News stories from Thursday March 1, 1973
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Members of the "Black September" Arab terrorist group seized the Saudi Arabian embassy in Khartoum, Sudan, and took hostages including the American ambassador; a Belgian diplomat was wounded. Terrorists broke into the embassy during a party for American diplomat George Moore. Moore and U.S. Ambassador Cleo Noel were seized along with others. The terrorists want Arab guerrillas being held prisoner in Israel, Jordan and West Germany to be released. They also want the release of Sirhan Sirhan, Robert Kennedy's assassin. [CBS]
- Israeli Prime Minister Golda Meir appealed for peaceful relations between Israel and Arabs. Meir is visiting President Nixon in Washington and is seeking U.S. military aid. [CBS]
- 136 American POWs are to be released in Vietnam on Saturday. [CBS]
- With the end of the POW crisis, the international conference on Vietnam resumed business. The foreign ministers from many nations, including U.S. Secretary of State William Rogers, initialed a declaration giving a form of diplomatic recognition to the Viet Cong and pledging international support for Vietnam peace. Rogers says he is pleased with the outcome of the conference, but Canadian representative Mitchell Sharp is concerned with how peace will be maintained in Vietnam. U.S. Undersecretary of State William Porter was seen in attendance at a Viet Cong reception; Rogers attended a dinner with China's Chi Peng-fei. [CBS]
- Former POW Everett Alvarez, the Navy Lt. Commander who was the first prisoner captured by North Vietnam in 1964, held a news conference today and said that he feels antiwar activities prolonged the Vietnam war. [CBS]
- Leaders of the radical American Indian Movement still hold 12 hostages at Wounded Knee. South Dakota. Senators George McGovern and James Abourezk flew to the area to try to mediate the dispute.
Wounded Knee is now an armed camp. Indians feel that FBI agents who are guarding the roads into Wounded Knee may storm the camp. The Indians have charged the Bureau of Indian Affairs with corruption and mismanagement. An FBI agent tried to negotiate the release of the 12 hostages, but he was unsuccessful; Senator McGovern will try to get the hostages released. AIM leader Russell Means said that he didn't invite McGovern, who he compared to Generals Crook, Sheridan and Custer; he invited only Abourezk. Father Paul Manhart, one of the hostages, says that he doesn't wish to leave Wounded Knee.
[CBS] - A new dollar crisis exists; dollar prices are down on international money markets. In Washington, Treasury undersecretary Paul Volcker pledged that the dollar will not be devalued again. [CBS]
- President Nixon abandoned his welfare reform plan which would have guaranteed a minimum annual income to the poor. In a message to Congress, the President said that he wants tax relief for the elderly, help for parents with children in private schools, compulsory health insurance, and better legal services for the poor. He still intends to dismantle the Office of Economic Opportunity. Legal Services attorneys are turning people away because they don't know if funding for their agency will be continued. [CBS]
- The Nixon administration announced that it will withhold $223 million which was appropriated to aid school integration. [CBS]
- The National Governors Conference ended its three-day meeting in Washington, DC. Democrats are taking a wait-and-see attitude on revenue sharing. Democrat governors oppose President Nixon's domestic spending plans; Republicans endorsed the President's efforts to reduce spending. [CBS]
- France is holding general elections beginning on Sunday. A leftist coalition composed of Communists headed by Georges Marchais and Socialists headed by Francois Mitterrand threatens the Gaullist Party. Mitterrand is the chief architect of the new Popular Front. His program calls for the nationalization of banks, insurance companies, defense and aeronautical industries and some pharmaceuticals. President Pompidou repeated the old de Gaulle warning that without the Gaullists France would return to pre-Gaullist chaos. [CBS]
- The Environmental Protection Agency reported that Mazda already meets the strict 1975 anti-pollution standards. [CBS]
- Martha Mitchell phoned the UPI's Helen Thomas to say that she resents Jill Ruckelshaus joining the White House staff as a $50 a day consultant. Ruckelshaus assists Anne Armstrong as a liaison between the White House and women's groups. [CBS]
- Senate confirmation hearings on the nomination of L. Patrick Gray as FBI director continued today. Gray told the Senate hearing that FBI agents wanted to interview Martha Mitchell about the Watergate case but her husband refused to permit it. [CBS]
- The movie "Deep Throat" was ruled obscene in New York City. [CBS]
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Stock Market Report
Dow Jones Industrial Average: 949.65 (-5.42, -0.57%)
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* |
| February 28, 1973 | 955.07 | 111.68 | 17.95 |
| February 27, 1973 | 947.92 | 110.90 | 16.13 |
| February 26, 1973 | 953.79 | 112.19 | 15.86 |
| February 23, 1973 | 959.89 | 113.16 | 15.45 |
| February 22, 1973 | 971.78 | 114.44 | 14.57 |
| February 21, 1973 | 974.34 | 114.69 | 14.88 |
| February 20, 1973 | 983.59 | 115.40 | 14.02 |
| February 16, 1973 | 979.23 | 114.98 | 13.32 |
| February 15, 1973 | 973.13 | 114.45 | 13.94 |
| February 14, 1973 | 979.91 | 115.10 | 16.52 |