News stories from Tuesday April 6, 1971
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- After meeting with all negotiators at the Paris Peace Talks, Senator Vance Hartke stated that North Vietnam and the Viet Cong assured him they would accept an immediate cease-fire in exchange for an acceptable U.S. withdrawal date; the agreement would also involve an exchange of prisoners. Assistant Defense Secretary Warren Nutter told Congress that the administration rejects the possibility of linking the release of POWs with withdrawal.
President Nixon has decided not to offer a definite withdrawal timetable in exchange for U.S. prisoners. He will announce some new plan tomorrow, in addition to an increased rate of withdrawal, in order to silence his critics.
[CBS] - The base at Khe Sanh, South Vietnam, is being abandoned. The cost of running the base for the past two months was estimated at $10 million. North Vietnam is expected to reoccupy the area after the base is completely abandoned. North Vietnamese forces attacked South Vietnam Fire Base No. 6 again today. [CBS]
- A military court in Phnom Penh, Cambodia, sentenced the son of exiled Prince Sihanouk to five years in prison for high treason. The Prince's daughter was acquitted of the same charges. [CBS]
- West Pakistan charged that India is massing troops along the East Pakistan border. [CBS]
- At the Communist Party congress, Soviet Premier Kosygin said that war with the west is not regarded as inevitable. He called for competitive co-existence with the U.S. and outlined the next five-year plan with emphasis on consumer needs. [CBS]
- President Nixon sent his revenue sharing proposal to Congress, part of which would consolidate 30 federal education programs. [CBS]
- Mayor Daley of Chicago is expected to win his fifth term in today's election. [CBS]
- In elections in Berkeley, California, radicals are attempting to take control of city council and establish three separate police forces for students, blacks and affluent whites. [CBS]
- The Fairchild-Miller Corporation, a supersonic transport subcontractor, is holding discussions on how to continue the SST project with private funding. Rep. Dan Kuykendall has proposed a private supersonic transport corporation. [CBS]
- The Nixon administration sent a bill to Congress to provide 40 million acres and $1 billion for a development corporation for native Alaskans. A spokesman for the Alaskan Federation of Natives called the proposal a "foundation" for a just settlement, but asked for more. [CBS]
- Since February 1, 75 billboards have been chopped down in Michigan. Seven teenagers were arrested at one point but billboards continue to be cut down. [CBS]
- Rep. Hale Boggs continued his attack on the FBI and director J. Edgar Hoover. Boggs claims that numerous members of Congress believe that their phones are tapped and their activities are under surveillance. Rep. Lawrence Hogan said that Boggs' charges against Hoover and the FBI are ridiculous.
Hoover has survived half a century of controversy. If Rep. Boggs' charges fail to oust Hoover from office, his position will be strengthened as a result. Hoover's legend has been carefully constructed over the years by identifying him with the FBI's successes. Boggs' comparison of FBI activities to the Nazi Gestapo weakened his position, though liberties can be defended only while they exist. When the time comes, a successor to Hoover must come from outside the FBI, due to trouble reconciling factions within the organization.
[CBS] - The EPA will restudy a possible ban on DDT in light of a study linking DDT to a loss of fertility in women. [CBS]
- Composer Igor Stravinsky has died at age 88. [CBS]
- The prosecutor in Lt. William Calley's trial, Capt. Aubrey Daniel, has written to President Nixon saying that the President's intervention in that case damaged military justice and enhanced Calley's image as a national hero. Calley is being lionized on records as a folk hero. A song called "The Battle Hymn of Lieutenant Calley" was recorded before Calley's conviction. Now radio stations are getting many requests for it and record stores can't get enough copies. Over 1 million copies were sold in four days. [CBS]
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Dow Jones Industrial Average: 912.73 (+7.66, +0.85%)
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* |
| April 5, 1971 | 905.07 | 100.79 | 16.04 |
| April 2, 1971 | 903.04 | 100.56 | 14.52 |
| April 1, 1971 | 903.88 | 100.39 | 13.47 |
| March 31, 1971 | 904.37 | 100.31 | 17.61 |
| March 30, 1971 | 903.39 | 100.26 | 15.43 |
| March 29, 1971 | 903.48 | 100.03 | 13.65 |
| March 26, 1971 | 903.48 | 99.95 | 15.56 |
| March 25, 1971 | 900.81 | 99.61 | 15.87 |
| March 24, 1971 | 899.37 | 99.62 | 15.72 |
| March 23, 1971 | 908.89 | 100.28 | 16.47 |