News stories from Wednesday December 17, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Congress passed the tax cut extension bill and President Ford promptly vetoed it. Advocates in the House of Representatives will attempt today to override the veto. Although supporters were unable to mobilize a two-thirds majority in two earlier House votes on the bill, the view was growing that this time they would succeed. A move to override is assured in the Senate. [New York Times]
- The long-delayed energy policy bill to force an immediate reduction in the price of crude oil produced in the United States was passed by the Senate, 58 to 40, in its final congressional hurdle. Although the measure has been endorsed by President Ford's chief energy adviser, Frank Zarb, the White House has refused to say whether he will veto it. [New York Times]
- Lynette Alice Fromme was sentenced in federal court in Sacramento to life imprisonment for attempting to kill President Ford there last Sept. 5. She threw an apple at the United States Attorney while he was speaking, knocking his glasses off. [New York Times]
- The Senate unanimously confirmed the nomination to the Supreme Court of Judge John Paul Stevens of the Court of Appeals for the Seventh Circuit. He will be sworn in Friday morning by Chief Justice Warren Burger. [New York Times]
- Some 1973 intelligence reports that the Soviet Union might have violated the agreements on strategic arms limitations were withheld by Henry Kissinger, then President Richard Nixon's Assistant for National Security Affairs, from William P. Rogers, then Secretary of State, and certain other top administration and congressional leaders, according to documents and testimony before the House Select Committee on Intelligence. [New York Times]
- Judith Campbell Exner maintained at a news conference in San Diego that, although she had a close personal relationship with President Kennedy while she was dating two leaders of a Chicago crime syndicate, she had never acted as an intermediary between the Mafia and the White House. She also said she had never discussed with Mr. Kennedy her relationship with the late Sam Giancana, then head of the Chicago syndicate, or John Rosselli. [New York Times]
- The 30th General Assembly of the United Nations ended its three-month session, marked by frequent acrimony and confrontation, and the United States called it "a profound, even alarming disappointment." The chief American delegate, Daniel Patrick Moynihan, told the Assembly it had been repeatedly the scene of "acts which we regard as abominations," clearly referring to its calling Zionism a form of racism. [New York Times]
- Officials in Moscow have been attempting privately to play down the importance of Soviet military involvement in Angola, calling it only tangential to the course of foreign policy. They said it should not be allowed to damage Soviet-American detente. Simultaneously, they have stressed to Western diplomats and correspondents that Soviet support for the Popular Movement for the Liberation of Angola in Luanda has become a matter of prestige and cannot be abandoned, especially in the face of American criticism. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 846.27 (+1.97, +0.23%)
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 16, 1975 | 844.30 | 88.93 | 18.35 |
| December 15, 1975 | 836.59 | 88.09 | 13.96 |
| December 12, 1975 | 832.81 | 87.83 | 13.10 |
| December 11, 1975 | 832.73 | 87.80 | 15.30 |
| December 10, 1975 | 833.99 | 88.08 | 15.68 |
| December 9, 1975 | 824.15 | 87.30 | 16.04 |
| December 8, 1975 | 821.63 | 87.07 | 14.15 |
| December 5, 1975 | 818.80 | 86.82 | 14.05 |
| December 4, 1975 | 829.11 | 87.84 | 16.38 |
| December 3, 1975 | 825.49 | 87.60 | 21.32 |