News stories from Monday December 29, 1975
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Responding to pleas by the Postal Service that an increase was needed to offset growing deficits, the United States Court of Appeals in Washington lifted a lower court injunction and allowed a postal rate increase, including a three-cent rise on first-class mail to 13 cents. The Postal Service announced that the new rate became effective at 12:01 A.M. today, and a first-class letter with insufficient postage postmarked after that time could be returned to the sender. [New York Times]
- The Ford administration was said to be considering a consolidation of the nation's health service programs into one $10 billion health revenue sharing system that would include Medicaid and 16 other programs, such as neighborhood health centers, migrant health care, community mental health centers, rat control, childhood immunization and the new health planning network. Medicare, the health insurance plan for the elderly, would not be affected. [New York Times]
- A powerful explosion, apparently caused by a bomb, killed at least 14 people and injured 70 in a crowded baggage claim area in the main terminal at La Guardia Airport in New York City. The airport was shut down after the explosion at 6:33 P.M. in the area apparently used jointly by Delta and Trans World Airlines. Many arriving planes were returned to points of origin in Philadelphia, Boston and Washington, and others were diverted to Kennedy International and Newark International Airports. [New York Times]
- The British movement for women's rights made big advances today when two women's rights laws became effective. One would assure the same pay to women who have the same jobs as men, and the other would bar sex discrimination in employment, advertising and other situations where British men have had a preferred status. Two women prominent in the Labor government were the prime backers of the legislation, which was years in preparation. They are Dr. Shirley Summerskill, member of Parliament and Under Secretary of State in the Home Office, and Barbara Castle, Minister of Social Services. [New York Times]
- Prime Minister Indira Gandhi's political position appears to have been strengthened by two moves taken by leaders of the Indian government, who announced that they would use their emergency powers to postpone for a year the parliamentary elections that were to have been held early in 1976, and that they propose to extend the six-month-old state of emergency until "the dangers of internal and external subversion have been fully surmounted." The announcement was made at a meeting of the Congress Party. [New York Times]
- Roberto Quieto, one of Argentina's most-wanted guerrilla leaders, reportedly was arrested at a beach near Buenos Aires by men who identified themselves as federal police officers. He was believed by the police to be the strategist behind much violence attributed to left-wing Peronist guerrillas. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 856.66 (-3.15, -0.37%)
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* |
| December 26, 1975 | 859.81 | 90.25 | 10.02 |
| December 24, 1975 | 851.94 | 89.46 | 11.15 |
| December 23, 1975 | 843.75 | 88.73 | 17.75 |
| December 22, 1975 | 838.63 | 88.14 | 15.34 |
| December 19, 1975 | 844.38 | 88.80 | 17.72 |
| December 18, 1975 | 852.09 | 89.43 | 18.04 |
| December 17, 1975 | 846.27 | 89.15 | 16.56 |
| December 16, 1975 | 844.30 | 88.93 | 18.35 |
| December 15, 1975 | 836.59 | 88.09 | 13.96 |
| December 12, 1975 | 832.81 | 87.83 | 13.10 |