Translate

Search This Blog

Search Tool




Mar 31, 2012

GATA | THE GATA DISPATCHES: In two interviews Biderman stresses bailouts, market rigging.

In two interviews Biderman stresses bailouts, market rigging

Submitted by cpowell on 12:30PM ET Saturday, March 31, 2012. Section: Daily Dispatches 3:36p ET Saturday, March 31, 2012
Dear Friend of GATA and Gold:

Market analyst and financial letter writer Charles Biderman this week gave two good interviews concentrating on bailouts and market rigging, one with Dan Ameduri of Future Money Trends --

http://futuremoneytrends.com/index.php/category-table/157-charles-biderm...

-- and the other with financial writer Chris Martenson:

http://www.chrismartenson.com/blog/charles-biderman-problem-rigged-marke...

But Martenson himself may have offered the most incisive comment. Introducing Biderman, Martenson said: "The issues before us as investors are as daunting today as they can possibly be, and my position has been that today we are all speculators, not investors, because we have been placed in the uncomfortable position of trying to guess what the central banks are going to do next. Also weighing on investors today is the fact that our official data is what I call fuzzy. That is, it is often statistically massaged to make things look a little bit rosier than they otherwise might."
That may be another way of putting what participants in GATA's Washington conference heard four years ago: "There are no markets anymore, just interventions":

http://www.gata.org/node/6242
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

NYT Global Update: A More Confident Brotherhood Names Candidate in Egypt | Top News

Global Update


TOP NEWS

A More Confident Brotherhood Names Candidate in Egypt

By DAVID D. KIRKPATRICK
The political arm of the Muslim Brotherhood broke a pledge to stay out of Egypt's presidential race, nominating its longtime strategist and financier Khairat el-Shater.

Coup Rumors Spur China to Hem In Social Networking Sites

By IAN JOHNSON
In response to rumors of a coup that spread online, China detained six people, closed 16 Web sites and silenced comments on two widely used microblogs.

Obama Finds Oil in Markets Is Sufficient to Sideline Iran

By ANNIE LOWREY
President Obama's determination cleared the way for severe new sanctions intended to slash Iran's oil revenue and press Tehran to abandon its nuclear ambitions.
World

Slide Show: A Rush for the Exits in Afghanistan

With the United States preparing to wind down aid and troop levels, Afghan entrepreneurs are starting to relocate out of the country. And international interests are also beginning to pull out.
Opinion

Op-Ed Contributor

In Myanmar, an Election Doomed to Fail

By JOEL SAWAT SELWAY
Democratic reforms in Myanmar won't prevent ethnic conflict unless the electoral system is overhauled.
WORLD

Global Failures on a Haitian Epidemic

By DEBORAH SONTAG
The world rallied to confront Haiti's cholera, but the mission was muddled by the United Nations' apparent role in setting off the epidemic and its unwillingness to acknowledge it.
India's Way

Propelling a Nation Onto the World Stage

By JIM YARDLEY
Industry is opening doors between India and its neighbors and rivals, including Pakistan, where commerce officials met recently for India's first trade show in that country.

U.A.E. Closes Down U.S.-Financed Democracy Group

By STEVEN LEE MYERS
On the eve of a meeting with Secretary of State Hillary Rodham Clinton, the United Arab Emirates announced that it had shut down an organization that promotes democracy, officials said.
BUSINESS

Out of One Frying Pan, and Into Another

By SUSANNE CRAIG
After a lucrative career at Merrill Lynch, Ahmass Fakahany is bringing a Wall Street sensibility to running restaurants. And so far, it has worked.

The Human Voice, as Game Changer

By NATASHA SINGER
Nuance Communications, the leading company in voice technology, is expanding its efforts to make more kinds machines responsive to our spoken commands.

Finance Ministers Clear Way for Credit Rating Competition in Europe

By JAMES KANTER
The ministers agreed to require companies to rotate ratings agencies, though the rules still must be approved by governments and the European Parliament.
TECHNOLOGY

After Threats, No Signs of Attack by Hackers

By SOMINI SENGUPTA
Threats of an attack on one of the crucial parts of the Internet have not had a measurable impact, said several people monitoring the Domain Name System.
Digital Domain

Computer Science for the Rest of Us

By RANDALL STROSS
Many computer science professors said they think all college students should learn "computational thinking," but they disagree on its core components.

Warned of an Attack on the Internet, and Getting Ready

By SOMINI SENGUPTA
The largely unseen forces that keep the Internet running have fortified crucial parts of it after learning of plans for an attack by Anonymous on the Domain Name System.
SPORTS

Sharapova Loses in Final, Making 45 Unforced Errors

By EDGAR THOMPSON
Agnieszka Radwanska snapped a six-match losing streak to Maria Sharapova, a three-time Grand Slam winner, and solidified her place at the top of the women's game.

Manchester City Is Forced to Scramble for a Point

By THE ASSOCIATED PRESS
Manchester City scored two late goals Saturday to stay close to Manchester United in England's Premier League.

Germans Take Pairs Title

By THE ASSOCIATED PRESS
Aliona Savchenko and Robin Szolkowy of Germany won the world figure skating pairs title in Nice, France, for the fourth time.
U.S. NEWS

Uranium Mines Dot Navajo Land, Neglected and Still Perilous

By LESLIE MACMILLAN
Scientists and Indian advocates question why the government is not acting more quickly on a cleanup.

Young Writers Find a Devoted Publisher: Thanks, Mom and Dad!

By ELISSA GOOTMAN
A growing number of self-publishing companies have inspired writers of all ages to bypass the traditional gatekeeping system for determining who could call himself a "published author."

Giffords Keeps Campaign Money, Prompting Talk of a Possible Comeback

By JENNIFER MEDINA
Since her resignation from Congress, Gabrielle Giffords has not returned the money in her campaign account, leaving the door open for another Congressional run.

Lottery official: Winning Mega Millions ticket sold in Maryland; unknown if others sold: Today's Highlights | Today's Headlines | The washington Post

The Washington Post

TODAY'S HEADLINES

TODAY'S HIGHLIGHTS
Lottery official: Winning Mega Millions ticket sold in Maryland; unknown if others sold
A Maryland Lottery official says the winning Mega Millions ticket was purchased at a retailer in Baltimore County.
(By Associated Press)

The early line on Mitt Romney’s ‘veepstakes’
The habitually cautious Mitt Romney is less likely to pick a game-changing running mate and more likely to choose someone he sees as ready to be president.
(By Philip Rucker)

Obama, Romney aim fire
President Obama and Republican Mitt Romney delivered dueling political speeches about the president’s leadership of the nation.
(By Amy Gardner and Philip Rucker)

White House sees more pain for Iran as it clears way for further sanctions
Tougher sanctions against Iran clear final hurdle as U.S. seeks to pressure Iran into concessions on its nuclear program.
(By Joby Warrick and Brad Plumer)

Michelle Singletary: Dreaming of Mega Millions
COLUMN | Why I threw away common sense and bought a ticket.
(By Michelle Singletary)

NATION
Clinton meets with Gulf nations over missile defense
Secretary of State Clinton meets with the six-nation Gulf Cooperation Council over a regional missile defense system.
( by Karen DeYoung , The Washington Post)

U.S. concerned about treatment of envoy to Russia
Ambassador Michael McFaul has suggested that Russian journalists from state-controlled television may have hacked his phone and e-mail account.
( by Peter Finn , The Washington Post)

Panel recommends publication of papers on ‘engineered bird flu’
Ruling comes after panel learns that papers don’t tell how to make the mutated strains and that similar strains exist in chicken flocks overseas.
( by David Brown , The Washington Post)

White House sees more pain for Iran as it clears way for further sanctions
Tougher sanctions against Iran clear final hurdle as U.S. seeks to pressure Iran into concessions on its nuclear program.
( by Joby Warrick and Brad Plumer , The Washington Post)

Hearings show our dependence on military space technology
Fine Print’s Walter Pincus takes a look at the U.S. military’s dependence on space.
(, The Washington Post)

More National: Breaking National News & Headlines - Washington Post



METRO
Ursula Mattheisen, conservation activist
The Falls Church homemaker volunteered with and supported conservation groups, receiving an award from the Izaak Walton League.
(, The Washington Post)

Md. House subsidizes offshore wind
The O’Malley-backed project could become the nation’s first Atlantic offshore wind farm.
( by Greg Masters , The Washington Post)

Warm March may set D.C. record
With the month ending Saturday, it appears likely to be the warmest March on record in Washington. In addition, the first quarter of this year may be the warmest first quarter ever recorded.
( by Martin Weil , The Washington Post)

As D.C. picks legal pot-growers, a new store caters directly to them
Trays, lighting, soil, tools — if you need it to grow plants in a controlled, indoor space you’ll find it at weGrow, “the first hydro store to come out and say that our products are used to cultivate medical marijuana.”
( by Rachel S. Karas , The Washington Post)

Praise and worship leaders play key roles
The emergence of the praise leader in modern evangelical churches has taken the praise and worship experience to new levels.
( by Hamil R. Harris , The Washington Post)

More Post Local: Washington, DC Area News, Traffic, Weather, Sports & More - The Washington Post


POLITICS
Md. House subsidizes offshore wind
The O’Malley-backed project could become the nation’s first Atlantic offshore wind farm.
( by Greg Masters , The Washington Post)

 
Va. plans changes in prisoner isolation
Criticized for its confinement practices, the state plans more transfers, other adjustments at the super-maximum Red Onion facility.
( by Anita Kumar , The Washington Post)

3 join Allen on Va. GOP primary ballot
The ex-senator will have to fight them off for a shot at reclaiming his seat. Tim Kaine is unopposed for the Democratic nod.
( by Ben Pershing , The Washington Post)

The early line on Mitt Romney’s ‘veepstakes’
The habitually cautious Mitt Romney is less likely to pick a game-changing running mate and more likely to choose someone he sees as ready to be president.
( by Philip Rucker , The Washington Post)

Obama, Romney aim fire
President Obama and Republican Mitt Romney delivered dueling political speeches about the president’s leadership of the nation.
( by Amy Gardner and Philip Rucker , The Washington Post)

More Post Politics: Breaking Politics News, Political Analysis & More - The Washington Post



STYLE
Carolyn Hax: The right words for those in mourning
Readers give advice on what to say to those who are grieving.
(, The Washington Post)

Georgetown’s top dog gets an apprentice
Georgetown University gets a mascot-in-training, a four-month-old bulldog puppy nicknamed J.J.
(, The Washington Post)

Music review: Nero’s future looks bright
The British musical duo, along with vocalist Alana Watson, showcased their debut album, “Welcome Reality,” at the 9:30 Club on Thursday.
( by Megan Buerger , The Washington Post)

At Current TV, Olbermann out, Spitzer in
The network ends its relationship with the famously fractious “Countdown” host.
(, The Washington Post)

On Love: ‘You’re perfect for me. You’re my counterpoint.’
Erik Johnson and Ellen Shatzen, who met while they lived in the same apartment building, were great together. All he had to do was start ignoring her.
(, The Washington Post)

More Style: Culture, Arts, Ideas & More - The Washington Post


SPORTS
Scrubb, Bulldogs in command
BASEBALL | Andre Scrubb retires the the last 11 batters in order and also has two hits, helping Hylton to a 6-1 victory over Westfield.
( by Preston Williams , The Washington Post)

TV and radio listings: March 31

(, The Washington Post)

Maicon Santos leads United
Brazilian scores two goals and the attack is lively throughout a 4-1 victory over Dallas that marks D.C. United’s first win this season.
( by Steven Goff , The Washington Post)

Phelps wins 400 IM final in Indianapolis
After swearing he had given up the event, Michael Phelps wins the 400 individual medley final at the Indianapolis Grand Prix.
( by Amy Shipley , The Washington Post)

Gonzaga’s wait is lifted
Two goals each from juniors Patrick Myers and Alex Corboy and a strong defensive effort lift Gonzaga to its first victory over Georgetown Prep in lacrosse.
( by Eric Detweiler , The Washington Post)

More Sports: Sports News, Scores, Analysis, Schedules & More - The Washington Post


WORLD
Burmese activist committed to win
Opposition leader Aung San Suu Kyi said Friday that Burma’s andmark weekend elections will be neither free nor fair because of widespread irregularities, but she vowed to continue her candidacy for the sake of the long-repressed nation.
( by Todd Pitman , The Washington Post)

Clinton meets with Gulf nations over missile defense
Secretary of State Clinton meets with the six-nation Gulf Cooperation Council over a regional missile defense system.
( by Karen DeYoung , The Washington Post)

U.S. concerned about treatment of envoy to Russia
Ambassador Michael McFaul has suggested that Russian journalists from state-controlled television may have hacked his phone and e-mail account.
( by Peter Finn , The Washington Post)

Opposition in Syria condemns slow efforts to end bloodshed
Rebels call for weapons ahead of “Friends of Syria” conference.
( by Alice Fordham , The Washington Post)

White House sees more pain for Iran as it clears way for further sanctions
Tougher sanctions against Iran clear final hurdle as U.S. seeks to pressure Iran into concessions on its nuclear program.
( by Joby Warrick and Brad Plumer , The Washington Post)

More World: World News, International News, Foreign Reporting - The Washington Post


LIVE DISCUSSIONS
Talk about Travel
Have a travel-related question, comment, suspicion, warning, gripe, sad tale or happy ending? The Post Travel section's editors and writers are at your service.
(, vForum)

CANCELED: Carolyn Hax Live: Advice columnist tackles your problems (Friday, March 30)
Advice Columnist Carolyn Hax takes your questions and comments about the strange train we call life.
(, vForum)

'Idol' goodbyes, Katie Couric, and '30 Rock' live: Lisa de Moraes' TV Column Live
Post TV columnist Lisa de Moraes chats with readers about the latest in television!
(, vForum)

Real Wheels Live
Live online discussion with Real Wheels columnist Warren Brown about car-buying and the auto industry.
(, vForum)

The Fix Live: Can Romney take Obama on foreign policy?
The Fix's Chris Cillizza discussed Romney's attempt to discredit Obama in foreign affairs, and the latest in political news.
(, vForum)

More Conversations: Discussions, Blogs, Debates, Live Q&A's and More - The Washington Post


TECHNOLOGY
Over 50K Visa and Mastercard credit cards compromised
Credit card data — enough to create counterfeit cards — has been stolen from Visa and Mastercard users, Visa confirmed today.
( by Meghan Kelly | VentureBeat.com , VentureBeat.com)

RIM’s former co-CEO Jim Balsillie out from board of directors

( by Sean Ludwig | VentureBeat.com , VentureBeat.com)

Is Google planning iPad competitors?
Google expects to launch an online store for tablets, emulating the Apple/Amazon model for selling merchandise, a report says.
( by Hayley Tsukayama , The Washington Post)

More Technology News - The Washington Post


EDITORIAL
How Russia can ease Assad out
The goal is to remove Syria’s brutal dictator
( by Jane Harman , The Washington Post)

Oil shock? Not likely.
The undue worry about a crisis with Iran.
( by Steve A. Yetiv , The Washington Post)

Meeting Israel halfway on Iran
It is possible to give diplomacy a chance to work.
( by Dennis Ross and David Makovsky , The Washington Post)

District voters speak
As council members smell of scandal.
(, The Washington Post)

Fear and blood in Florida
Appalling presumptions in the Trayvon Martin case.
(, The Washington Post)

More Opinions: Washington Post Opinion, Editorial, Op Ed, Politics Editorials - The Washington Post


BUSINESS
Data breach could affect millions of users
Electronic payment processing company says its “card data may have been accessed;” Visa, Mastercard say consumers won’t be held accountable for false purchases.
( by Brady Dennis , The Washington Post)

Apple, Foxconn labor pact awaits industry reaction
An announcement by Apple and supplier Foxconn to overhaul working conditions in overseas factories is putting pressure on other companies to follow suit.
( by Sarah Halzack and Ariana Eunjung Cha , The Washington Post)

Challengers to lead World Bank ask for ‘a fair chance’
The U.S. nominee is expected to become the bank’s next president, but two challengers from developing countries argue that, on merit, they are the stronger candidates.
( by Howard Schneider , The Washington Post)

SEC: Funds limit restructuring options
After spending millions of dollars for a management consultant to analyze its operations, the Securities and Exchange Commission said a shortage of money will limit its ability to act on the recommendations.
( by David S. Hilzenrath , The Washington Post)

Mega Millions jackpot surges to $640 million
The jackpot for the Mega Millions lottery game has swelled to an epic size.
(, The Washington Post)

More Business News, Financial News, Business Headlines & Analysis - The Washington Post

NYT Morning Business: News Warned of an Attack on the Internet, and Getting Ready | Today's top Headlines:

Today's Headlines



TOP NEWS

Obama Finds Oil in Markets Is Sufficient to Sideline Iran

By ANNIE LOWREY
President Obama's determination cleared the way for severe new sanctions intended to slash Iran's oil revenue and press Tehran to abandon its nuclear ambitions.

In Afghanistan, Businesses Plan Their Own Exits

By GRAHAM BOWLEY and MATTHEW ROSENBERG
Anxiety is running high in Afghanistan's domestic and international business communities as the Afghan-United States relationship deteriorates and the Western drawdown begins.

U.S. and China Press for Influence in Myanmar

By JANE PERLEZ
As strategically placed Myanmar loosens the grip of dictatorship, each side is doing whatever it can to gain the country's favor.
QUOTATION OF THE DAY
"I don't have the energy to take the gun again and start fighting. That's why I am looking for a way out."
ABDUL WASAY MANANI, a butcher who, like many Afghan businessmen, is plotting his own exit strategy for when American forces pull out.

U.S.
An inmate at Pelican Bay prison in California had his hands shackled before his cell door was opened.

Slide Show: A Legacy of Solitary

California has for decades used long-term solitary confinement as a way to combat the gang violence in its overcrowded prisons. But the state is now proposing changes in its policy that could decrease the use of isolation.
Opinion
Op-Ed Contributor

Taking Responsibility for Death

More Americans should take the initiative to spell out what treatments they do - and do not - want by writing living wills and appointing health care proxies.
WORLD

Militia Member Drugs and Kills Afghan Colleagues

By FAROOQ JAN MANGAL and MATTHEW ROSENBERG
A member of an Afghan militia promoted by the American military to protect rural villages drugged his colleagues and killed at least nine of them as they slept on Friday, the police chief of Paktika said.

Pressed on All Sides, Leader of Coup in Mali Digs In

By ADAM NOSSITER
Mali's new Constitution makes Amadou Haya Sanogo the supreme boss and wipes out Parliament, and the opposition is being harassed. Yet nothing is settled.

Disabled Britons Say Changes to Aid Endanger Them

By SARAH LYALL
Prime Minister David Cameron's new get-tough policy has left his coalition government in conflict with thousands of ill and disabled Britons.
U.S.

Fighting a Drawn-Out Battle Against Solitary Confinement

By ERICA GOODE
California is proposing changes in its efforts against gang violence that could decrease the use of long-term segregation.

Speak Up? Raise Your Hand? That May No Longer Be Necessary

By JAN HOFFMAN
The use of clickers has spread from classroom pop quizzes to corporate presentations and church sermons, as efforts increase to encourage participation and gauge opinions.

Tale of Love and Illness Ends in Deaths

By MATT FLEGENHEIMER
After six decades of marriage and his wife's decline, the author of a poignant essay killed himself and her, too.
POLITICS

Primary Turnout Could Signal Trouble for G.O.P.

By TRIP GABRIEL
The number of Republican voters has risen slightly from 2008, but the percentage of eligible voters at the polls has decreased.

Romney Skips G.O.P. Rivals in Anti-Obama Speech

By ASHLEY PARKER
Mr. Romney has adopted the tone of the presumptive Republican nominee as Tuesday's Wisconsin primary approaches.

Health Overhaul Is Backdrop as Obama Returns to Stump

By HELENE COOPER
The president made no mention of this week's closely watched Supreme Court hearing on his health care law at a fund-raiser in Vermont.
BUSINESS

Warned of an Attack on the Internet, and Getting Ready

By SOMINI SENGUPTA
The largely unseen forces that keep the Internet running have fortified crucial parts of it after learning of plans for an attack by Anonymous on the Domain Name System.

A Health Law at Risk Gives Insurers Pause

By REED ABELSON and KATIE THOMAS
Policy experts and others are weighing the repercussions of the Supreme Court possibly striking down the entire health care law passed in 2010.

Chinese Company and Employee Deny Any Involvement in Hacking Attacks

By DAVID BARBOZA
After being accused of attacks across several countries, Tencent, a Chinese Internet company, and one of its employees suggested that his identity may have been confused with someone else's.
TECHNOLOGY
News Analysis

Two Sides to Labor in China

By KEITH BRADSHER
A shortage of workers is a big factor in the long shifts and workweeks that manufacturers have used to meet production quotas, all while forcing higher wages.

Labor Audit on Foxconn Is Thorough, Experts Say

By STEVEN GREENHOUSE
Despite weathering criticism from workers' advocates throughout the years, the Fair Labor Association received favorable reviews for its toughness on Foxconn.

Tracking Twitter, Raising Red Flags

By PETE THAMEL
Some universities are monitoring the activities of athletes on social media sites, raising privacy concerns.
SPORTS
Hawks 100, Knicks 90

Anthony Is Hurt Late and Knicks Fade Fast

By RAY GLIER
As Jeremy Lin continued to rest his sore left knee, Carmelo Anthony hurt his groin in the fourth quarter of the Knicks' loss to Atlanta on Friday night.

Backup to Starter to Phenomenon. Repeat.

By SAM BORDEN
The immense interest in Tim Tebow started when he was a home-schooled student who helped turned around his high school football team.

Saints Coach Files Appeal of Suspension; Decision Is Expected Soon

By JUDY BATTISTA
Sean Payton is scheduled to begin a one-year suspension Sunday for his role in the team's bounty system, but he will be allowed to keep working while the decision is being reached.
ARTS
Television Review | 'Great Expectations'

Another Feast for the Jilted Bride

By MIKE HALE
The next Masterpiece Classic entry on PBS, "Great Expectations," is a BBC production starring Gillian Anderson, as Miss Havisham, and Ray Winstone, as Magwitch.

2 Families Tangle Over Diamonds

By PATRICIA COHEN
The fate of the Aurora Pyramid of Hope, a rare collection of 295 naturally colored diamonds that has been exhibited in prestigious museums, is being decided in Surrogate's Court in the Bronx.
Video Game Review

Saving a Dynasty From Enemies Both Familiar and Not

By SETH SCHIESEL
In Crusader Kings II, players aim to build an enduring legacy through centuries of conquest and intrigue.
NEW YORK / REGION

New York State's 2012 Budget Sails Through Albany

By THOMAS KAPLAN
Passage of a $132.6 billion spending plan marked the first time since 1983 that the Legislature has approved a budget with more than a day to spare.
City Room

Arrest Made After Death of Woman Who Plummeted From 14th-Floor Balcony

By AL BAKER and DANIEL KRIEGER
Late Friday, the police said they had arrested Kenya Edmonds on charges of murder and manslaughter.

In Manhattan Pizza War, Price of Slice Keeps Dropping

By N. R. KLEINFIELD
In Midtown Manhattan, rival businesses have been cutting prices so low that the only people who seem to be profiting are their customers.
TRAVEL

Rockers At Sea

By JOE LEVY
Festivals on the waves give music fans a chance to lean on the rails with idols like Kid Rock and Weezer.

Studio Tour Casts Spells Just Like Harry

By SARAH LYALL
A mostly self-guided tour is now available at two vast Warner Bros. sound studios on the Leavesden Studios lot, about 20 miles northwest of London, where the Harry Potter movies were filmed.

36 Hours: Cologne, Germany

By EVAN RAIL
After crossing off bucket-list items like exploring the cathedral and crawling through legendary Kölsch pubs, focus on the city's new shops, restaurants and hotels.
EDITORIALS
Editorial

Big Oil's Bogus Campaign

As the industry spends heavily and blames President Obama for rising gas prices, Congress continues to refuse to end unnecessary tax breaks.
Editorial

Gov. Cuomo Budgets His Way

Gov. Andrew Cuomo is celebrating the on-time completion of a new state budget, but he broke a key campaign promise.
Editorial

Leading the World Bank

President Obama's nomination of Jim Yong Kim to head the World Bank is an inspired choice, but other candidates should be considered.
OP-ED
Op-Ed Columnist

Time to Elect the Worst Idea

By GAIL COLLINS
Get ready, people. A new-generation movement is ready to fill the most powerful job on the globe, "Project Runway"-style.
Op-Ed Columnist

Orwell and March Madness

By JOE NOCERA
Propaganda and hypocrisy reign this weekend at the Final Four. Who knew the whole thing was about great graduation rates?
Opinionator

Groucho Lives! (In Two Places)

By DICK CAVETT
An appreciation of the great comedian's manifest skill as a writer.
ON THIS DAY
On March 31, 1968, President Johnson stunned the country by announcing he would not run for another term of office.