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News stories from Tuesday January 29, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The escape of six Americans from Iran was announced by United States and Canadian officials. They said that six embassy employees had received sanctuary for three months in the Canadian Embasssy in Teheran and fled from Iran last weekend, posing as Canadian diplomats and carrying forged Iranian visas. The dramatic feat was achieved under utmost secrecy. As a precautionary measure, the small Canadian Embassy staff in Iran left for home Monday.
Relatives of the embassy employees who had escaped from Iran said they had known that the six were in hiding, but had not been told details and had been warned by the State Department to keep silent for fear of word getting back to Iran, where a search would have started for the fugitives. The department speedily informed the families of the escape. [New York Times]
- Islamic foreign ministers rebuked Iran for continuing to hold the American hostages. The drive against their fellow Moslems in Iran was led by Saudi Arabia and Iraq. The ministers, meeting in Pakistan, inserted the hostage issue in a consensus resolution and diluted an Iranian resolution opposing American sanctions against Iran. [New York Times]
- A boycott of the Moscow Olympics by both American athletes and possible spectators, regardless of whether Moscow withdraws its troops from Afghanistan, was approved by an 88-to-4 vote in the Senate. The resolution goes further than the position taken by President Carter or a similar resolution approved by the House. [New York Times]
- Andrei Sakharov was championed by 19 Soviet writers and artists, including several who are not known as fellow dissidents. They protested that his banishment from Moscow signaled a return to Stalinism. [New York Times]
- The Coast Guard pressed a search in Tampa Bay, Fla., for 17 missing crew members of a Coast Guard buoy tender that collided with an oil tanker Monday evening. The bodies of six crewmen were recovered in what was feared to be the greatest loss of life in the peacetime history of the service. In the collision, the Coast Guard tender suffered a long gash and sank quickly in the main shipping channel. [New York Times]
- Jimmy Durante died at the age of 86 in Santa Monica, Calif., of pneumonitis. The leading comedian had a preposterous nose, raspy voice, merry eyes, penguin strut and a talent for bringing down the house in triumph. [New York Times]
- A Republican foreign-policy offensive against President Carter has been opened by the party's presidential aspirants, who now believe it will not imperil their campaigns or the lives of the American hostages in Iran. The Republicans generally accuse Mr. Carter of having had an unrealistically rosy view of the Russians, reneging on American commitments and neglecting national defense.
Assailing White House military policy, members of the House Armed Services Committee told Defense Secretary Harold Brown that the proposed new arms budget was insufficient and tardy. The largely conservative panel asserted that the Carter administration had neglected its warnings of Soviet militancy. [New York Times]
- Handling of radioactive waste was criticized by the Inspector General of the Energy Department, who said that management policies at the nation's largest waste dump had "kept publicity about possible tank leaks to a minimum." A report called for a broad overhaul of some of the key practices at the government's 570-square-mile dump in Washington state. [New York Times]
- Two border patrolmen were convicted of having led what the government termed a "vigilante group" who inflicted beatings on Mexican aliens illegally entering the United States in the San Diego area. The criminal brutality convictions were described as the first ever obtained against officers of the Immigration and Naturalization Service, the parent organization of the Border Patrol.
Alleged illegal aliens were rounded up at the Port Authority terminal in New York City. Eighty-five people were taken off buses or from lines waiting for buses in what was the largest roundup of domestic workers believed to be illegal aliens that immigration agents could recall in the region. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 874.40 (-4.10, -0.47%)
S&P Composite: 114.07 (-0.78, -0.68%)
Arms Index: 0.99
| Issues | Volume* |
|---|
| Advances | 527 | 16.84 |
| Declines | 1,020 | 32.26 |
| Unchanged | 358 | 6.38 |
| Total Volume | 55.48 |
* in millions of sharesArms Index is the ratio of volume per declining issue to volume per advancing issue; a figure below 1.0 is bullish.
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| Market Index Trends |
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| Date | DJIA | S&P | Volume* |
|---|
| January 28, 1980 | 878.50 | 114.85 | 53.62 |
| January 25, 1980 | 876.11 | 113.61 | 47.09 |
| January 24, 1980 | 879.95 | 113.70 | 59.10 |
| January 23, 1980 | 877.56 | 113.44 | 50.75 |
| January 22, 1980 | 866.21 | 111.51 | 50.61 |
| 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 |
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