News stories from Monday December 11, 1978
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Israelis, many sobbing, filed past the coffin of former Prime Minister Golda Meir in the plaza outside the Parliament building in Jerusalem. As tens of thousands paid respects, Lillian Carter and a delegation of Americans arrived to attend the funeral tomorrow. [New York Times]
- Several million Iranians filled the streets of their country's cities and towns, demonstrating their opposition to the Shah as Shiite Moslems celebrated Ashura, the high point of their solemn month of mourning. The protests in most cities were relatively peaceful. [New York Times]
- A "reverse discrimination" case of major significance will be reviewed by the Supreme Court. The Justices agreed to consider the charge of a white worker that a training program designed to increase the number of blacks in skilled craft jobs discriminated against whites at a Kaiser Aluminum plant in Louisiana. [New York Times]
- Evidence of the murder of cultists at Jonestown has been found, according to Guyanese government sources. They said that at least 70 persons, mainly adults, had been given injections of cyanide instead of drinking it, as they were ordered to do on Nov. 18, the night of the mass suicides at the jungle commune. [New York Times]
- A "new town" in the coal fields of Virginia is planned by the Island Creek Coal Company, which said it would spend $25 million to construct a 1,600-family development on a mountain to help ease the critical housing shortage in Appalachia. The announcement was made one day before a presidential panel is to hold a hearing on labor-management relations that will take up housing grievances. [New York Times]
- Nine black leaders were more optimistic after a meeting with President Carter than a similar group was after a meeting with him last week. Mr. Carter, who had previously indicated that some social programs would have to be sacrificed in the fight against inflation, told the black leaders that the budget issue was still under discussion with his advisers. [New York Times]
- Deterrence of assassinations of Presidents and other national figures is an aim of the F.B.I. in a review of its relations with the Secret Service, William Webster, the bureau director, told a House committee. The panel is reviewing plans to deal with or prevent the slaying of public figures. [New York Times]
- Christmas trees cost more this year, up about 10 percent over last year. Growers say there are fewer trees available for market and the demand for them is greater. In addition, growers and retailers say there is a greater percentage this year of higher quality spruce and firs, which take longer to grow and cost more to produce than balsam. [New York Times]
- The biggest airport robbery in this country, according to the police, was carried out at Kennedy Airport with meticulous planning and precision. Seven masked men, wielding shotguns and automatic pistols, drove to a Lufthansa cargo facility, handcuffed nine employees and beat another, disconnected an alarm system and escaped with $3 million in cash and jewelry worth possibly $2 million. [New York Times]
- "Good progress" in negotiations on a peace treaty between Egypt and Israel was reported by Secretary of State Vance after he conferred with President Sadat. Mr. Vance flew to Israel and planned to return to Egypt to try to resolve remaining obstacles to a pact. [New York Times]
- Rhodesian planes raided Mozambique again and destroyed several guerrilla weapons depots, Salisbury announced. It gave few details, but the Mozambique radio said that 26 persons had been killed and 73 wounded and that the casualties included civilians. [New York Times]
- South African Prime Minister P. W. Botha said that "gossip mongering" would be curbed by legislation next year that would force "people or parties," including newspapers, to disclose their sources of information to the courts. The government's credibility has been hurt by an influence-buying scandal uncovered largely by the anti-apartheid press. [New York Times]
- Peking has apparently rehabilitated another former leader. He is Peng Teh-huai, who commanded China's forces in the Korean War and was one of Peking's greatest military figures before he was purged in 1959. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 817.65 (+5.80, +0.71%)
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 8, 1978 | 811.85 | 96.63 | 18.56 |
| December 7, 1978 | 816.09 | 97.08 | 21.18 |
| December 6, 1978 | 821.90 | 97.49 | 29.68 |
| December 5, 1978 | 820.51 | 97.44 | 25.66 |
| December 4, 1978 | 806.83 | 96.15 | 22.02 |
| December 1, 1978 | 811.50 | 96.28 | 26.83 |
| November 30, 1978 | 799.03 | 94.70 | 19.90 |
| November 29, 1978 | 790.11 | 93.75 | 21.16 |
| November 28, 1978 | 804.14 | 95.15 | 22.74 |
| November 27, 1978 | 813.84 | 95.99 | 19.79 |