News stories from Tuesday August 14, 1979
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- An unauthorized U.S.-P.L.O. meeting was held. Andrew Young, the American delegate to the United Nations, was reprimanded for meeting last month with the observer from the Palestine Liberation Organization and for giving a false account of it. The State Department, acknowledging that Mr. Young had acted in apparent violation of long-standing American policy, said that Secretary of State Cyrus Vance had expressed the administration's "displeasure" to Mr. Young over the incident, which caught Washington off guard.
Andrew Young acted on his own, he said, in meeting with a representative of the Palestine Liberation Organization. The American delegate to the U.N. said that the talk had been limited to seeking a delay of a Security Council debate on Palestinian rights that was considered ill-timed.
[New York Times] - President Carter was criticized by Attorney General Griffin Bell, who said that Mr. Carter had tended to "trivialize" the presidency by working personally on too many minor problems and by trying "to act like he wasn't President." But Mr. Bell, who is about to give up his post, made clear he was not turning against his old friend and said that the President had begun to revive his administration by concentrating on important issues. [New York Times]
- U.S. reports on the gasoline shortage will be reviewed to determine their adequacy, the White House said. A report by the Energy Department has been heatedly debated, with some critics contending that the department failed to conduct an independent investigation and to verify data submitted by the oil industry. [New York Times]
- Suspected homosexuals may enter this country under a temporary order issued by the Immigration and Naturalization Service that instructed its agents to halt a practice of barring such foreign visitors. The directive was issued in response to a legal impasse created when the Surgeon General ordered medical officers to stop examining and approving deportation of persons detained by the service on suspicion of homosexuality. [New York Times]
- Atlanta's soaring murder rate resulted in new patrols by 50 state troopers, soon to be joined by a "flying squad" of 50 Atlanta police officers. Mayor Maynard Jackson and his top aides attributed the city's problems to unremitting press coverage of 149 homicides this year rather than to bad law enforcement. [New York Times]
- Encouraging young people to vote is the aim of a new Michigan law that provides for deputizing high school principals as voter registrars. The measure was signed by Gov. William Milliken amid acclaim from its main backer, the N.A.A.C.P. [New York Times]
- At least 10 yachtsmen were drowned when roaring seas and gale-force winds struck more than 300 boats competing in the Fastnet race in the English Channel and the Irish Sea. Organizers of the race, one of the world's toughest, said that more than a dozen yachtsmen were still missing after a day of intensive rescue efforts. [New York Times]
- Iran barred demonstrations not authorized by the government as militant Moslem supporters of Ayatollah Khomeini and leftist opponents of the religious regime clashed in Teheran for the third day. [New York Times]
- Peace proposals for central Europe have been agreed upon by Washington and its NATO allies for negotiations with the Soviet bloc, Carter administration officials disclosed. The proposals call for a military inspection system and would require each side to notify the other of scheduled major military maneuvers. [New York Times]
- Britain pressed Rhodesian peace efforts in inviting the warring factions to come to London next month to discuss proposals for a new constitution for Zimbabwe Rhodesia. The suggested changes seek to lessen the power of the white minority provided by the present Constitution. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 876.71 (+1.45, +0.17%)
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 13, 1979 | 875.26 | 107.42 | 41.98 |
| August 10, 1979 | 867.06 | 106.40 | 36.74 |
| August 9, 1979 | 858.28 | 105.49 | 34.63 |
| August 8, 1979 | 863.14 | 105.98 | 44.97 |
| August 7, 1979 | 859.81 | 105.65 | 45.41 |
| August 6, 1979 | 848.55 | 104.30 | 27.19 |
| August 3, 1979 | 846.16 | 104.04 | 28.16 |
| August 2, 1979 | 847.95 | 104.10 | 37.73 |
| August 1, 1979 | 850.34 | 104.17 | 36.57 |
| July 31, 1979 | 846.42 | 103.81 | 34.38 |