News stories from Thursday August 23, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Secretary of State designate Henry Kissinger held a news conference at San Clemente. He answered questions regarding Watergate's impact on U.S. foreign policy. Kissinger said that foreign policy has been affected by Watergate, citing a planned Latin American tour by the President which was canceled. Kissinger stated that his new job is a great responsibility, and he promised to make a greater effort to work with Congress. [CBS]
- As Secretary of State William Rogers prepares to leave his post at the State Department, anxiety and fear regarding Henry Kissinger's new policies surround the department. Many changes under Kissinger are expected. [CBS]
- White House staff are hopeful because of President Nixon's news conference, A Gallup poll taken after the President's Watergate speech shows a seven-point increase in popularity. [CBS]
- During his press conference, President Nixon stated that the Kennedy and Johnson administrations taped conversations and committed burglaries. CBS probed those allegations farther. The Justice Department and FBI described the sensitive information which was taken during burglaries. Officials admitted that both prior administrations used burglary and wiretaps but, they claimed, not to any great extent.
Two White House aides under President Johnson took issue with President Nixon's accusations of buggings during the Johnson administration. Jack Valenti and Joseph Califano denied that any White House offices were bugged.
[CBS] - The General Accounting Office released a report supplying the names and contribution amounts of large donors during the 1972 election campaign. [CBS]
- The grand jury in the Maryland kickback probe issued an indictment against Dale Anderson, chief executive of Baltimore County. A Justice Department spokesman said that many of the news leaks regarding Vice President Agnew are erroneous, and he suspected that the leaks may be coming from the White House. [CBS]
- Government troops reportedly recaptured three small bases near Phnom Penh and were trying to recover a key bridge near Svay Rieng. Communist insurgents could not be moved from the bridge in an earlier attempt, and the government troops retreated. [CBS]
- American servicemen in West Germany face many hardships in that country, from the devalued U.S. dollar to inadequate hospitals. In Nuremberg, the intensive care unit for babies can't pass fire inspection requirements. Makeshift operating rooms are all over the hospital, many with insect problems. X-ray machines give off unsafe levels of radiation.
Frustrated military doctors have complained to Washington regarding unsafe European hospitals. A lack of money isn't the problem, but too much money is put into drug programs rather than standard patient-care programs; drug programs routinely fail. Requests for necessary personnel and equipment go unheeded.
[CBS] - Nine members of the militant Black Liberation Army were indicted in New York. [CBS]
- Forest fires are now under control in some western states, but more new fires were set off by lightning in Montana and Idaho. [CBS]
- The Environmental Protection Agency has asked the auto industry to post miles-per-gallon estimates on their new 1974 cars. [CBS]
- The Michigan Consolidated Gas Company proposed a plan to conserve energy and reduce heating bills. It will loan customers 80% of the cost for installing insulation in their attics. [CBS]
- The Agriculture Department was hit by the meat shortage today when the department's cafeteria ran out of ground beef. Agriculture Secretary Earl Butz said that the ground beef shortage has no effect on his lunches. He prefers a fruit salad plate.
In Tucson, Arizona, a man hocked three choice steaks for $5. The pawn shop owner plans to eat the steaks if they are not reclaimed within 30 days.
[CBS]
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Stock Market Report
Dow Jones Industrial Average: 864.46 (+12.56, +1.47%)
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 22, 1973 | 851.90 | 100.53 | 10.77 |
| August 21, 1973 | 857.84 | 100.89 | 11.48 |
| August 20, 1973 | 867.40 | 101.61 | 8.97 |
| August 17, 1973 | 871.84 | 102.31 | 11.11 |
| August 16, 1973 | 872.74 | 102.29 | 12.99 |
| August 15, 1973 | 874.17 | 103.01 | 12.04 |
| August 14, 1973 | 870.71 | 102.71 | 11.74 |
| August 13, 1973 | 883.20 | 103.71 | 11.33 |
| August 10, 1973 | 892.38 | 104.77 | 10.87 |
| August 9, 1973 | 910.49 | 105.61 | 12.88 |