News stories from Monday July 30, 1979
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Carter cited a new vigor as a result of the intensive talks he held at Camp David early this month and the "favorable" response he had received from his July 15 address on energy. Speaking to a group of the Camp David participants invited to the White House, he said that the talks had restored his "determination, self-assurance, confidence and will" as President and that he felt he had changed as a President and a person. [New York Times]
- Gov. Jerry Brown acted formally to challenge President Carter for the 1980 Democratic presidential nomination in notifying the Federal Elections Commission that he had formed an "exploratory" campaign committee. The California Governor thus became eligible to seek contributions for a campaign. [New York Times]
- President Carter gained labor support from officers of six large unions in the national labor federation. The leaders announced the formation of a Carter for President Committee. [New York Times]
- Bones of the biggest dinosaur ever found have been discovered in an ancient dry river bed in Colorado. Skeletal parts of the creature show it was about 50 to 60 feet tall, had a 90-foot long neck, was about 80 feet long and probably weighed 80 tons. A paleontologist who made the discovery believes the animal may have been the largest that ever walked the earth. [New York Times]
- Herbert Marcuse, the philosopher, died at the age of 81 while visiting West Germany. Mr. Marcuse had been a guiding figure to many social activists of the 1960's because of his radical Marxist critique of capitalism. [New York Times]
- Charles Duncan was approved 16 to 0 by a Senate committee to replace James Schlesinger as Secretary of Energy. Mr. Duncan was expected to be confirmed by the Senate before the end of this week. [New York Times]
- Daniel Minchew pleaded guilty to submitting a false $2,289 expense account to the Senate. The plea resulted from bargaining between the lawyer for the former aide to Senator Herman Talmadge and government lawyers, who said that Mr. Minchew had acknowledged other wrongdoing. [New York Times]
- Residence rules were broadened by the New Jersey Supreme Court, which declared unconstitutional zoning ordinances that limit the number of unrelated persons who may share a single housing unit. In a 5 to 2 decision, the state's highest tribunal said that regulations based on biological or legal relationships "in many cases do not reflect the real world." [New York Times]
- Increased support for the arms treaty was apparently sought by Secretary of State Vance, who said it was "essential" to uphold a 1977 administration pledge to the Atlantic alliance to raise military spending by 3 percent a year. His statement seemed to be directed to advocates of increased spending and to indicate that the administration would agree to compensate for rising inflation by commensurate rises in the military budget. [New York Times]
- More terrorism in Spain was threatened as a Basque separatist group warned that it had placed bombs in all tourist areas and that they would be exploded if its demand for the transfer of political prisoners was not met. The group took responsibility for bombings Sunday that killed five people and injured more than 100. [New York Times]
- A debate on Palestinian Arab rights was postponed abruptly in the U.N. Security Council amid indications that the Carter administration sought more time for a policy assessment. Support has been rising for a resolution upholding Palestinian rights "to self-determination and national independence." The tentative wording is markedly milder than previous demands. [New York Times]
- India's new regime faced problems as 10 additional cabinet members were sworn in. With no new parliamentary allies in prospect, the government requires the sustained backing of two antagonistic groups. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 838.74 (-1.02, -0.12%)
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* |
| July 27, 1979 | 839.76 | 103.10 | 27.77 |
| July 26, 1979 | 839.76 | 103.10 | 32.28 |
| July 25, 1979 | 839.51 | 103.08 | 34.89 |
| July 24, 1979 | 829.78 | 101.97 | 29.69 |
| July 23, 1979 | 825.51 | 101.59 | 26.86 |
| July 20, 1979 | 828.07 | 101.82 | 26.37 |
| July 19, 1979 | 827.30 | 101.61 | 26.78 |
| July 18, 1979 | 828.58 | 101.69 | 35.95 |
| July 17, 1979 | 828.50 | 101.83 | 34.27 |
| July 16, 1979 | 834.90 | 102.74 | 26.62 |