News stories from Monday November 10, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Senate Democratic leaders met with President Ford in an attempt to muster a "cooperative" effort for the $4 billion loan-guarantee bill proposed for New York City, and said afterward that they had the votes needed to break any Senate filibuster against the bill. L. William Seidman, one of Mr. Ford's chief economic advisers, who was also at the meeting, said afterward that "the President said that if he had that proposition on his desk today, he would veto it." [New York Times]
- Judge Robert Muir Jr. of New Jersey's Superior Court refused to authorize the removal of the respirator that is sustaining the life of 21-year-old Karen Anne Quinlan, who has been in a coma for nearly seven months in a Denville, N.J., hospital. The removal had been requested by her parents. "There is a duty to continue the life-assisting apparatus if, within the treating physicians' opinion, it should be done," Judge Muir said. "The single most important quality Karen Anne Quinlan has is life," Judge Muir said. "This Court will not authorize that life to be taken away from her." [New York Times]
- Most of the Justices of the Supreme Court expressed concern that some aspects of the new federal campaign financing laws might impinge on rights guaranteed by the First and Fifth Amendments. In an unusual four and a half-hour session of arguments before a packed courtroom, eight of the nine Justices -- all but the ailing William O. Douglas, who attended only part of the session -- carefully questioned the lawyers arguing before them. The concern evident in much of the questioning indicated that the Court might strike down some of the law's provisions. [New York Times]
- The United Nations General Assembly approved tonight an Arab-inspired resolution that classified Zionism as "a form of racism and racial discrimination." The vote was 72 to 35 with 32 abstentions. Three delegations were absent. The chief American delegate, Daniel Patrick Moynihan, excoriated the vote. [New York Times]
- The Portuguese in Angola took down their flag, leaving their first, and last, colony in Africa to the Angolan people, who are fighting a civil war. The departing Portuguese High Commissioner, Adm. Leonel Cardoso, lowered the green and red standard -- symbol of Portugal's authority since 1485 -- at Fort Sao Miguel in Luganda. [New York Times]
- At a news conference in Washington, Secretary of State Henry Kissinger expressed annoyance with the Soviet Union for rejecting the latest American arms control proposals without apparently offering any kind of "reasoned response." The proposals, submitted in late September, put a ceiling of 2,400 on each nation's missiles and bombers. Mr. Kissinger also acknowledged that he had some "differences" with former Secretary of Defense James Schlesinger over approaches to the arms limitation talks, but he took pains to emphasize that the problems in reaching an accord at this time were more the result of the Soviet positions than of disputes in Washington. [New York Times]
- Australia's Governor General, in an action unprecedented in Australia's 75-year history as a federation, dismissed Prime Minister Gough Whitlam and ordered the leader of the Opposition to form a caretaker government. However it was not immediately clear whether Mr. Whitlam would accept the Governor General's action. Events were moving so rapidly that it was not clear who was Prime Minister, Mr. Whitlam or Malcolm Fraser, the leader of the Opposition. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 835.48 (-0.32, -0.04%)
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* |
| November 7, 1975 | 835.80 | 89.33 | 15.93 |
| November 6, 1975 | 840.92 | 89.55 | 18.60 |
| November 5, 1975 | 836.27 | 89.15 | 17.39 |
| November 4, 1975 | 830.13 | 88.51 | 11.57 |
| November 3, 1975 | 825.72 | 88.09 | 11.40 |
| October 31, 1975 | 836.04 | 89.04 | 12.91 |
| October 30, 1975 | 839.42 | 89.31 | 15.08 |
| October 29, 1975 | 838.63 | 89.39 | 16.11 |
| October 28, 1975 | 851.46 | 90.51 | 17.06 |
| October 27, 1975 | 838.48 | 89.73 | 13.10 |