World Bankers Move To Ease Monetary Crisis
West Germany began returning to its creditors more than 4 billion dollars from speculative buyers of marks as Western bankers, including the central banks of major nations, agreed to buy back the surge of money and accept payment from nations harmed by the speculation. BIS signals a coordinated approach to repay losses while avoiding a revaluation of the mark and stabilizing the international monetary system.
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Basel
Switzerland
UPI
West Germany
West
Europe
Kurt Georg Kiesinger
Germany
Charles de Gaulle
Central
United States
Canada
Japan
Karl Blessing
Federal Bank
Bank For International Settlements
BIS
Foe Opens Summer Offensive With Saigon Target
Saigon reports a new summer offensive by the Communists. Overnight, 159 Allied bases and towns were shelled in the heaviest attacks since 1968 Tet. Ground assaults hit three outposts guarding approaches to Saigon. 278 Allied casualties reported. A Viet Cong rocket struck Saigon center and nine terror strikes killed seven and w
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Saigon
UPI
U.S
Cambodia
Vietnam
Paris
Hue
Long Binh-Bien Hoa
Ban Co
Presidential Palace
Cholon
Chinatown
U.S. Navy
Adm
Elmo R. Zumwalt
Zumwalt
Countdown To Start For Apollo 10 Launch
The Apollo 10 countdown begins tonight for the crewed lunar test flight with Thomas Stafford John Young and Eugene Cernan to orbit the moon for two days. They will rehearse lunar module maneuvers and navigation ahead of Apollo 11 planned for July 20.
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Cape Kennedy
UPI
Thomas P. Stafford
John Ww. Young
Eugene A. Cernan
Moon
Young
Patrick Air Force Base
Earth
Stafford
Cernan
Lunar
Debate Over Job Corps Closings Divides Senate Along Party Lines
The Senate opened a partisan clash over President Nixon’s order to close 59 Job Corps centers. Democrats pushed a sense of the Senate resolution to delay action while debating a substitute from Javits and Prouty that would avoid net drops in training slots. Cranston and Nelson criticized the substitute as inadequate as Republicans argue the camps waste money and fail to provide relevant training. The 1968 program cost over $200 million, with ongoing questions about employment fit for graduates.
MENTIONED IN THIS ARTICLE
Washington
Winston L. Prouty
R-Vt
Senate
Sens
Alan Cranston
D-Calif
Gaylord Nelson
D-Wis
Cranston
Nelson
Mittee
Johnson
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