News stories from Monday January 14, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Moscow was overwhelmingly rebuked in the United Nations General Assembly for its military intervention in Afghanistan. By a vote of 104 to 18, the Assembly "strongly deplored" the assault and called for "the immediate, unconditional and total withdrawal" of the troops. Eighteen countries abstained and 12 were absent. Until recently, third world nations have habitually backed the Soviet Union strongly.
Soviet troops now have a low profile in southern Afghanistan after withdrawing from the towns to encampments in the countryside. The region remains tense, and Afghans speak of the Russians in tones of fear and hatred and express concern that they will remain in the country for some time.
[New York Times] - Iran is ousting all American reporters, the Revolutionary Council announced. The expulsion follows official expressions of dissatisfaction with Western news coverage of the 72-day crisis over the American hostages in Teheran, of ethnic unrest and Iran's other political and economic problems.
Washington denounced Moscow again for its veto in the United Nations Security Council of a resolution to impose economic sanctions against Iran. The United States said that it would proceed, with its allies, to impose sanctions on the export to Iran of any goods except food and medicine.
[New York Times] - Lung cancer among women is rising sharply and in three years it will surpass breast cancer to become the leading cancer killer of women, the Surgeon General said. In a 400-page report to Congress, he said that women are just as susceptible as men to the hazards of cigarette smoking. [New York Times]
- Immigration abuses by individuals who profit from the complicated structure of the Immigration and Naturalization Service are widespread. An investigation by The New York Times has found that many of the high-priced lawyers, private consultants and travel agents who lead bewildered immigrants through the maze of federal procedures are incompetent, unethical and criminally corrupt. [New York Times]
- Bert Lance lost a new appeal for delay of his trial on bank fraud and conspiracy charges. Two federal judges denied the defense motions as jury selection began in the trial of the former federal Budget Director and three of his associates. [New York Times]
- An accord on a C.I.A. "charter" between the White House and the Senate Intelligence Committee is approaching, according to a key member of the committee. Walter Huddleston, a Kentucky Democrat, said the charter would codify restraints on the agency, but give it "more flexibility" by relaxing some present curbs. But he said there was strong sentiment in the House to "un-handcuff" the agency without creating new rules. [New York Times]
- Senator Edward Kennedy charged that American foreign policy was "out of control" and that United States prestige had ebbed to its lowest point in decades. Mr. Kennedy, appearing in a paid television broadcast, urged Iowans to reject President Carter in next Monday's caucuses. [New York Times]
- The death penalty would be restored for some first-degree murders under bills approved by the New York state legislature. The Senate voted 41 to 16 for the legislation, one vote more than the two-thirds needed to override Governor Carey's expected veto. The Assembly vote was 93 to 54, or seven votes short of two-thirds. [New York Times]
- Some officials in Seoul were wary of a proposal by North Korea for new political talks. The officials termed the bid an attempt to divide public opinion, increase political unrest and isolate South Korea from the United States and other key allies. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 863.57 (+5.04, +0.59%)
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* |
| January 11, 1980 | 858.53 | 109.92 | 52.89 |
| January 10, 1980 | 858.96 | 109.89 | 55.98 |
| January 9, 1980 | 850.09 | 109.05 | 65.24 |
| January 8, 1980 | 851.71 | 108.95 | 53.38 |
| January 7, 1980 | 832.00 | 106.81 | 44.50 |
| January 4, 1980 | 828.84 | 106.52 | 39.16 |
| January 3, 1980 | 820.31 | 105.22 | 50.47 |
| January 2, 1980 | 824.57 | 105.76 | 40.61 |
| December 31, 1979 | 838.74 | 107.94 | 31.53 |
| December 28, 1979 | 838.91 | 107.84 | 34.42 |