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Friday February 12, 1971
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This Day In 1970's History: Friday February 12, 1971
  • Eight more U.S. helicopters were shot down while supporting South Vietnam's attack into Laos; 26 have been shot down since the start of the operation. Laotian Premier Souvanna Phouma fears that Communist China may invade Laos, but President Thieu of South Vietnam is encouraged by the progress of the operation. Thieu says he is ready for serious negotiations whenever North Vietnam is, but South Vietnam will continue to fight until then.

    Laos guerrilla radio reported finding six American bodies among dead South Vietnamese troops in Laos; U.S. officials denied the presence of any American ground forces or advisers in Laos. Senator Hart charged that the Nixon administration is treating Congress and the public like "gullible dupes." [CBS]

  • Cambodian Premier Lon Nol will be flown to Hawaii for treatment for a stroke he suffered earlier in the week. Deputy Premier Sisowath Sirik Matak will direct the government and the war in his absence. [CBS]

  • The death toll in the Los Angeles earthquake passed 60. One survivor of the V.A. hospital collapse spent 58 hours trapped under a sink. City officials say that enough water has been drained from the reservoir behind the damaged dam to allow 80,000 evacuated residents of the San Fernando Valley to return to their homes. [CBS]

  • The Federal Reserve Board lowered the discount interest rate from 5% to 4.75%. [CBS]

  • The Senate Banking Committee is considering reopening the confirmation hearing of William Casey, who is the nominee for director of the Securities and Exchange Commission, in order to examine charges of Casey having sold unregistered stock. [CBS]
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