News stories from Tuesday January 22, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A crackdown on Soviet dissidence was signaled as the Kremlin arrested Andrei Sakharov, the physicist and human rights champion, revoked all his Soviet awards and flew him from Moscow. Relatives said he had been told he was being sent to Gorky, about 250 miles east of Moscow, and could take his wife. The action indicated a markedly tougher line in Soviet policy, possibly reflecting power shifts among the aging leaders of the Communist Party.
The arrest of Sakharov occurred while he was being driven to a seminar of the Soviet Academy of Sciences. The leading dissident was told by a prosecutor that because of his "subversive activities" he was being banished to an area where he could no longer be in contact with foreign correspondents or any foreigners.
[New York Times] - American aid will be offered to Iran if the American hostages are freed unharmed, according to administration officials. They said that the White House, in a major shift, would offer military and economic ties because of concern that Moscow might try to intervene in Iran after its military incursion into Afghanistan.
Soviet monitoring of oil shipping is being carried out by a Soviet Navy ship anchored since Nov. 25 in the middle of the main lane at the eastern end of the Strait of Hormuz. Half the world's oil supplies are carried through this lane from the Persian Gulf to the Arabian sea at the rate of a tanker every 21 minutes. The Soviet ship bristles with aerials and is believed to be listening to radio communications.
[New York Times] - Tightened Soviet grip on Afghanistan was reported by officials in Washington and other NATO capitals. They said that the Soviet troops now controlled all major cities and towns and that 4,000 Russian administrators, including many security officers, had been flown to Afghanistan to direct a government reorganization.
In shaping a Southwest Asian strategy to deal with Soviet moves, the United States is trying again to provide a defense umbrella for a region where conflicts have frustrated American efforts for military cooperation for 30 years. Instead of a formal alliance, the administration is seeking a flexible network of security ties with several pivotal countries.
[New York Times] - George Bush stunned Ronald Reagan in the Iowa precinct caucuses Monday with a personal and organizational victory that changed the shape of the Republican presidential campaign, making it more of a two-man contest. President Carter's victory over Senator Edward Kennedy by a 2-to-1 margin led the Democratic challenger to decide to campaign almost exclusively in New England for the next month to avoid further setbacks.
Bush was exultant after his upset victory over Reagan in the Iowa precinct caucuses. Mr. Bush flew back to New Hampshire to press his campaign in the nation's first primary there Feb. 26. Reagan indicated new tactics, saying he might take part in debates with other Republican presidential aspirants and would campaign harder in person.
The decline in the Kennedy campaign from overwhelming backing in polls 11 weeks ago to the sharp defeat in Iowa marked a remarkable turnabout. Politicians said that Monday's setback would raise doubts among fencesitters over whether Senator Kennedy could become President and would put a financial squeeze on his campaign. The top Carter political strategists said they believed that the President had a good chance to capitalize on his strong victory in the Iowa caucuses and score a narrower but potentially decisive lead in the Democratic primary in New Hampshire.
[New York Times] - A break from an "escape-proof" prison was made by Christopher John Boyce, who was convicted in 1977 of having sold American defense secrets to Moscow. He apparently used a ladder to scale an inner fence, used shears to cut barbed wire atop the fence and then climbed over an outside gate topped with razor-sharp wire to flee from the maximum-security federal prison at Lompoc, Calif. [New York Times]
- Registration of draft-age youths in peacetime is being considered by President Carter, according to administration sources. They said they were uncertain whether Mr. Carter would accept the proposal. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 866.21 (-6.57, -0.75%)
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 21, 1980 | 872.78 | 112.10 | 48.03 |
| January 18, 1980 | 867.15 | 111.07 | 47.15 |
| January 17, 1980 | 863.57 | 110.70 | 54.19 |
| January 16, 1980 | 865.19 | 111.05 | 67.75 |
| January 15, 1980 | 868.60 | 111.14 | 52.37 |
| January 14, 1980 | 863.57 | 110.38 | 52.94 |
| 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 |