30 Mar 1971
Page 1
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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Mar 30, 1971
Page
1
The Dow Jones averages are being reorganized under the Bankruptcy Act or by securities assumed by such companies. The foreign issue is subject to an interest equalization tax.
Over-The-Counter bid-asked quotations from NASD show representative inter-dealer prices around 11 a m. Markets shift through the day and prices exclude retail markups.
Senator Birch Bayh urged adding funding to extend unemployment benefits amid high jobless numbers and to finance an immediate expansion, tying it to the interest equalization tax. The debate referenced the 13 week extension set to take effect in 1972 and tied to broader fiscal policy amid concerns over capital outflows.
A massive rescue operation resumes off Cape Hatteras North Carolina as Coast Guard and salvage teams seek 31 missing crew members from the Texaco Oklahoma. Survivors from the Texaco Nebraska raise hopes while bodies found drift in the Gulf Stream darken the mood.
Cailey, white faced and guarded by soldiers, is escorted from the courthouse after a court martial for the My Lai massacre. He says war has hell but seeks to spark national reflection, defending a strong Army while calling for restraint and understanding in Vietnam. The verdict reading sparked his plan for a victory party.
Ford recalls about 204000 Pintos in the United States and thousands more in Canada and overseas for an antipollution gear defect that could cause gasoline vapors to ignite under the hood. The recall covers Pintos built from launch last summer through March 13, with 7500 built after that date exempt. No injuries reported. fires limited to exterior components and backfires noted.
The text outlines that LT Calley’s sentence will be reviewed through four drawn-out procedures potentially spanning five years or more. If military remedies are exhausted, he may appeal in federal courts up to the Supreme Court. Any death sentence requires presidential approval. The last Army manual execution occurred in 1961, with a rape conviction hanged at Ft Leavenworth. Calley would likely be sent there after sentencing, and the convening authority could reduce any sentence.
The piece analyzes Soviet policy under Khrushchev, noting the first five year plan prioritizes consumer economy on paper, while civilians feel pulled between restrictions and better living. Observers label the era a Congress of Re-Stalinization, citing aging leadership and a weakened Politburo.
Washington AP President Nixon sets flexible wage and price boundaries for inflation plagued construction industry by signing an executive order creating self regulating anti inflationary machinery. Wage increases expected near 6 percent yearly but limited by craft by craft labor management boards. Davis Bacon Act reinstated to require union scale wages on federal projects. Publicizing noncomformists and withholding contracts possible. Review of existing contracts may renew negotiations. Craft boards overseen by a 12 member committee to judge wage settlements.
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