News stories from Wednesday August 6, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Many Iranians were freed prematurely before their names and legal status could be verified, according to several American immigration officers who had interviewed the prisoners. Another immigration officer speculated that the Iranians had been released summarily because Washington feared that Teheran might retaliate against the American hostages.
No early release of American hostages in Iran is expected to result from Washington's freeing of the Iranians arrested in a pro-Khomeini demonstra-tion July 27, according to Carter administration officials.
[New York Times] - Edward Kennedy will break tradition by making a speech as part of Tuesday's debate on the economic planks of the platform at the Democratic convention. Not since 1896, when William Jennings Bryan made his "cross of gold" speech, has a potential presidential candidate made a major address to a Democratic convention before the nominating roll call. Senator Kennedy resisted appeals that he unequivocally pledge support for whoever is the party's nominee. [New York Times]
- The Carter drive has scored key gains against the "open"convention move-ment, according to interviews with delegates originally committed to the President. At issue is support of a proposed convention rule that would insure his renomination. [New York Times]
- Mr. Carter assailed Ronald Reagan, terming his proposed tax cuts "sugar-coated poison" and said that he would offer his own "economic renewal program" within a few weeks. Mr. Carter addressed the National Urban League in New York City a week before he expects to return as the Democratic presidential nominee. [New York Times]
- Black leaders expressed discontent over the presidential campaign. After hearing speeches by the four major candidates, many delegates to the conference of the National Urban League expressed doubt that support for any of the contenders presented a chance to improve the plight of blacks. [New York Times]
- A plethora of Democratic social events will surround the party's convention in New York City for more than a week. It will be a social season with political clout joining with celebrity status and money in determining the guest lists. What's happening at the seemingly numberless parties may reflect what's really happening behind the scenes at the convention. [New York Times]
- Compensation for radiation victims of the above-ground nuclear tests in Nevada in the 1950's and 1960's should be provided by the government, a House panel concluded. In a 68-page report, it said that Washington should take "compassionate" responsibility for the injuries and deaths of people living near the test site and it called for the passage of legislation providing for "prompt and adequate compensation" for them without long litigation to prove their claims. [New York Times]
- A new device to combat heart attacks was disclosed in a medical journal. It said that a team of doctors had successfully tested a small, battery-powered device that, when implanted in the body, counteracts cardiac arrest in patients who face a high risk of sudden death. [New York Times]
- A major hurricane struck Jamaica with 100-mile-an-hour winds and torrential rain and then roared past the Cayman Islands toward western Cuba and the Gulf of Mexico. The storm has taken at least 66 lives. [New York Times]
- A Zimbabwean minister was charged with murder in the slaying of a white farm manager. The official, Edgar Tekere, who is the Minister of Manpower, has emerged as the most radical member of the government of Prime Minister Robert Mugabe, which appeared to be facing a serious crisis in the politically sensitive case. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 938.23 (+8.45, +0.91%)
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* |
| August 5, 1980 | 929.78 | 120.74 | 45.51 |
| August 4, 1980 | 931.06 | 120.98 | 41.57 |
| August 1, 1980 | 931.48 | 121.21 | 46.43 |
| July 31, 1980 | 935.32 | 121.67 | 54.60 |
| July 30, 1980 | 936.18 | 122.23 | 58.06 |
| July 29, 1980 | 931.91 | 122.40 | 44.84 |
| July 28, 1980 | 925.43 | 121.43 | 35.33 |
| July 25, 1980 | 918.09 | 120.78 | 36.25 |
| July 24, 1980 | 926.11 | 121.79 | 42.42 |
| July 23, 1980 | 928.58 | 121.93 | 45.90 |