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Friday January 14, 1972
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This Day In 1970's History: Friday January 14, 1972
  • Favorable economic indicators: the Commerce Department predicts expansions of industrial plants; car sales and retail sales are up; the prime rate has been cut. But in discouraging news the gross national product dropped and the Labor Department reported that the wholesale price index rose, so a rise in consumer prices is predicted. [CBS]

  • An 8.3% wage increase for aerospace workers was accepted by the Pay Board. Most workers at the McDonnell-Douglas plant in In Long Beach, California, are unhappy with the size of the increase and they blame President Nixon, but a strike is unlikely. [CBS]

  • Communist claims of victory at the Long Cheng CIA base in Laos were premature, but North Vietnam's missile bases near the DMZ are a concern in Quang Tri province, where U.S. troops have mostly been withdrawn. South Vietnam controls the fire bases along with some U.S. Marine advisors. The morale of South Vietnamese troops is low; villagers and refugees fear the future and are voluntarily resettling near Saigon. [CBS]

  • It is feared that the U.S.-Israel aid agreement will cause a break in the Mideast peace talks and interruption of the cease-fire. [CBS]

  • The Atomic Energy Commission announced a new nuclear power plant for Rogersville, Tennessee. It will be the first "fast-breeder" plant, which produces fuel. [CBS]
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