News stories from Tuesday September 18, 1979
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A gasoline rationing bill gained as Senate and House conferees reached basic agreement on the main hurdle -- deciding how the President and Congress should share responsibility for any standby plan. After a few details have been resolved, a compromise bill will go to both chambers. [New York Times]
- Two Chrysler Corporation cars are the only 1980 American models among the top 10 in fuel economy, the Environmental Protection Agency announced. The two are the Dodge Colt and the Plymouth Champ. Both are built in Japan. Two models of the diesel powered Volkswagen Rabbit head the agency's gasoline economy list for the second successive year. [New York Times]
- The President will seek another term but has not decided when to announce his candidacy, Jody Powell, the White House press secretary made clear. Earlier, a group of key Democratic supporters urged that Mr. Carter declare his candidacy earlier than planned to help stem endorsements for Senator Edward Kennedy. [New York Times]
- Higher military spending was voted by the Senate, which approved an increase of nearly $40 billion over the next three years. The decision, largely symbolic, could aid prospects for passage of the proposed strategic arms treaty even though President Carter had objected to such a large increase. [New York Times]
- Homosexuals cannot be ordained if they are sexually active, according to a resolution approved overwhelmingly by the House of Deputies of the Episcopal Church. The resolution, also passed by the House of Bishops, holds that homosexuals should be accepted into the church. [New York Times]
- The damage to a DC-9 when the airliner lost the rear 20 feet of its fuselage Monday was potentially much more hazardous than had been thought, safety experts agreed. Investigators at Boston's Logan International Airport, where the Air Canada jet made a safe emergency landing, were reported to have found that the damage affected control of the plane. [New York Times]
- Missing highly enriched uranium led the government to order the closing for at least 45 days of a privately-owned factory that makes fuel for the Navy's nuclear submarines. In a recent inventory the Tennessee factory could not account for a significant amount of the uranium, which could be fashioned into an atomic bomb. [New York Times]
- The Soviet ballet couple granted asylum in the United States on Monday defected to gain personal and artistic freedom and the woman also sought religious freedom, according to American officials. They said that Leonid and Valentina Kozlov were being guarded by security agents. [New York Times]
- A respite from papal pageantry will mark the visit of Pope John Paul II to the United States next month. He is to visit a tiny church 15 miles south of Des Moines. During his four-hour visit to rural America, he is to spend about 20 minutes with all 204 parishoners in the church built in Cumming, Iowa, by Irish settlers in 1868.
Pope John Paul II will visit Harlem and the South Bronx briefly during his stay in New York City next month, according to the Vatican.
[New York Times] - A Kennedy-for-President movement was announced by James Dugan, a former New Jersey Democratic chairman. He said the group, called the New Jersey Democratic Alternative, would initially raise funds for a campaign for Senator Edward Kennedy in Florida and New Hampshire. [New York Times]
- The U.S. criticized Israel for deciding to allow its citizens to buy land from Arabs in the occupied West Bank of the Jordan, terming the step apparently "contrary to the spirit and the intent of the peace process." Israel decided Sunday to reverse a 12-year ban on such purchases.
Tensions between Israel and the U.S. over Israel's bombing raids in southern Lebanon erupted into sharp debate between Defense Minister Ezer Weizman and Harold Saunders, the State Department's top Mideast official. They argued for more than an hour in full view of other guests at the home of Ambassador Ephraim Evron.
[New York Times] - An independent Palestinian state, with the Palestine Liberation Organization taking part in the negotiations, was urged strongly at the opening of the 34th annual session of the United Nations General Assembly. The plea was made by Salim Salim of Tanzania, who had been chosen president of the assembly by acclamation. [New York Times]
- Added U.S. military units near Cuba could result from an unsatisfactory resolution of the dispute with Moscow over the presence of Soviet combat troops on the island, according to American officials. They said such a deployment was one of several policy options being developed. [New York Times]
- Violence in Afghanistan accompanied the power shift there, according to a new report. The former President who was replaced on Sunday reportedly died today of wounds received in a gun battle. The report came from the Pakistan radio. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 874.15 (-7.16, -0.81%)
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* |
| September 17, 1979 | 881.31 | 108.84 | 37.61 |
| September 14, 1979 | 879.10 | 108.76 | 42.01 |
| September 13, 1979 | 870.73 | 107.85 | 35.24 |
| September 12, 1979 | 870.90 | 107.82 | 39.35 |
| September 11, 1979 | 869.71 | 107.51 | 42.54 |
| September 10, 1979 | 876.88 | 108.17 | 33.00 |
| September 7, 1979 | 874.15 | 107.66 | 34.37 |
| September 6, 1979 | 867.32 | 106.85 | 30.36 |
| September 5, 1979 | 866.13 | 106.40 | 41.65 |
| September 4, 1979 | 872.61 | 107.44 | 33.35 |