Word: news
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Dates: during 1970-1979
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...swift 7.7% expansion during 1969. The trick, of course, is to keep the anti-inflationary slowdown from growing into a grave economic slump. Last week, stock prices, often an advance indicator of broader economic trends, fell to their lowest level since November 1963 (see BUSINESS). Still, Nixon told his news conference at week's end: "I do not expect a recession to occur." Thanks to his "real" budget surplus, he added, "the time is coming" when the Federal Reserve Board can relax its monetary restraints. "I'm not saying what the Federal Reserve ought to do," said...
...Office of Information (MACOI) in South Viet Nam. Its Saigon accreditation office issued press cards last month to four U.S. military investigators. What they were supposed to investigate is unclear, though genuine correspondents in Saigon suspect they intended to use their press cover to probe sources of news leaks, the operation of the black market and the scope of antiwar movements. Despite attempts by the agents to melt invisibly into the Saigon press corps, their cover was quickly blown. MACOI tried to brush off the incident by blaming it on a major who had approved the cards, but in fact...
Says Don H. Reuben, a Chicago lawyer who represents NBC, the Tribune Co., the City News Bureau, Look magazine and Time Inc.: "We've become an information service for everybody who's in court." A Chicago TV news director adds: "The judges are being unfair, just stamping out subpoenas as if they were using a Xerox machine...
...them have, in all sorts of cases. Often, the government is clearly entitled to a reporter's private information. The question is one of reason and balance, and journalists are starting to feel that the balance is being abused by subpoenas. As Richard Wald, vice president of NBC News, says: "Subpoenas have become easy ways for prosecutors to fish around." Such fishing can tie up newsmen in the search for old film clips and notes, as well as endanger the relationship of trust that must exist between a reporter and the people he interviews...
...This can't become a dragnet operation in which law-enforcement people are relying on us to do their police work," notes CBS News President Richard S. Salant. "People are going to duck when we come around because they'll think we are arms of government. Our sources will dry up. We have trouble now covering the activities of militants because they regard us as part of the government...