News stories from Monday December 17, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Over 30 persons were killed during an Arab guerrilla attack at the Rome, Italy, airport. Palestinian guerrillas opened fire inside an airport terminal and seized hostages. The guerrillas fire-bombed a Pan Am plane, then the terrorists hijacked a West German airliner to Athens, Greece. The remains of the Pan Am passengers weren't removed until hours after the bombing. The Palestinians seem to be warning the world against the upcoming Mideast peace conference. One American was killed in the crossfire between terrorists and police. An unknown number of Americans were among the 28 who were killed on the Pan Am jet; four Moroccan officials were also killed.
In Athens, guerrillas executed 3 or 4 hostages. Greek sharpshooters destroyed the tires on the plane as the day ended; guerrillas then threatened to blow up the plane.
[CBS] - Secretary of State Henry Kissinger ended his Mideast tour. He met with Israeli Prime Minister Golda Meir in Tel Aviv, where it was announced that Israel has agreed to attend the Mideast peace conference. [CBS]
- The Mideast peace conference is scheduled to begin Friday. Syria is considering refusing to attend the conference. Henry Kissinger was in Portugal to thank the Portuguese for supporting airlifts to Israel during the Mideast war. [CBS]
- Kissinger will meet with North Vietnam's Le Duc Tho in Paris on Friday to discuss Southeast Asia and peace. Tho blasted the U.S. during a speech in Paris today. [CBS]
- Federal energy czar William Simon told farmers that they will be on the priority list for gasoline, but diesel fuel will be harder to get. [CBS]
- A Senate committee heard from drug manufacturers regarding the effect of the fuel shortage on the drug industry. Without emergency fuel allocations, life-giving drugs will soon be in short supply. Requests were made for special allocations to continue production for items such as syringes and tubing which are needed for modern health care. Otherwise, hospitals will start to feel shortages early next year. [CBS]
- The Senate voted to delay the enforcement of automobile emission standards for one year. Environmental organizations protested the delay. [CBS]
- The Senate confirmed the nomination of Senator William Saxbe as Attorney General. [CBS]
- Another showdown between the Senate Watergate Committee and President Nixon is likely. Unless the President acts by midnight, the bill becomes law which allows the Watergate committee to go to the courts to try to obtain presidential tapes and documents. Committee chairman Sam Ervin called for a closed meeting to vote on issuing subpoenas tomorrow. [CBS]
- Senator Barry Goldwater criticized President Nixon's handling of the Watergate scandal. [CBS]
- The government partially accounted for money spent on behalf of former Vice President Spiro Agnew since his resignation. The General Accounting Office revealed a financial report regarding the upkeep of Agnew's office and staff since his resignation. Democratic representative John Moss requested the report. Moss stated that Secret Service protection of Agnew is no longer called for, and said that the government's money was being used to maintain Agnew's lifestyle and avoid unwanted exposure. [CBS]
- An Iberian plane crash-landed at Boston's Logan airport; no fatalities were reported. [CBS]
- A major snowstorm hit the Northeast and Atlantic coast. Commuters find transportation extremely difficult in New York City; in Washington, DC, the storm slowed the pace of government somewhat. President and Mrs. Nixon were enticed out into the snow to pose beside a snowman. Shutdowns due to the snow accomplished energy conservation in Washington quicker than all of the President's emergency energy bills. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 811.12 (-4.53, -0.56%)
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 14, 1973 | 815.65 | 93.29 | 20.00 |
| December 13, 1973 | 800.43 | 92.38 | 18.13 |
| December 12, 1973 | 810.73 | 93.57 | 18.19 |
| December 11, 1973 | 834.18 | 96.04 | 20.10 |
| December 10, 1973 | 851.14 | 97.95 | 18.59 |
| December 7, 1973 | 838.05 | 96.51 | 23.23 |
| December 6, 1973 | 814.12 | 94.42 | 23.26 |
| December 5, 1973 | 788.31 | 92.16 | 19.18 |
| December 4, 1973 | 803.21 | 93.59 | 19.03 |
| December 3, 1973 | 806.52 | 93.90 | 17.90 |