News stories from Tuesday March 30, 1976
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Justice Department sources said that Attorney General Edward Levi would soon order the Federal Bureau of Investigation to notify all citizens who had been targets of the 17-year Cointelpro program of harassment and disruption against various radical groups. Hundreds and even thousands may still be unaware that they were such targets. One official said that notification could subject the department to a barrage of civil lawsuits brought by those whose lives were damaged by Cointelpro. [New York Times]
- Evidence is accumulating that Senator Hubert Humphrey is intervening for the first time in the Democratic presidential contest by trying to head off a victory by Jimmy Carter over Representative Morris Udall in the Wisconsin primary. Mr. Humphrey has told friends that if Mr. Carter wins in Wisconsin and runs a strong second to Senator Henry Jackson in the New York primary, the contest may be all but over. [New York Times]
- Mr. Carter thinks it would be inappropriate for the federal government to single out New York City for special favors. Unlike his two major rivals in the New York state Democratic presidential primary, Senator Jackson and Representative Udall, he opposes a federal takeover of welfare as too costly. He was interviewed by the New York Times. [New York Times]
- President Ford won significant victories in both the House and Senate Budget Committees where attempts by liberal Democrats to force major reductions in his military budget were defeated. Congress seems almost certain to approve military appropriations close to Mr. Ford's goals. Until quite recently, liberal Democrats had sought cuts as high as $7 billion. [New York Times]
- President Ford replaced Howard Callaway as chairman of his campaign organization with Rogers C. B. Morton. Accepting his formal letter of resignation, Mr. Ford expressed confidence that Mr. Callaway would be cleared of charges of using improper influence while Secretary of the Army to get government approval of plans to expand a ski resort in Colorado that he controls. [New York Times]
- Denis Healey, Britain's Chancellor of the Exchequer, lost out in the contest to succeed Harold Wilson as Labor Party leader and Prime Minister, coming in last in the three-man race. Supporters of Foreign Secretary James Callaghan, who was first, were optimistic that most of the Healey backers would switch to him, providing a majority over Michael Foot, the Secretary for Employment, in the final balloting. [New York Times]
- Syrian mediators raised pressure on recalcitrant Lebanese factions to agree to a week's truce in the civil war. But as Moslem forces continued to advance in downtown Beirut, Kamal Jumblat, the Lebanese Druse leader who is titular head of the Moslem-leftist alliance, again rejected the idea as being of advantage to the Christian rightists. [New York Times]
- Western intelligence reports reaching Paris said Iraq had threatened to intervene militarily in Lebanon if Syria exerted heavy pressure on Moslem forces for a cease-fire. Kamal Jumblat reportedly received an assurance last week that Iraq would send in airborne troops to aid his Moslem-leftist alliance if the Syrians became substantially involved in Lebanon. [New York Times]
- In the northern half of Israel, a general strike of Arab citizens erupted into violent clashes with security forces in more than a dozen villages, leaving at least five Arabs dead. The Arabs were protesting a government plan to appropriate Arab land as a part of a regional housing and development program in Galilee, an area which is predominantly Arab. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 992.13 (-5.27, -0.53%)
Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish. | |||||||||||||||
| Market Index Trends | |||
|---|---|---|---|
| Date | DJIA | S&P | Volume* |
| March 29, 1976 | 997.40 | 102.41 | 16.10 |
| March 26, 1976 | 1003.46 | 102.85 | 18.51 |
| March 25, 1976 | 1002.13 | 102.85 | 22.51 |
| March 24, 1976 | 1009.21 | 103.42 | 32.61 |
| March 23, 1976 | 995.43 | 102.24 | 22.45 |
| March 22, 1976 | 982.29 | 100.71 | 19.41 |
| March 19, 1976 | 979.85 | 100.58 | 18.09 |
| March 18, 1976 | 979.85 | 100.45 | 20.33 |
| March 17, 1976 | 985.99 | 100.86 | 26.19 |
| March 16, 1976 | 983.47 | 100.92 | 22.78 |