Dollar firms buoy European markets as gold dips
The dollar firmed in Europe on Monday while gold prices declined after weekend currency movements. Market observers note increased demand for the greenback amid global monetary shifts, with investors awaiting central bank cues and economic data releases.
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Perons followers victorious in Argentina presidential vote
Exiled former president Juan Peron’s supporters swept to a large lead in Argentina’s first presidential election in a decade. Hector Campora, 63, chosen by Peron, led with 48.7 percent with 9 percent counted, while a run-off would occur if no candidate passes 50 percent. Campora pledged to transfer real power to Peron, who remains in Madrid.
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Automakers Heat Up 1975 Emission Debate in Washington
EPA faces a showdown as Detroit faces demand for faster cleaner cars. Honda Mazda and Daimler Benz showcase engines meeting or exceeding 1975 standards, while GM Ford and Chrysler push for more time and costlier development. Hearings in Washington will decide if extra time is granted and how to steer toward real pollution control.
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Downey CIA Spy Freed After 20 Years In China
An American CIA employee, Downey, freed from a Chinese prison after more than two decades, arrived in the Philippines then Connecticut. He said he felt fine and thanked Nixon for pressuring Premier Chou. Downey left Hong Kong by helicopter, then flew to New Britain General Hospital to be with his ill mother. He reported two other American captives, Lt. Cmdr. Robert Flynn and Maj. Philip Smith, would be released soon.
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Gaullist coalition wins five year term in France
Paris. The Gaullist coalition led by the Union for the Defense of the Republic and including the Independent Republicans and Progress and Modern Democracy Group secured 275 seats in the runoff National Assembly election. They hold a 29 seat majority in the 400-seat chamber, weakening from their 1968 landslide.
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Rising prices top concern in Gallup poll
Princeton based UPI reports that three of five Americans see rising prices as the nation’s chief problem. The Gallup survey of 1517 adults conducted Feb 16 to 19 also found drugs crime race relations unemployment and pollution as subsequent worries.
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North Korean Border Fire Kills Two South Koreans
North Korean troops opened fire on South Korean soldiers near Chorwon in Panmunjom, killing two and wounding one. The United Nations Command said it was the first fatal clash along the front since September 1971 as South Koreans replacing border markers came under small arms fire northeast of Seoul.
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Israelis Holding Secret Talks With Arab Leaders
Tel Aviv reports that a high ranking Labor party official says Israelis are holding regular covert discussions with Arab world leaders. The claim comes after earlier reports of meetings between Deputy Premier Yigal Allon and King Hussein of Jordan, which the government denied.
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Granddaughter of Dallas Millionaire Found Safe After Abduction
Leslie Janice Ward a 14 year old granddaughter of Henry E English founder of Red Ball Motor Freight was rescued from a small Highland Park house after a ransom demand was reported as authorities nabbed a 42 year old man two miles away. FBI identified Jima Raymond Beckley on a separate murder warrant in South Vietnam and awaited arraignment today. The victim was reportedly unharmed but exhausted after a lengthy ordeal.
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Nixon vows White House staff not to testify before Congress
President Nixon stated no current or former White House staffer may testify formally before Congress committees. He said executive accountability requires staff to offer candid advice without risk of public debate during or after service.
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