News stories from Wednesday November 22, 1978
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- How many cultists survived the mass suicide of 409 Americans at their jungle camp in Guyana became an increasing mystery as a newly arrived United States military mission said its main purpose was to recover the bodies of the dead. "As far as I know," the mission's deputy commander said, "we have no positive evidence that there even are any people out there in the jungle." [New York Times]
- A women's group snubbed President Carter. The group canceled a scheduled meeting with him, protesting that the 15-minute period he had allotted for discussing the impact on women of his anti-inflation policy and proposed budget cutbacks of social programs was too short for substantive talks. Mr. Carter later sought to make amends by telephoning Bella Abzug and Carmen Votaw, co-leaders of the group, and promising a meeting of 30 to 60 minutes, Mrs. Abzug said. [New York Times]
- Blacks and Hispanics backed Democrats heavily in congressional elections this month and shared traditionally liberal economic positions, but Hispanics were more conservative on some key social issues, a major poll showed.
Midwest Republicans are jubilant over their Election Day revival across most of the old Republican heartland. They concentrated their efforts on state legislative and gubernatorial races with an eye on the mandatory redistricting after the 1980 Census. Bill Brock, the party's national chairman, said, "The Republican Party is back in a big way in the Midwest."
[New York Times] - Eight million begin school hungry or poorly fed, despite a federally subsidized program offering nutritional breakfasts to any public or non-profit school at little or no cost, according to a study. The 10-state study showed that only 20 percent of the nation's schools participate in the program, while 92 percent take part in the National School Lunch Program. [New York Times]
- Hertz and Avis face $2 million in bills from the city of Chicago for about 200,000 unpaid parking tickets. The tickets have been unpaid since 1967, when the two car rental companies challenged a city ordinance holding the owner responsible for them. The Supreme Court refused to hear an appeal of a lower court ruling against the two companies, thus letting the Chicago ordinance stand. [New York Times]
- Speeding Cuban refugees' entry into the United States was pledged by Washington after President Fidel Castro announced his willingness to release 3,000 prisoners at a rate of at least 400 a month and permit them to leave Cuba. Some leaders of the Cuban exile community in this country continued to criticize the process under which Attorney General Griffin Bell personally approves all Cuban immigrants, case by case. [New York Times]
- President Carter criticized his intelligence agencies' performance in forecasting foreign political crises in a handwritten memo to his top national security advisers. Administration officials said that the main impetus behind the memo was the apparent failure of the C.I.A. to foresee the widespread unrest in Iran. [New York Times]
- About 200 Vietnamese drowned when the fishing boat on which they had escaped capsized after it was towed from the east coast of Malaysia by the police. More than 50 of the refugees on board survived. [New York Times]
- Egypt assured the United States that it would continue its treaty negotiations with Israel, despite Israel's rejection of Egypt's demand to link the pact to a timetable for solving key Palestinian issues. Washington officials said that President Sadat had given the assurance to President Carter in a 10-minute telephone conversation. [New York Times]
- The Ugandan invasion of Tanzania was as ruthless as the Tanzanians had reported, Western correspondents found. In seizing a 700-square mile strip in the Kagera salient late last month and holding it for two weeks, Ugandan troops wrought wide destruction, demolishing churches and homes, looting stores and burning sugar cane. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 807.00 (+2.95, +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* |
| November 21, 1978 | 804.05 | 95.01 | 20.76 |
| November 20, 1978 | 805.61 | 95.25 | 24.44 |
| November 17, 1978 | 797.73 | 94.42 | 25.17 |
| November 16, 1978 | 794.18 | 93.71 | 21.34 |
| November 15, 1978 | 785.60 | 92.71 | 26.28 |
| November 14, 1978 | 785.26 | 92.49 | 30.62 |
| November 13, 1978 | 792.01 | 93.13 | 20.96 |
| November 10, 1978 | 807.09 | 94.77 | 16.75 |
| November 9, 1978 | 803.97 | 94.42 | 23.33 |
| November 8, 1978 | 807.61 | 94.45 | 23.56 |