News stories from Wednesday November 22, 1972
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- North Vietnam downed a U.S. B-52 bomber for the first time. The plane was hit by a North Vietnamese SAM. The U.S. has lost eight B-52's through accidents, but this is the first one shot down by enemy fire. The plane had flown 105,000 missions since 1966. Its six crewmen bailed out and were rescued. Two smaller planes, including an F-111, were also lost today. [CBS]
- Henry Kissinger and North Vietnam's Le Duc Tho met again near Paris. President Thieu of South Vietnam criticized Kissinger, saying that he overplays his role as presidential assistant and is ambitious. [CBS]
- Quiet tension was reported on the Golan Heights between Israel and Syria following yesterday's fighting. Israelis claim to have downed six Soviet-built MiG-21 fighters, smashed 15 Syrian tanks, three Arab guerrilla bases, two Syrian division headquarters and a radar base in the most serious fighting in the area since 1967. The cease-fire is in jeopardy. [CBS]
- President Nixon opened the way for an increase in air and sea transport from the U.S. to China. [CBS]
- The President's Council of Economic Advisers predicts a reduction in unemployment and expansion of business, but is skeptical of reaching the goal of lower inflation. Council chairman Herbert Stein stated his confidence that the goals can be reached. The President's economic policy apparently will not be changed. [CBS]
- The Louisiana board of education ordered the Baton Rouge campus of Southern University to remain closed until January 3. Two black students died there last week in a student-police confrontation. University president Leon Netterville requested the school closing. [CBS]
- The Democratic party is searching for a scapegoat following its defeat in the 1972 presidential election. Jean Westwood was chosen as party chairman at the Democratic national convention, but now there is a move to dump Westwood which is being headed by anti-McGovern forces (pro-Meany, Jackson, Muskie, Humphrey and Wallace people). Former Democratic party treasurer Robert Strauss stated that Westwood cannot reunite the party. Strauss is a possible successor to Westwood, but his friends are among "Democrats for Nixon." Former party chairman Lawrence O'Brien is also a possible candidate for chairman, and he believes that Mrs. Westwood should step down.
Results of a CBS News survey of Democratic national committee members show a lack of support for Westwood, but McGovern aide Frank Mankiewicz said that Democrats who deserted the party should not be rewarded with control now.
[CBS] - Nine years ago today, President John F. Kennedy was assassinated in Dallas, Texas. In Washington, family members visited Kennedy's grave at Arlington National Cemetery. [CBS]
- The Air Force intends to triple the number of women in its ranks and train them for jobs usually held by men. General Jeanne Holm announced the plans. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 1020.54 (+7.29, +0.72%)
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* |
| November 21, 1972 | 1013.25 | 116.21 | 22.11 |
| November 20, 1972 | 1005.04 | 115.53 | 16.68 |
| November 17, 1972 | 1005.57 | 115.49 | 20.22 |
| November 16, 1972 | 1003.69 | 115.13 | 19.58 |
| November 15, 1972 | 998.42 | 114.50 | 23.27 |
| November 14, 1972 | 1003.16 | 114.95 | 20.20 |
| November 13, 1972 | 997.07 | 113.90 | 17.21 |
| November 10, 1972 | 995.26 | 113.73 | 24.36 |
| November 9, 1972 | 988.26 | 113.50 | 17.04 |
| November 8, 1972 | 983.74 | 113.35 | 24.62 |