Stocks Decline Sharply
Stock prices took another sharp slide yesterday, with the Dow‐Jones industrial average falling 14.85 points, to 676.55. The broad setback, on the heels of Tuesday's retreat, left the average at a seven‐year low.
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Stock prices took another sharp slide yesterday, with the Dow‐Jones industrial average falling 14.85 points, to 676.55. The broad setback, on the heels of Tuesday's retreat, left the average at a seven‐year low.
Pres Nixon, in message to Cong, asks Cong to ratify 2 treaties dealing with threat of oil pollution by ships at sea and liability of shipowners for coastal damage from tanker spills, and to approve amendments to '54 Convention for Prevention of Pollution of Sea by Oil; amendments deal with intentional discharge of oil or oily waste on high seas and will prohibit such discharges within 50-mi; asks Cong to pass legis Ports and Waterways Safety Act, '70, that will give USCG authority to protect against spills by controlling inland water traffic and within 3-mi territorial limit; 22 nations have signed corns for 2 treaties but none have ratified them; treaty which imposes civil liability upon shipowner is expected to meet with some resistance in Sen because its provisions differ from those in Water Quality Improvement Act; Sen Muskie, concerned with inconsistencies of domestic law and proposed treaty, proposes additional hearings on treaty, lr to Sen Fulbright; Sen members are worried that treaty, if passed, will supersede domestic act, which they believe to be stricter than proposed treaty
article in NY Times series on urban problems discusses failure of lob training programs and steadily rising unemployment rate in ghetto areas because of econ slowdown; situation in Detroit, St Louis, San Antonio, Phila, Seattle and Birmingham, Ala, described; Birmingham Concentrated Employment Program chmn Nixon charges discrimination is still major problem in trying to find jobs for Negro trainees; city officials rept white businessmen refuse to participate in program because they feel it is civil rights activity and consider trainees less qualified than other workers; Phila Urban League exec dir Freeman holds training programs are failing because of fund cuts; charges trainees have been trained for jobs that never existed; illus
About 2,500 S Vietnamese soldiers thrust across border, open new front in Cambodia near Special Forces camp at Duclap; Amer troops rept finding bodies of 33 Cambodian civilians apparently killed by earlier Amer B-52 bombing strike; 9 other civilians injured; Amer casualties in Cambodian operations to date put at 162 killed, 664 wounded; S Vietnamese troops link up with Cambodian soldiers in small town near Takeo after cross-country drive from S Vietnam; make vital Route 2 from Pnompenh to Takeo safe for traffic; map
Helmeted construction workers lead tens of thousands of peaceful demonstrators in rally and parade supporting Nixon's policies, scoring Mayor Lindsay's, City Hall area, NYC; demonstration staged by Bldg and Construction Trades Council of Greater NY to demonstrate 'love of country and love and respect for our country's flag'; several minor incidents take place; Police Comr Leary repts 3,800 policemen assigned to area; Lindsay issues statement lauding demonstration organizers and police 'who performed so superbly'; parade and flag-decked sts illus; about 1,500 construction workers demonstrate in support of Nixon, Buffalo, NY
Music on My Birthday
The Top 50 albums for the chart week of May 20, 1970, covering May 21, 1970.
Paul McCartney
Simon & Garfunkel
Crosby| Stills| Nash & Young
Chicago
Jimi Hendrix
1970Brigita Bukovec, Slovenian hurdler[†]
Brigita Bukovec is a retired Slovenian hurdler who won an Olympic silver medal in 1996. During the Olympics she set a personal best time with 12.59 seconds.
1970Dorsey Levens, American football player and sportscaster[†]
Herbert Dorsey Levens is an American former professional football player who was a running back in the National Football League (NFL), primarily for the Green Bay Packers. He played college football for the Notre Dame Fighting Irish and later the Georgia Tech Yellow Jackets. Levens was selected by Green Bay in the fifth round of the 1994 NFL draft. He helped the Packers win the Vince Lombardi Trophy in Super Bowl XXXI against the New England Patriots.
1970Pauline Menczer, Australian surfer[†]
Pauline Menczer is an Australian surfer. She was Women's World Champion for Professional Surfing in 1993.
1970Carl Veart, Australian footballer and coach[†]
Thomas Carl Veart is an Australian former footballer who was most recently the head coach for Adelaide United.
1970E. L. Grant Watson, English-Australian biologist and author (born 1885)[†]
Elliot Lovegood Grant Watson was a writer and biologist. Among some 40 books and many essays and short stories he wrote six 'Australian' novels and several scientific-philosophical works that challenge Darwinism, or the mechanism of evolutionary theory, as an entire explanation for the development of life on earth.
In 1970, the world population was approximately 3,694,683,794 people[†]