This Day In 1970's History: Monday July 11, 1977
- Broad changes in labor laws will be called for by President Carter in a message to Congress this week to make it easier and quicker for unions to organize and to recruit new members, administration and labor officials said. The message is apparently intended in part to regain for the administration the labor support that has eroded steadily since President Carter took office. [New York Times]
- The House ethics committee's chairman has been criticized by the committee's special counsel for going too slowly in conducting the inquiry into alleged influence buying in Washington by South Korea, congressional officials said. The counsel, Philip Lacovara, sent a confidential memo to other committee members saying that Representative John Flynt, the committee chairman, had failed to carry forward a timely investigation and he urged efforts to overcome what he described as "shortcomings." The memo was said to reflect a series of disagreements between the two men in recent weeks. [New York Times]
- Guided by indications of a slower economic growth rate later this year -- provided by equity and commodity prices -- stock market investors in a bearish mood switched from industrial issues to some of the growth and glamour shares. The bearishness affected the Dow Jones industrial average, which fell 2.46 points to 905.53. Other indicators were also off. The New York Stock Exchange's composite index declined 0.16 point and Standard & Poor's average of 500 shares eased 0.24. During the session, 790 issues fell and 649 gained. [New York Times]
- Attacks are being made in Congress and the aerospace industry on the administration's decision to sell $1.2 billion in highly complex airborne radar systems to Iran, There are charges that the Defense Department blocked all competition and failed to offer the Shah of Iran a less expensive alternative. Critics also say that the proposed sale goes against President Carter's policy of limiting the sales of weapons abroad. [New York Times]
- Dr. Veniamin Levich, a Soviet Jewish scientist who has been denied permission to emigrate, said in Moscow that it was a bad sign for the future that he had also been kept from an international conference on physical chemistry now being held in his honor in Oxford, England. He asked all Western intellectuals to take up his and similar cases with Soviet representatives at every opportunity. [New York Times]
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