News stories from Tuesday January 2, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- House Speaker Carl Albert promised the families of POWs that Congress will end the Vietnam war if President Nixon doesn't. Senate Foreign Relations Committee chairman William Fulbright said that his committee does not wish to inhibit the Paris talks scheduled for January 8, but if no settlement is reached by inauguration time, Congress will act. House Democrats voted by a margin of 2 to 1 in a caucus resolution to cut off funds for the Vietnam war. Senator George McGovern launched a move to have the President appear before a closed session of the Senate to explain his bombing policy.
Senate Majority Leader Mike Mansfield came to the White House at President Nixon's request. They discussed the war and domestic legislation, but Mansfield says that he learned nothing specific about the war. Nixon also plans to see Carl Albert soon.
[CBS] - Low level peace talks were held in Paris. Technical experts met for the first time since December 23, when North Vietnam broke off the talks to protest the renewed U.S. bombing. North Vietnamese Deputy Foreign Minister Nguyen Co Thach hosted a meeting which assistant U.S. Secretary of State William Sullivan attended. President Pompidou of France commented that a real settlement can come only from Henry Kissinger and Le Duc Tho, however. They will meet next week. [CBS]
- The New Year's cease-fire in Vietnam is over; ground fighting resumed. In the air war, the U.S. bombed the enemy in South Vietnam and in North Vietnam below the 20th parallel.
The U.S. denied having hit Bach Mai Hospital in Hanoi last week, but the American antiwar activists who were in North Vietnam during the bombing back up North Vietnam's claim that the hospital was destroyed. Pentagon spokesman Jerry Friedheim denied twice last week that the hospital was hit, and he also expressed some doubt that the hospital even existed. Now he concedes that the hospital may have been damaged. Friedheim stated today that a limited amount of accidental damage may have happened to Bach Mai. But he still doubts North Vietnam's claim of "massive destruction" of the hospital.
Former Attorney General Ramsey Clark appealed for $3 million to rebuild Bach Mai, and Rev. Michael Allen recounted his visit to Bach Mai after its destruction. Clark stated that Americans must show that they oppose the bombing, at least the bombing of hospitals.
[CBS] - Israeli and Syrian planes clashed in an air battle over Lebanon. [CBS]
- House Democrats voted Carl Albert as Speaker by a vote of 202-25. They also chose Tip O'Neill as House Majority Leader to replace Hale Boggs, who is missing in an Alaska air crash and has been declared dead. Boggs and Rep. Nick Begich of Alaska were on the same plane. Both seats have been declared vacant. [CBS]
- Former President Harry S. Truman's will was read today. His wife and daughter will receive most of Truman's $600,000 estate. His papers will go to the public. [CBS]
- A sixth operation is planned for Alabama Governor George Wallace. [CBS]
- A Los Angeles Times photographer filed assault charges against Ohio State University football coach Woody Hayes. Photographer Art Rogers said that he was taking pictures of the team's huddle before a game when Hayes seized the camera and shoved it into his face. Rogers' eyes were damaged temporarily, according to an eye specialist. Hayes had no comment. [CBS]
- U.S. Marines are building a different reputation at California's Camp Pendleton. Much of Camp Pendleton is a wilderness area, unpolluted and full of wildlife. The camp has constructed man-made lakes and marshes to counteract the naturally acidic ground. The Sierra Club supports the camp's ecological programs. Camp commander General Herman Poggemeyer says the area is unique and cherished by the Marines as a public trust. [CBS]
|
Stock Market Report
Dow Jones Industrial Average: 1031.68 (+11.66, +1.14%)
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* |
| December 29, 1972 | 1020.02 | 118.05 | 27.55 |
| December 27, 1972 | 1007.68 | 116.93 | 19.10 |
| December 26, 1972 | 1006.70 | 116.30 | 11.12 |
| December 22, 1972 | 1004.21 | 115.83 | 12.54 |
| December 21, 1972 | 1000.00 | 115.11 | 18.29 |
| December 20, 1972 | 1004.82 | 115.95 | 18.49 |
| December 19, 1972 | 1009.18 | 116.34 | 17.00 |
| December 18, 1972 | 1013.25 | 116.90 | 17.54 |
| December 15, 1972 | 1027.24 | 118.26 | 18.30 |
| December 14, 1972 | 1025.06 | 118.24 | 17.93 |