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Tuesday March 11, 1980
. . . where the 1970s live forever!

News stories from Tuesday March 11, 1980

Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • Hopes for the release of the hostages in Iran center on the ability of the United Nations commission to resume its work, the State Department spokesman indicated. He said President Carter has ruled out the use of military force or any other provocative action at this time in the 129-day crisis over the American captives. [New York Times]
  • The Shah of Iran is seriously ill and requires a hazardous operation, according to a personal physician who examined him in Panama. [New York Times]
  • Jimmy Carter and Ronald Reagan won decisive victories in the presidential primaries in Florida, Alabama and Georgia. Mr. Reagan led George Bush by about 2 to 1, with Representative John Anderson a distant third, in Florida's Republican contest and by even wider margins in Alabama and Georgia. In the Democratic primaries, President Carter scored landslide victories over Senator Edward Kennedy in all three states.

    Ronald Reagan won the solid backing of the staunchly conservative Republican voters of Florida, who see him as a more effective leader and a more electable nominee than George Bush, according to a New York Times/CBS News Poll. The size of Mr. Reagan's majority in Florida, coupled with his sweep of Alabama and Georgia, now throws Mr. Bush on the defensive in the Middle West. [New York Times]

  • Chappaquiddick evidence was withheld, according to new disclosures. Complete records of Senator Edward Kennedy's telephone calls in the hours after the 1969 accident in which Mary Jo Kopechne died in his car were withheld by the telephone company from an inquest into her death, without the knowledge of the assistant district attorney who asked for them. Lawyers for the telephone company said they had decided independently to submit incomplete information, and were not pressured by the Senator or others acting in his behalf. [New York Times]
  • The Three Mile Island reactor accident led the Nuclear Regulatory Commission to form a staff group to determine whether the operator should be fined for not promptly informing Washington about the extent of the accident when it occurred nearly a year ago. Investigators for the commission say that the operator delayed disclosing key data that would have influenced a decision on whether an immediate evacuation was advisable. [New York Times]
  • Opposition to military registration of young men for a possible draft increased in Congress. President Carter's proposal, already stalled in the House, met strong resistance in its first test in the Senate. [New York Times]
  • Lawyers for Pfc. Robert Garwood asked a military judge for government funds to help prepare his defense against charges of desertion and collaboration with the enemy in Vietnam. The request was made at the opening of the Marine's court-martial. [New York Times]
  • Rhodesia moved toward independence as the nation of Zimbabwe as Robert Mugabe was appointed Prime Minister. He announced a 23-member cabinet dominated by his party. Two economic posts went to whites. [New York Times]
  • Israel has expropriated 1,000 acres of land on the outskirts of Jerusalem for a Jewish housing development in an area seized from Jordan in the 1967 war. Most of the land was Arab owned. The development would link two Jewish neighborhoods, form part of a Jewish ring around the city and prevent Arabs from building there.

    Jimmy Carter sought to reassure Jews that United States policy toward lsraal had not changed. The President tried to ease the political furor over a United Nations resolution opposing Israel's settlement policies in occupied lands that was supported by Washington's delegate and later disavowed by Mr. Carter. He spoke at a White House briefing for 150 Democrats. [New York Times]

  • Dr. Herman Tarnower was fatally shot at his home in Purchase, N.Y. A leading Westchester physician and author of "The Complete Scarsdale Medical Diet," was 69 years old. Jean Harris, who helped him with the best-selling book, was charged with the murder and held without bail. She was leaving the Tarnower estate when the police arrived and an official said there was a revolver in her car and that "she made certain admissions." [New York Times]
  • A possibly record theft of gold and silver occurred in Miami. An insurance investigator said that nearly $8 million worth of the metals, including 800 pounds of gold, had been taken. The burglars incapacitated a sophisticated alarm system and took the loot from one of the nation's largest wholesalers of precious metals. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 826.45 (+7.51, +0.92%)
S&P Composite: 107.76 (+1.25, +1.17%)
Arms Index: 0.54

Total Volume41.35
* in millions of shares

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
March 10, 1980818.94106.5143.54
March 7, 1980820.56106.9050.95
March 6, 1980828.07108.6549.61
March 5, 1980844.88111.1349.25
March 4, 1980856.48112.7844.31
March 3, 1980854.35112.5038.68
February 29, 1980863.14113.6638.80
February 28, 1980854.44112.3540.31
February 27, 1980855.12112.3846.43
February 26, 1980864.25113.9840.04

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