News stories from Monday June 16, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The only way to solve the hostage crisis would be a "comprehensive settlement of all Iran-United States problems," Foreign Minister Sadegh Ghotbzadeh said in Teheran. As a United Nations mission left Iran after a 27-day attempt to break the stalemate over the American captives, he indicated that no such effort would be successful. [New York Times]
- A split in the Anderson campaign over tactics led to the departure of Stewart Mott, a major fundraiser. Later, John Anderson met with Governor Carey, who has not yet endorsed a presidential candidate. No commitments were asked or made, but the two are likely to confer again, according to a top Anderson aide. Mr. Anderson's candidacy could siphon off needed votes for President Carter in New York state. [New York Times]
- An anti-Klan rally that resulted in five deaths and at least 20 arrests in Greensboro, N.C., last November generated new confrontations at the start of the trial in the slayings. The disputes involved members and supporters of the Ku Klux Klan, the American Nazi Party, the Communist Workers Party and the police. [New York Times]
- Big farm owners were upheld as the Supreme Court ruled unanimously that all farm owners in California's lush Imperial Valley are entitled to federally subsidized irrigation water. The decision overturned a ruling by a federal appeals court that held nearly three years ago that a 1902 federal law restricted such rights to farms no larger than 160 acres. [New York Times]
- Job recruiting at colleges has eased because of the recession, according to a new report. It said that the increase in offers this year was only 8 percent over a year earlier, in contrast to the 13 percent increase predicted by employers last fall. [New York Times]
- Handling toxic waste emergencies will be the task of an interagency force that the Carter administration plans to establish, officials disclosed. The plan was generated by the angry reaction that followed the release of a study suggesting that residents of the Love Canal area of Niagara Falls, N.Y., had suffered chromosome damage because of chemicals dumped there. [New York Times]
- Patents for new forms of life created in a laboratory were supported by the Supreme Court. The 5-to-4 decision, upholding the award of a patent for a new bacterium that "digests" oil spills, opens the way for patent protection for the rapidly growing field of genetic engineering. But both the majority and minority decisions suggested that Congress could amend the laws to prohibit patents for living things. [New York Times]
- New Washington-Bonn friction was confirmed. President Carter has sent a strongly worded message to Chancellor Helmut Schmidt cautioning him against suggesting an East-West freeze on the deployment of medium-range nuclear missiles in Europe when he confers with Leonid Brezhnev in Moscow on June 30. Mr. Schmidt has said publicly that he would not deviate in any way from agreed NATO positions. [New York Times]
- A Saudi military request to Washington involves missiles and other sensitive items that would significantly increase the range and firepower of 60 F-15's now being sent to Saudi Arabia, United States officials said. The Saudis have stressed the importance of the request. Although American officials say that the items would enable the jet fighters to strike Israel, they said there was strong backing in the administration for the request. Strong congressional opposition is certain. [New York Times]
- Beirut is extraordinarly resilient despite five years of civil war that have killed about 42,000 persons and destroyed the center of the capital along with more than $6 billion worth of property in Lebanon. There is hardly any semblance of government or law, but the street-wise inhabitants of the city are flourishing and turning any lull in the fighting into a chance to make more money than ever before. [New York Times]
- New damage to a Leonardo da Vinci painting was detected by electronic devices. A crack in the wall of a church in Milan containing the "Last Supper" poses a new threat to the already badly damaged masterpiece. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 877.73 (+1.36, +0.16%)
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* |
| June 13, 1980 | 876.37 | 115.81 | 41.85 |
| June 12, 1980 | 872.61 | 115.52 | 47.30 |
| June 11, 1980 | 872.70 | 116.02 | 43.80 |
| June 10, 1980 | 863.99 | 114.66 | 42.02 |
| June 9, 1980 | 860.67 | 113.71 | 36.81 |
| June 6, 1980 | 861.52 | 113.20 | 37.22 |
| June 5, 1980 | 858.70 | 112.78 | 49.07 |
| June 4, 1980 | 858.02 | 112.61 | 44.17 |
| June 3, 1980 | 843.77 | 110.51 | 33.15 |
| June 2, 1980 | 847.35 | 110.76 | 32.71 |