News stories from Thursday February 10, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Thieu says that he will yield no more on peace proposals. He stated that South Vietnam must authorize all future U.S. troop withdrawals, and he called for a summit with President Nixon. [CBS]
- In a news conference, President Nixon said that he won't make any new peace proposals until North Vietnam responds to the last one, and he will make no deals concerning South Vietnam's political future without President Thieu's agreement. Nixon warned Democrat presidential candidates against criticizing peace efforts, and he declined to disavow statements make by aide Bob Haldeman to the effect that some Democrats are consciously aiding the enemy. The President conceded that "mistakes" were made by his administration during the India-Pakistan War. [CBS]
- The U.S. indefinitely postponed future sessions of the Paris Peace Talks due to the Communists meeting at Versailles, France. The talks will probably resume next week. [CBS]
- In New York, 10 South Vietnamese students seized the offices of the South Vietnam Consul General for four hours and demanded the resignation of President Thieu and his regime. The students were later arrested. [CBS]
- One hundred U.S. and 100 South Vietnamese sorties were flown in response to increased enemy activity in South Vietnam. U.S. soldiers are still concerned about sneak attacks. [CBS]
- Two U.S. combat fatalities were reported for the week; 31 were wounded. [CBS]
- Senator Henry Jackson proposed that the "big powers" freeze military aid to both sides in the Vietnam war. [CBS]
- A booby trap mine on the Irish border killed two British soldiers and wounded another. [CBS]
- Rep. Benjamin Rosenthal called on President Nixon to extend price controls to raw agricultural products in order to stem the 4% increase in food prices whch has been predicted by the Agriculture Department. Price Commission chairman Jack Grayson asked housewives to cut meat expenditures to force prices down. [CBS]
- The administration sent Congress a package on health insurance legislation, including a requirement for public fee schedules; the American Medical Association opposes it. [CBS]
- Health, Education and Welfare Secretary Elliot Richardson will give a report to Congress on marijuana and health. The study shows that driving can be impaired after smoking marijuana, but downgrades the assumption that the use of marijuana leads to harder drugs. [CBS]
- The government has stepped up its crackdown on "speed" and other stimulant drugs by cutting domestic production of amphetamines by 80%. Attorney General John Mitchell says that the remaining 20% is sufficient for legitimate medical use. [CBS]
- An amphetamine type-drug called ephedrine was found in the urine of a West German hockey player at the Winter Olympics in Sapporo, Japan. He may be ejected from the games. [CBS]
- President Nixon ordered the study of a possible constitutional amendment which would forbid forced busing in order to integrate schools. Parents in Richmond, Virginia, are protesting the consolidation of city and county schools to achieve racial balance. Governor Linwood Holton is being criticized for not opposing the move, which involves considerable busing of students. The parents of children in Henrico and Chesterfield counties flowed into Richmond to march on the state Capitol and denounce the Governor's inaction. [CBS]
- The Alabama state police force consists of 644 officers, all of whom are white. A federal judge has now ruled that one black must be hired for each white recruit until the force is 25% black. Morris Dees, an attorney for the NAACP and the Southern Poverty Law Center, filed the lawsuit which led to the court ruling. [CBS]
- The Commerce Department reported that crime costs American businesses $16 billion per year. [CBS]
- Mrs. Adele Vorcerino, a 54-year-old widow from Kansas City, Mo., traveled to Florida during the recent winter tourist season. With a wardrobe of maid's uniforms and hotel pass keys, she financed her trip by thefts from rooms. [CBS]
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Dow Jones Industrial Average: 921.28 (+2.56, +0.28%)
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 9, 1972 | 918.72 | 105.55 | 19.85 |
| February 8, 1972 | 907.13 | 104.74 | 17.39 |
| February 7, 1972 | 903.97 | 104.54 | 16.93 |
| 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 |