News stories from Friday November 27, 1970

Summaries of the stories the major media outlets considered to be of particular importance on this date:

Pope Paul shrugged off an assassination attempt and is continuing his tour. In Manila, Philippines, a Bolivian painter tried to stab Pope Paul in a reception line. The Pope was unruffled but security has been increased. [CBS] The Pentagon admitted bombing near Hanoi during the POW raid last week, calling it a protective measure. [CBS] Sgt. Jon Sweeney is charged with aiding Vietnamese Communists. Sweeney claims that the Marines left him to die; he aided the Communists but came back to the U.S. voluntarily. Sweeney said that he conned the North Vietnamese in order to show American pacifists that Communists are not good. He did propaganda for Hanoi radio, but only aided the Communists so he could get out of North Vietnam. [CBS] Communists advanced in Laos and Cambodia; there was little action in South Vietnam. [CBS] Many Vietnam veterans don't claim GI benefits. The Mayors' Conference is launching a campaign to correct the situation. [CBS] FBI director J. Edgar Hoover asserted that Catholic priests Philip and Daniel Berrigan were the leaders of a plot to kidnap government officials and to blow up the Washington, DC power system; Hoover wants $14 million for 1,700 new FBI agents. [CBS] Presidential counselor Daniel Patrick Moynihan will leave the White House. Moynihan was considered for the post of ambassador to the United Nations but he doesn't know diplomacy, so Moynihan will return to Harvard University. President Nixon maintains that there is nothing wrong with current United Nations Ambassador Charles Yost, but he wants new ideas in the U.N. post. [CBS] Six aides to former Interior Secretary Walter Hickel were fired today. [CBS] The clean air bill is snagged in Congress. The administration urged Congress to put unlimited extensions for pollution-free cars by 1975, but Senator Edmund Muskie wants a 1975 deadline with a maximum one-year extension. He would rather have the bill be killed entirely than be changed. [CBS] An East German man and his brother planned and executed an escape from a freighter bound for Cuba; three others escaped too. Karl Bley and three medical researchers jumped ship, and Eric Bley picked them up in a small boat. Eric Bley stated that many people want to flee East Germany. [CBS] East and West Germany will hold meetings to improve relations between the countries. [CBS] Soviet novelist Alexander Solzhenitsyn won't go to Sweden to receive his Nobel Prize. [CBS] The USSR and Red China exchanged ambassadors; the two nations are friendlier now. [CBS] Syria, Egypt, Libya and Sudan announced that they will form a federation, but they won't extend the Mideast cease-fire unless there is progress in the United Nations peace talks. [CBS]

Stock Market Report

Dow Jones Industrial Average: 781.35 (+6.64, +0.86%)
S&P Composite: 85.93 (+0.84, +0.99%)
Arms Index: 0.48

	Issues	Volume*
Advances	907	7.36
Declines	399	1.55
Unchanged	310	1.23
Total Volume		10.14

* in millions of shares

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*
November 25, 1970	774.71	85.09	13.49
November 24, 1970	772.73	84.78	12.56
November 23, 1970	767.52	84.24	12.72
November 20, 1970	761.57	83.72	10.92
November 19, 1970	755.82	82.91	9.28
November 18, 1970	754.24	82.79	9.85
November 17, 1970	760.47	83.34	9.45
November 16, 1970	760.13	83.24	9.16
November 13, 1970	759.79	83.37	11.89
November 12, 1970	768.00	84.15	12.52