News stories from Wednesday August 26, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The Nixon administration is circulating a rumor that U.S. troops may go to the Mideast to police Mideast peace. The United States wants the cease-fire to be extended, Israelis to get out of occupied land, and a United Nations police force. The U.S. admitted that the United Arab Republic has strengthened their surface-to-air missile positions in the cease-fire zone, but doesn't know what to do about it. [CBS]
- Vice President Spiro Agnew met with Chiang Kai-shek in Taiwan and said that the United States will stand by his government; Agnew reported that U.S. troops will leave Korea, and said that he hopes all are out within five years. [CBS]
- The U.S. will support Lon Nol's government and continue air strikes in Cambodia. Defense Secretary Melvin Laird reported that U.S. air strikes in Cambodia help Americans in Vietnam; U.S. casualties are decreasing. The United States is flying 40 bomb raids per day in Cambodia. [CBS]
- Allies evacuated Kham Duc, South Vietnam, but claimed that the enemy build-up has stopped. [CBS]
- The Senate rejected a move to end herbicide use in war. [CBS]
- A defense attorney in the My Lai case moved that trial be moved to Vietnam so the judge can perceive the stress of combat. [CBS]
- North Vietnamese negotiator Xuan Thuy arrived at the Paris Peace Talks after an eight-month absence. [CBS]
- Wholesale prices dropped 0.5% last month and food prices may drop. Industrial commodities were still up 0.2% last month, however. [CBS]
- Federal transportation officials reported that most school buses are unsafe, and they want new construction guidelines. [CBS]
- A federal judge has fined the Chevron Oil Company $1 million for their Gulf of Mexico oil leak last year. [CBS]
- The Interior Department reported that industries are dumping lead and arsenic into the Mississippi River; the department wants tougher environmental laws. [CBS]
- Officials claim that a major international narcotics ring has been broken; Jack Grosby and Luis Stepenberg were arrested for smuggling $17 million in heroin into the United States. [CBS]
- The Vatican said that the media exaggerated the story of girls being bought to train as nuns, but didn't deny it. [CBS]
- The women's suffrage began 50 years ago; today women celebrated, demanding free child care centers, free abortions and equal rights. In New York City, protests were small; a few thousand marched down Fifth Avenue. In Los Angeles, anti-feminists picketed women's libbers. In Washington, Senator Jennings Randolph called women's libbers "braless bubbleheads".
Most American men don't think women are oppressed; women's three basic demands for abortion, child care and equal rights are valid and realistic.
[CBS]
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Stock Market Report
Dow Jones Industrial Average: 760.47 (+1.50, +0.20%)
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* |
| August 25, 1970 | 758.97 | 81.12 | 17.52 |
| August 24, 1970 | 759.58 | 80.99 | 18.91 |
| August 21, 1970 | 745.41 | 79.24 | 13.42 |
| August 20, 1970 | 729.60 | 77.64 | 10.17 |
| August 19, 1970 | 723.99 | 76.96 | 9.87 |
| August 18, 1970 | 716.66 | 76.20 | 9.50 |
| August 17, 1970 | 709.06 | 75.33 | 6.94 |
| August 14, 1970 | 710.84 | 75.18 | 7.85 |
| August 13, 1970 | 707.35 | 74.76 | 8.64 |
| August 12, 1970 | 710.64 | 75.42 | 7.44 |