News stories from Wednesday January 28, 1970
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Nixon won a battle in Congress, as the House voted to sustain his veto of the Health, Education and Welfare bill. Many believe that inflation was not the main cause of the veto (as the President claimed); instead the veto override vote was likely designed as a test of congressional support of the administration. The 191 congressmen who voted with the President were later invited to a White House reception. [CBS]
- A Los Angeles judge entered an innocent plea for Charles Manson concerning the Tate murders. Manson, acting as his own attorney, objects to his indictment and wants a further delay in the trial. [CBS]
- The Cleveland grand jury which is investigating the murders of Joseph Yablonski and his wife and daughter heard from an informant who led authorities to the three men who are accused of the crime. The informant is James Charles Phillips, who was a party to the original plot but backed out at the last minute. [CBS]
- At the "Chicago 7" conspiracy trial, former Attorney General Ramsey Clark appeared as a prospective witness for the defense. But the judge ruled his testimony irrelevant and Clark was not allowed to testify before the jury. It was established at the trial that President Johnson decided to send federal troops to Chicago for the 1968 Democratic National Convention. [CBS]
- The post of draft director was offered to Charles DiBona, a civilian naval analysis expert; a final decision has not been reached. General Lewis Hershey is retiring Feb. 16 as head of the Selective Service System. [CBS]
- The Labor Department reported a 2% rise in the wholesale cost of processed food this month. [CBS]
- U.S. Air Force Secretary Robert Seamans says he is hopeful that South Vietnam will be able to double its air force by the end of 1971.
Two U.S. government agents recently tried to infiltrate the Saigon press corps. The agents were members of the Army's Criminal Investigation Division, which is trying to catch news correspondents dealing in the black market. But the agents were discovered, and the Pentagon now says that the press impersonation was a "mistake".
[CBS] - Israeli jets struck within six miles of Cairo; Egypt claims the attack only hit houses. In Tel Aviv, Israeli Defense Minister Moshe Dayan said that purpose of the raids is to convince Egyptians that they could not win another war, despite President Nasser's speeches. [CBS]
- President Nixon and British Prime Minister Harold Wilson completed two days of talks. Wilson is concerned about the Mideast problem. [CBS]
- Morley Safer, a CBS news correspondent who was covering Nigeria, has been told to leave the country. Safer was questioned by Lagos police and accused of working for the CIA. [CBS]
- The Senate approved the smallest foreign aid bill in the history of the program. [CBS]
- In Czechoslovakia, Premier Cernik and two other moderates in the government of the Communist party resigned. New Premier Lubomir Strougal is a conservative. [CBS]
- Federal Judge G. Harrold Carswell completed his testimony before the Senate Judiciary Committee; committee approval seems assured. Carswell was impatient with Edward Kennedy and with Birch Bayh's repetitious questioning. [CBS]
- The Supreme Court turned down Florida Governor Claude Kirk's lawsuit to set nationwide standards for school desegregation. Mississippi Governor John Bell Williams' suit to the Supreme Court asks that desegregation plans be blocked; he also wants the South to unify in opposition to the court order. However, South Carolina Governor Robert McNair took a stand for school desegregation, saying that he must obey the law. [CBS]
- Ford Motor Company told the Senate that the public must accept more expense and less durability in cars in order to end air pollution. [CBS]
- Off Santa Barbara channel in California, environmentalists marked the one-year anniversary of the oil blowout which polluted their water. Interior Secretary Walter Hickel and California Senator Alan Cranston both agree that new drilling off Santa Barbara must be stopped; Cranston introduced a bill to that effect. [CBS]
- The Senate passed President Nixon's crime bill which attempts to curb narcotics sellers. The "no-knock" bill allows investigators to raid without warning. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 758.84 (-5.15, -0.67%)
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* |
| January 27, 1970 | 763.99 | 87.62 | 9.63 |
| January 26, 1970 | 768.88 | 88.17 | 10.67 |
| January 23, 1970 | 775.54 | 89.07 | 11.00 |
| January 22, 1970 | 786.10 | 89.95 | 11.05 |
| January 21, 1970 | 782.27 | 89.91 | 9.88 |
| January 20, 1970 | 777.85 | 89.83 | 11.05 |
| January 19, 1970 | 776.07 | 89.65 | 9.50 |
| January 16, 1970 | 782.60 | 90.92 | 11.94 |
| January 15, 1970 | 785.04 | 91.68 | 11.12 |
| January 14, 1970 | 787.16 | 91.65 | 10.38 |