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Thursday December 4, 1980
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This Day In 1970's History: Thursday December 4, 1980
  • The United States has asked Iran, through the Algerian intermediaries, to speed the talks for the release of the American hostages, according to a Carter administration official. He said that Washington sought to avoid new delays if the crisis is not resolved by the time the Reagan administration takes office on Jan. 20. [New York Times]

  • A flash fire killed 26 persons and injured dozens in a Westchester County hotel 10 miles north of New York City. It was the worst blaze in the county's history and the nation's second major hotel fire in two weeks. The fire occurred at Stouffer's Inn as several meetings of corporate executives were underway. Most of the dead were executives. [New York Times]

  • Citizenship for illegal aliens was urged in a 400-page report by the staff of a federal commission. The report also recommended stiff new measures designed to reduce future illegal immigration, including the issuing of work permits to all Americans and laws forbidding the employment of anyone lacking such a permit. [New York Times]

  • An increasingly tight credit squeeze was signaled by the Federal Reserve Board, which increased to 13 percent from 12 percent the basic interest rate it charges for loans to financial institutions. The move was expected to further weaken housing construction and sales and automobile sales and bring about a renewal of this year's recession. [New York Times]

  • Two rights issues jeopardized plans for congressional adjournment tomorrow. President Carter said he would veto a crucial government appropriation because the bill would bar the Justice Department from intervening in lawsuits involving busing to desegregate schools. Meanwhile, Senate Democrats agreed to remain in session until a vote is taken on a measure to curb housing discrimination. [New York Times]
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