News stories from Monday June 23, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Allied leaders pledged energy growth and a commitment to develop enough alternative power sources from coal, nuclear power and synthetic fuels to save 15 million to 20 million barrels of oil a day by 1990. The OPEC nations now produce nearly 28 million barrels a day. The leaders of the seven major non-Communist industrialized coun-tries ended a two-day summit meeting in Venice by announcing policies intended to fight inflation and insure economic growth in the face of limited oil supplies.
A phasing out of nuclear power plants "in an orderly manner" was pledged by the Democratic Platform Committee in Washington. The position varied markedly from the communique signed in Venice by President Carter and other allied leaders.
[New York Times] - Bonn's policies involving Moscow were outlined by Chancellor Helmut Schmidt to the other allied leaders in Venice. The West German leader said that, in talks with Leonid Brezhnev later this month, he would stress, among other points, that Bonn could not be used in any way to divide the Western alliance and he would affirm that the Soviet intervention in Afghanistan was "unacceptable" to West Germany. [New York Times]
- An incursion into Thailand by Vietnamese troops attacking a Cambodian resistance group led to a clash in which five Thai soldiers were killed and many wounded, according to official Thai sources. Thailand's military command said that the intruders were forced back into Cambodia after fighting that lasted about 10 hours. [New York Times]
- The admittance of homosexual aliens to this country has been endorsed by the Carter administration. A White House official said that the administration backed a proposal to repeal a provision of the immigration law that bars their entry. [New York Times]
- Soviet emigres took a bold step in Boston. In what is believed to be the first public protest demonstration by the dissidents in this country, about 24 of them carried placards and distributed leaflets protesting the presence of two leading Soviet physicists at a conference on laser research. [New York Times]
- Evidence seized illegally may be used in a trial under a Supreme Court ruling. In a 6-to-3 decision, the Justices said that federal judges could not exclude such evidence unless the seizure violated the constitutional rights of the trial defendant. [New York Times]
- Terrorism by two Israeli soldiers was charged in an Israeli military indictment that accused them of conspiring to blow up mosques and Christian missionary institutions. [New York Times]
- The death of Sanjay Gandhi in a plane crash, raising questions about India's political future, generated an outpouring of tributes. The 33-year-old son of Prime Minister Indira Gandhi was her closest adviser and, it was widely believed, her heir apparent. [New York Times]
- European-Soviet contacts could help in spelling out the allies' view of the Afganistan situation, President Carter said after the allied conference in Venice. His statement, made at a news conference, seemed to constitute a modification of his views. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 873.81 (+4.10, +0.47%)
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 20, 1980 | 869.71 | 114.06 | 36.52 |
| June 19, 1980 | 870.90 | 114.66 | 38.28 |
| June 18, 1980 | 881.91 | 116.26 | 41.96 |
| June 17, 1980 | 879.27 | 116.03 | 41.99 |
| June 16, 1980 | 877.73 | 116.09 | 36.18 |
| 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 |