On this day
Revisit the news, notable people, and historical moments connected to this date.
In 1973, the world population was approximately 3,920,805,042 people[â ]
1973Josh Homme, American singer-songwriter, guitarist, and producer[â ]
Joshua Michael Homme is an American musician, singer-songwriter, multi-instrumentalist, and record producer. He is best known as the founder and only continuous member of the rock band Queens of the Stone Age, which he formed in 1996. Homme is the band's primary songwriter and mainly sings lead vocals and plays guitar. He also plays drums in the rock band Eagles of Death Metal, which he co-founded in 1998.
1973Watergate scandal: Televised hearings begin in the United States Senate.[â ]
The Watergate scandal was a major political scandal in the United States involving the administration of President Richard Nixon. The scandal began in 1972 and ultimately led to Nixon's resignation in 1974, in August of that year. It revolved around members of a group associated with Nixon's 1972 re-election campaign, who broke into the Democratic National Committee headquarters in the Watergate Hotel in the Watergate complex in Washington, D.C., on June 17, 1972, where they planted listening devices, and Nixon's later attempts to conceal his administration's involvement in the burglary.
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The dollar firmed against other currencies on leading European money markets yesterday in somewhat quieter dealings. Prices of gold bullion dropped following the sharp advances of Monday and Tuesday. Details, Page 63.
NYC mayoral candidate M Biaggi expresses outrage at recently announced investigation into '59 shooting incident in which he, as police lt, shot robbery suspect, saying that it has been considered act of heroism for 14 yrs
Pres Nixon accuses Cong, May 16, of 'action that could severely undermine' the chances of restoring peace to Cambodia and all of Indochina, statement read by his press sec R L Ziegler; argues that recent Sen and HR moves to stop US bombing in Cambodia are especially damaging because they come 'on the very eve of negotiations to achieve compliance' with the truce accord; refers to KissingerâLe Duc tho talks in Paris; Sen Repub leaders, using series of technical delaying measures, force Sen Mansfield to hold up action for a wk on a total cutâoff of funds for the bombing; Mansfield says he has no choice; Sen Scott says an opportunity should be given for KissingerâTho to succeed; Repub Sen Saxbe says he will probably vote for fund cutâoff; says US bombing of Cambodia 'shows a callousiness for civilians that we cannot tolerate in this country'; thinks fund cutâoff will pass; Sen E J Gurney opposes further bombing; excerpts from Sec Richardson secret testimony, obtained by NY Times, suggest that Nixon will back off from conflict with Cong if it votes fund cutâoff; adds that if US can go ahead on bombing at present rate during Paris talks, 'we should have a relatively stable situation through the summer, and the whole situation should be reassessed then'; HR Dem Caucus votes 125â10 for resolution urging legis to prohibit the conduct of war in SE Asia without specific permission of Cong
Sen Watergate com will begin its hearings May 17 in Caucus Room of Old Sen Bldg exactly 11 mos after Watergate scandal 1st arose with arrest of 5 men who had broken into Dem Natl Com hq; 1st witnesses will be R C Odle Jr, dir of adm for Repub reâelection com, B A Kehrli, staff sec to Pres, and Sgt P W Leeper, policeman who, along with 2 colleagues, arrested Watergate burglars; hearings will be televised nationally; Watergate com has divided its investigation into 3 principal areas: effort by J W McCord Jr, his coâconspirators and any others to wiretap and bug Dem opposition in May and June '72; campaign financing irregularities and broader efforts at espionage and sabotage; major issue within com is question of whether to compel testimony from exâWhite House counsel J W Dean 3d by granting him immunity from prosecution; Judge Sirica grants Sen immumity to G G Liddy May 16; illus of Caucus Room
NYS Legis on May 16 overwhelmingly approves bill that would suspend for 1 yr 2.5% income tax surcharge authorized during '71â72 fiscal crisis; measure passes Assembly by vote of 134â1 and Sen by 59â0; bill would suspend surcharge on '73 taxable income and save avg taxpayer about $15; loss of revenue to state is estimated at $80âmillion; Sen majority leader W M Anderson says indications from Gov Rockefeller are that he 'would be happy to sign it'; surcharge was added to income tax as temporary, 5âyr measure; only Assemblyman to vote against suspension of surcharge is A O Eve; Dems call passage of tax cut 'limited victory'; Assembly Speaker P B Duryea hails passage as 'historic event'; Dems in both houses take credit for 'forcing' Repubs to come out with surcharge suspension; Sen M Ohrenstein says that credit for passage belongs to Dem minority; during debate on measure, Assembly majority leader J E Kingston said that incomeâtax receipts during Apr were up 12% over '72, assuring sufficient surplus to permit suspension of surcharge; Assemblyman B G Hecht estimates that there would be surplus in excess of $700âmillion; Assembly minority leader S Steingut joins call for additional taxâcutting measures; Assemblyman C E Cook comments; last tax cut in NYS was in '61, when income taxes were cut by 10% for 1 yr to absorb unanticipated fiscal surplus built up in '60â61
some 25 Repub party leaders strongly criticize Pres Nixon's handling of Watergate scandal on May 16 and warn that dwindling confidence in Govt is damaging both country and party, meeting, Washington, DC; conclude that party might function better by divorcing itself from Adm unless there is some quick action 'to restore confidence and reorganize the White House'; Sen Goldwater says May 16 that Pres has not gone far enough to restore confidence in his Adm; Miss Repub state chmn C Reed, chmn of closed meeting, says it is his judgment that group 'wants this thing absolutely out in the open and compeletely straight, no matter who is involved, including the Pres'; endorses Goldwater's statement, which was issued earlier in day
former CIA Dir Helms is quoted as saying May 16 that he felt White House requests for CIA's assistance in Watergate affair were improper but that he never told Pres Nixon of his concern; Helms testifies May 16 before Sen Appropriations subcom that is investigating CIA's involvement in Watergate case; Sen McClellan says Helms expressed concern over repeated attempts of White House aides to involve CIA in Watergate; Helms confirms repts of other CIA officials but under questioning he defends his earlier denial before Sen Foreign Relations Com of CIA involvement in Watergate affair; Sen M R Young, when asked if Helms had known that White House requests for CIA assistance were part of attempted coverâup, says he did not and in fact, they were not; says soâcalled Mexican laundering operation did not relate in any way to bugging of Dem Natl Com hq; Helms por
Chmn of Sen Aeronautical and Space Sciences Com Sen Moss, in lr to NASA Admr Fletcher, on May 16 urges prompt investigation into problems besetting orbiting Skylab space station
NY Times survey finds that overseas criticism of Nixon Adm has been light and Amer foreign relations so far do not appear to have suffered significant damage in wake of Watergate scandal; survey indicates that despite heavy overseas news coverage of Watergate, there his been no rise in antiâAmericanism and that affair has provoked understanding discussion of Amer system; other results; countryâbyâcountry breakâdown of survey
Fed Reserve Bd takes series of steps May 16 aimed at slowing huge growth in bank lending to business by reducing incentive of banks to add to their funds by issuing large 'ctfs of deposit' in order to relend them, at profit, to borrowers; key measure would require banks to keep on deposit with Reserve 8% of any additional funds they raise issuing large ctfs of deposit in excess of amt of ctfs that they had outstanding this wk; applies to ctfs of deposit of $100,000 or more and, thus, does not affect ordinary personal savers; other actions involving reserve requirements on commercial paper, bank borrowings of Eurodollars and ceilings on interest rates paid on ctfs of deposit outlined
SEC Chmn Cook resigns May 16 and becomes 13th Nixon Adm official to do so since late Feb after Watergate scandal and disclosures of Nixon reâelection campaign activities; illus
J L Loeb, Wall St investment banker, accused by Fed Govt of disguising source of $48,000 contribution to Sen H Humphrey's unsuccessful '72 Pres campaign; Loeb, 1st contributor to be accused under new campaign contribution disclosure laws, is charged with 'urging' 8 people to write checks for Humphrey's campaign and then reimbursing them with his own money, in violation of new law that provides 'no persons shall make a contribution in the name of another person'; Loeb, sr partner of Loeb Rhoades & Co, issues statement asserting that at time of donation he was not aware of change in law; says when he found out he immediately asked Humphrey's campaign people to announce that money in question really came from him; says Humphrey people did make such announcement; denies suggestion made by some politicians that he was 'hedging his bets' by making secret donation to Humphrey at same time he was donating to Nixon's campaign; says he did not support Nixon until after McGovern became Dem nominee; Sen Humphrey says he has 'no knowledge of the details' of matter but says he knows Loeb is 'distinguished and respected citizen'; Loeb's long history of donations to different Humphrey pol campaigns recalled