News stories from Wednesday April 18, 1979

Summaries of the stories the major media outlets considered to be of particular importance on this date:

Lee Marvin was ordered to pay $104,000 "for rehabilitation purposes" to Michelle Triola Marvin, the singer with whom the actor lived out of wedlock for six years. At the same time, a judge rejected her contention that she was entitled to half of the $3.6 million the actor earned while they lived together and her contention that she deserved a property settlement comparable to that due a divorced wife. [New York Times] Federal agents may break into and enter premises to install otherwise legal electronic bugging equipment, under a unanimous decision by the Supreme Court. The tribunal also ruled, 6 to 3, that Congress implicitly gave federal and state courts the power to authorize such "covert entries" when it enacted procedures for electronic surveillance in the Omnibus Crime Control Act of 1968. [New York Times] Reporters can be required to disclose opinions they held while preparing material and their reasons for making specific editorial judgments in defending their work against a libel suit, under a 6 to 3 ruling by the Supreme Court. The majority opinion said that a court could not require a libel plaintiff to prove malice and then "erect an impenetrable barrier" to such proof.Concern over freedom of the press was expressed by editors and news executives around the nation after the Supreme Court approved inquiry into "the state of mind" of reporters, editors or producers at the time they were preparing material. [New York Times] New England has more earthquakes, after California, than anywhere else in the contiguous United States, although no deaths have been attributed to them. But concern rose after a quake centered just north of Bath, Me., rattled windows for 200 miles around. The area is inhabited by nine million people and includes Boston and nuclear plants in Wiscasset, Me., and Plymouth, Mass., and a plant under construction in Seabrook, N.H. [New York Times] A major anti-nuclear protest is planned by a group of more than 90 diverse organizations and public figures, whose leaders said the demonstrators would march on Washington May 6 to denounce national policies that encourage nuclear power. [New York Times] An air crash killed three persons and injured a dozen of the 15 survivors, four of them critically. The crippled New York Airways helicopter slammed down on the main runway at Newark International Airport while attempting an emergency landing. The craft had just taken off for La Guardia Airport, but tried to turn back as the pilot radioed the Newark tower that he had a "control problem." [New York Times] An arms accord is advancing, according to administration officials, who said that Secretary of State Vance and Ambassador Dobrynin of the Soviet Union had eliminated virtually all the major problems blocking the conclusion of a new strategic weapons limitation pact, and stated that other issues would be settled in technical talks by negotiators in Geneva or between President Carter and Leonid Brezhnev, the Soviet leader. [New York Times] Rising political divisions in Iran led to a meeting between Ayatollah Taleghani, the religious leader of Teheran, and Ayatollah Khomeini. The present unrest started with the brief arrests of members of Ayatollah Taleghani's family by militiamen representing the Islamic leader. The arrests triggered days of protests that rose to chaotic conditions in the capital, where streets were clogged by demonstrations and counter-demonstrations. [New York Times] An offensive to seize all of Uganda was begun by Tanzanian troops, who marched out of the capital of Kampala. Their drive to the east will open up the 120-mile road between Kampala and the Kenyan border, which is Uganda's economic lifeline. [New York Times] The arrest of the top aide to Idi Amin was confirmed by a high police official in Kenya, who said that Robert Astles, the British-born confidant of the deposed Ugandan leader, was in custody and being interrogated. [New York Times] The United Nations could be destroyed unless Congress removes curbs it imposed last year on American contributions to the budget, Secretary General Kurt Waldheim warned. Over the years, 18 governments have refused to pay for specific projects, but the United States is the first to attach conditions to the way in which its entire contribution is to be spent. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 860.27 (+2.34, +0.27%)
S&P Composite: 101.70 (+0.46, +0.45%)
Arms Index: 0.72

	Issues	Volume*
Advances	928	18.35
Declines	499	7.08
Unchanged	473	4.08
Total Volume		29.51

* in millions of shares

Arms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish.

Market Index Trends
Date	DJIA	S&P	Volume*
April 17, 1979	857.93	101.24	29.27
April 16, 1979	860.45	101.12	28.05
April 12, 1979	870.50	102.00	26.78
April 11, 1979	871.71	102.31	32.87
April 10, 1979	878.72	103.34	31.90
April 9, 1979	873.70	102.87	27.30
April 6, 1979	875.69	103.18	34.72
April 5, 1979	877.60	103.26	34.54
April 4, 1979	869.80	102.65	41.94
April 3, 1979	868.33	102.40	33.53