Group of Ten agrees on currency realignment shock
The Group of Ten richest non Communist nations reached a currency realignment deal causing a surge in job estimates and a hoped for two billion dollar swing in the U.S. trade balance. Peterson cautioned changes may take two years to show and warned against surpluses that hurt others. Japanese and German markets brace for the shock with political critics denouncing the impact.
MENTIONED IN THIS ARTICLE
Peterson
Labor Department
U.S
Group of Ten
Germany
Japan
Canada
World exchange rates shift after dollar devaluation pact
London reports first post pact exchange rates with the dollar at 8.222 marks and 2.6057 pounds. The changes follow Nixon’s move to raise gold prices to 38 dollars an ounce, signaling greater currency adjustments and potential trade relief for exporters amid volatile markets.
MENTIONED IN THIS ARTICLE
London
Washington
Mallan Liva
Leon
France
Nixon
Congress
Japan
Canada
Yahya's resignation pressures rise amid war fallout
Pakistan faced intensified calls for President Yahya Khan to resign and face trial over the loss of East Pakistan after the India war. Observers expect he may relinquish his post as commander in chief while the military’s future leadership is debated. In New Delhi, Indian officials stressed bilateral peace talks and self-determined terms. The ceasefire line in the west appeared to settle back to normal, while East Pakistan’s leadership displaced to a Red Cross neutral zone.
MENTIONED IN THIS ARTICLE
Yahya
Radio Pakistan
Pas
Pakistan
India
Mohammad Ayub Kha
Nora Amin
Sass
East Pakistan
Asghar Khan
New Delhi
Jagjivan
Munnawar
Kasmir
Chamb
Press Trust of India
WPT
Joseph Galloway
Dacca
Bangla Desh
A.M. Malik
Red Cross
Pilot fights insane attacker on fiery Tokyo airliner
A Matsudo office worker identified as Masaaki Arai set a fire aboard a Fuji airline flight from Fuku to Tokyo with 13 passengers onboard. He shouted I want to kill myself as the pilot Captain Yoshio Yamada, wounded, fought him with help from a passenger. The plane landed safely and the man died of a self-inflicted chest wound en route to a hospital.
MENTIONED IN THIS ARTICLE
Tokyo
Yoshio Yamada
Yamada
Masaaki Arai
Matsudo
AN Nippon Airways
Fukui
State Lawmakers Prepare Partisan Reapportionment Moves
Democrats push to pass reapportionment resolutions in both houses to put the Legislature on record in favor of a plan that benefits Democrats. The plan, controversial due to no current veto by the governor, relies on simple majority votes and may proceed regardless of court rulings on executive authority. Details show boundary shifts affecting Fresno, Long Beach, and Orange County districts, with incumbents Mobly, Maddy, Denkmeijer, Kennick, Dils, Thomas, Cullen, Hayes, and Porter affected as districts realign ahead of the 1972 election.
MENTIONED IN THIS ARTICLE
Mit
Bill Brophy
Brophy
Richard Alcatorre
Assembly
Fresno County
Ernest N. Mobly
Sanger
Kenneth L. Maddy
Presno
Wey
Senate
George Neukmejian
Inta
Orange County
Seal Beach
Devkineian
Long Beach
Joseph M. Kennick
Carson
Lynwood
Ralph C. Dils
Cherry Avenue
Denkmejlan
S. Diils
Los Angeles
Vincent Thomas
D-San Pedro
Long Beach Naval Base
Seventh Street
Redondo Avenue
Mike Cullen
Recreation Park
Signal Hill
Compton
James A. Hayes
Cullen and
Thomas
Carley Porter
Campton
North
Israel orders deportation of eight American Negro families
Jericho a military restricted area in the West Bank hosts eight Black Hebrewite families ordered deported by Interior Minister Yosef Burg. Seven other families jailed for living in deserted Arab houses without permission. Deportees held tourist visas from October that were not renewed. More than 20 American Negroes linked to the group live in Israel amid rising tensions.
MENTIONED IN THIS ARTICLE
Jerusalem
UPI
Interior — Ministry
West Bank
Jericho
Yosef Burg
Plane ditches in Pacific three rescued off California coast
An Air Force Caribou plane with three aboard ditched in the Pacific off the California coast after trouble during a flight from Taiwan. Coast Guard and Air Force crews rescued all three before the aircraft sank. The pilot was freed from the cockpit by pararescuemen. The injured man was flown to Hamilton Air Force Base hospital. The other two crewmen were taken by the Coast Guard cutter Walpole.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Air Force
Avith
Pacific
California
Tiawali
Coast Guard
Yagmen
Hamilton Air Force Base
Point Fever
Hawaii
Southeast Asia
Army drug epidemic in Vietnam said halted by official
A Defense Department official said the heroin epidemic among U.S. soldiers in Vietnam has been halted but not eliminated. Richard S. Wilbur, assistant secretary for death and environment, denied that discharges violate President Nixon’s pledge to help addicts. He noted personnel cutbacks and cautioned against leniency toward drug use as the army reduces by 50,000.
MENTIONED IN THIS ARTICLE
Saigon
Apt
Defense Department
Vietnam
Richard S. Wilbur
Nixon
Wither
U.S
Also Mentioned on This Page
Monetary Committee
European Common Market
Brussels
International Monetary Fund
Rumfield
Peter G. Peterson
Eisaku Sato
Donald Rumsfeld
Khan
Vany
Ram
Kashmir
Shakargarh
Hyderabad
Hotel Intercontinental
Israel
Dimana
Ritzpah Rimon
Negev Desert
Interior Ministry
Walpole
Mass
Walpole State Prison
Foud
Tae Mnrom
TSN
Wes
Calvert
Smale, Me
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