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1970 and
* 1970 Newhall Incident: Four California Highway Patrol officers are killed in a shootout.
* 1970 Olaf Kölzig, African-German hockey player
* 1970 Roy Mayorga, American drummer ( Stone Sour, Soulfly, Amebix, Black President, and Nausea )
* 1970 Huang Xiaomin, Chinese swimmer
* 1970 Soviet submarine K-8, carrying four nuclear torpedoes, sinks in the Bay of Biscay four days after a fire on board.
* 1970 Sylvain Bouchard, Canadian speed skater
* 1908 Bjarni Benediktsson, Icelandic politician, Prime Minister of Iceland ( d. 1970 )
* 1899 Byron Foulger, American actor ( d. 1970 )
* 1970 Andy Bichel, Australian cricketer
* 1970 Peter Ebdon, English snooker player
* 1970 Mark Ilott, English cricketer
* 1970 Tony Kanal, English-American bass player, songwriter, and producer ( No Doubt )
* 1970 Jeff Kenna, Irish footballer
* 1970 Park Myeong-su, South Korean comedian and singer
* 1970 Jim Thome, American baseball player
* 1970 Karl Unterkircher, Italian mountaineer ( d. 2008 )
* 1891 William Slim, 1st Viscount Slim, English general, 13th Governor-General of Australia ( d. 1970 )
* 1904 Jean Dessès, Greek-Egyptian fashion designer ( d. 1970 )
* 1916 Richard Hofstadter, American historian ( d. 1970 )
* 1970 M. Night Shyamalan, Indian-American director, screenwriter, and producer
* 1970 Erwin Thijs, Belgian cyclist
* 1970 Rod Brind ' Amour, Canadian ice hockey player
* 1970 Christopher Cuomo, American journalist
* 1970 Thomas Lennon, American actor
* 1914 Luis Mariano, Spanish tenor ( d. 1970 )

1970 and Penn
On the NASDAQ the identifying fifth letter " Q " at the end of a stock symbol indicates the company is in bankruptcy ( formerly the " Q " was placed in front of the pre-existing stock symbol ; a celebrated example was Penn Central, whose symbol was originally " PC " and became " QPC " after the company filed Chapter 11 in 1970 ).
8½ inspired among others: Mickey One ( Arthur Penn, 1965 ), Alex in Wonderland ( Paul Mazursky, 1970 ), Beware of a Holy Whore ( Rainer Werner Fassbinder, 1971 ), Day for Night ( François Truffaut, 1973 ), All That Jazz ( Bob Fosse, 1979 ), Stardust Memories ( Woody Allen, 1980 ), Sogni d ' oro ( Nanni Moretti, 1981 ), Parad Planet ( Vadim Abdrashitov, 1984 ), La Pelicula del rey ( Carlos Sorin, 1986 ), Living in Oblivion ( Tom DiCillo, 1995 ), 8½ Women ( Peter Greenaway, 1999 ), Falling Down ( Joel Schumacher, 1993 ), along with the successful Broadway musical, Nine ( Maury Yeston and Arthur Kopit, 1982 ).
In 1970 the Penn Central Railroad had collapsed in what was then the largest bankruptcy in history, resulting in a huge taxpayer bailout in 1976.
The Railroad Revitalization and Regulatory Reform Act of 1976, often called the " 4R Act ," is a United States federal law that established the basic outlines of regulatory reform in the railroad industry and provided transitional operating funds following the 1970 bankruptcy of Penn Central Transportation Company.
Following the massive bankruptcy of the Penn Central in 1970, Congress created Amtrak to take over the failed company's intercity passenger train service, under the Rail Passenger Service Act.
After starting out as an assistant director on films by Arthur Penn and Otto Preminger, John Avildsen received his first success with the low budget feature Joe ( 1970 ) which received critical acclaim for star Peter Boyle and moderate box office business.
Meanwhile, in 1970, the former Anthracite Council ( Hazleton ) merged with the former Wyoming Valley Council ( Wilkes-Barre ) to form the Penn Mountains Council.
1970 also saw the merger of Blair-Bedford Area Council ( Altoona ), William Penn Council ( Indiana, PA ) and Admiral Robert E. Peary Council ( Johnstown, Pennsylvania ) into the current Penns Woods Council in Ebensburg.
The core group from Penn was joined in 1970 by students from other area colleges which, working together, organized scores of educational activities, scientific symposia and major mass media events in the Delaware Valley Region in and around Philadelphia.
William Penn Patrick, owner of Leadership Dynamics, invested in Mind Dynamics in 1970.
* June 21, 1970: Penn Central declares Chapter 7 bankruptcy.
A series of events including inflation, poor management, abnormally harsh weather and the withdrawal of a government-guaranteed $ 200-million operating loan forced the Penn Central to file for bankruptcy protection on June 21, 1970.
A series of events including inflation, poor management, abnormally-harsh weather conditions and the withdrawal of a government-guaranteed 200-million-dollar operating loan forced the Penn Central to file for bankruptcy protection on June 21, 1970.
* 1970 Penn Central files for bankruptcy protection on June 21, 1970.
Another financial crisis for the firm occurred in 1970, when the Penn Central Transportation Company went bankrupt with over $ 80 million in commercial paper outstanding, most of it issued by Goldman Sachs.
Nevertheless, on June 21, 1970 Penn Central declared bankruptcy, the largest private bankruptcy in the United States to that time.
Penn Central was bankrupt by 1970 and the New Haven corporate entity remained in existence throughout the 1970s as the Trustee of the Estate pursued just payment from Penn Central for the New Haven's assets.
However, the underlying financial weakness of both former railroads, combined with the fact that the ICC forced the chronically weak New Haven Railroad into the system, doomed the Penn Central, and bankruptcy was declared shortly a little over 2 years later, on June 21, 1970.
In doing so, however, it drew increasing criticism — notably, by name from Senator William Fulbright — and became increasingly marginalized from academia ; it became independent of Penn in 1970.
At the insistence of the ICC the New York, New Haven and Hartford Railroad was added to the merger in 1969 ; in 1970 the Penn Central declared bankruptcy, the largest bankruptcy in U. S. history until then.
In 1970 Congress created a government corporation, Amtrak, to take over operation of Penn Central passenger lines and selected inter-city passenger services from other private railroads, under the Rail Passenger Service Act.
Little Big Man is a 1970 American Western film directed by Arthur Penn and based on the 1964 comic novel by Thomas Berger.

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