heavy-handed demagoguery" and demanded that the President have Haldeman name those who he accused and document the charges, or retract the statement and make a public apology.
[CBS] - President Nixon signed the campaign reform bill which calls for limits on election spending and requires reports concerning financing. [CBS]
- Senator Hubert Humphrey is having trouble organizing his campaign and has threatened to withdraw from the presidential race due to staff disorder. His campaign director has no national experience. [CBS]
- The Senate Labor Committee approved President Nixon's request to end the West coast dock strike by arbitration, but the House Labor Committee substituted its plan instead. The House plan calls for a partial 60-day injunction, covering the shipping of military and agricultural products. [CBS]
- George Boldt was confirmed by the Senate as Pay Board chairman despite labor opposition. Jack Grayson was confirmed as Price Commission chairman. The United Auto Workers union filed the first court test of a Pay Board decision, involving aerospace workers. The Price Commission rejected Toyota's request to raise its prices. [CBS]
- President Nixon requested a manpower training program to reduce unemployment at the local level. [CBS]
- British officers have issued summonses for the arrest of the leaders of Sunday's march in Newry, including Parliament member Bernadette Devlin. Catholic civil rights leaders are calling for Wednesday to be "Disruption Day" in Northern Ireland, in protest of the law which permits internment without trial. Violence has escalated dramatically in Northern Ireland since the introduction of the practice of internment. An internment camp near Belfast is called a "concentration camp". The Internment Law of 1922 allows the government to arrest anyone who is suspected of subversive activities and intern him without trial. [CBS]
- As a result of troop withdrawals, the number of U.S. Army personnel in Vietnam is now below 100,000. [CBS]
- Cambodian Premier Lon Nol blasted his troops for wasting ammunition by opening fire on an eclipse of the moon in connection with mythological superstition. [CBS]
- Clifford Irving appeared before a federal grand jury in New York to give his account of the Howard Hughes affair. [CBS]
- The FDA had proposed that the amount of iron in bread and flour be doubled to combat widespread anemia from iron deficiency, but reconsidered its proposal when doctors warned that excess iron could produce hemochromatosis. [CBS]
- Britain will change to the metric system in the mid-1970's, in keeping with a European Common Market directive. [CBS]
- Negro labor leader Joseph Kalep was shot to death in Miami. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 903.97 (-2.71, -0.30%)
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* |
| February 4, 1972 | 906.68 | 104.86 | 17.89 |
| February 3, 1972 | 903.15 | 104.64 | 19.88 |
| February 2, 1972 | 905.85 | 104.68 | 24.07 |
| February 1, 1972 | 901.79 | 104.01 | 19.60 |
| January 31, 1972 | 902.17 | 103.94 | 18.25 |
| January 28, 1972 | 906.38 | 104.16 | 25.00 |
| January 27, 1972 | 899.03 | 103.50 | 20.36 |
| January 26, 1972 | 889.15 | 102.50 | 14.94 |
| January 25, 1972 | 894.72 | 102.78 | 17.57 |
| January 24, 1972 | 896.82 | 102.57 | 15.64 |