News stories from Monday July 14, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A blistering attack on President Carter came from former President Gerald Ford in the opening day of the Republican national convention. Mr. Ford called Mr. Carter a leader who had "sold America short" and "given up on the presidency."
Ronald Reagan appeared unworried that continuing fights between the moderate and conservative wings of the Republican Party would complicate his choice of a vice-presidential candidate or divert attention away from his criticism of Mr. Carter. As he arrived in Detroit, he made conciliatory gestures to the moderates in the party, including a meeting with former President Ford.
[New York Times] - The Reagan campaign strategy calls for the launching of a volunteer, door-to-door effort in October, involving several hundred thousand workers -- the largest use of personal campaigning since television began to dominate presidential politics. This represents one facet of a drive to portray Mr. Reagan as a man who appeals to more than the conservative activists who have long supported him. [New York Times]
- The Reagan family inner dynamic includes a husband and wife who are virtually inseparable and four children who are left to go their own way except when they make a formal appearance as they will at the convention in Detroit. The two older children, Maureen and Michael, are active in the campaign, while the two younger children, Patricia and Ron, have chosen to pursue their own careers. [New York Times]
- The federal budget deficit will swell to $60 billion for the fiscal year which ends on Sept. 30, according to administration officials. This approaches the $66 billion deficit recorded in the last year of the Ford administration and has been attributed to congressional and economic developments. It also appears that there will be a deficit of $25 billion to $30 billion, even without a tax cut, next year. [New York Times]
- Billy Carter registered as an agent of the Libyan government. In a consent agreement with the Justice Department, he neither admitted nor denied department charges but promised not to engage in further political and public relations for that country without filing a "true and complete" registration statement. [New York Times]
- A federal infiltrator joined with Nazis in planning the counter-demonstration in Greensboro last Nov. 3 that led to the deaths of five members of the Communist Workers Party, members of a Nazi group in North Carolina have asserted. Bernard Butkovich, an agent of the Bureau of Tobacco, Alcohol and Firearms, was accused of attending the group's planning sessions and encouraging the acquisition of illegal weapons and bombs. [New York Times]
- Iranian firing squads executed 26 people in several cities, including a general convicted of killing people during the final days of the Shah's reign and two members of the Bahai religious sect, accused of espionage. Others were put to death for narcotics and sex offenses. The executions came as militants occupying the American Embassy continue to seek spy trials for the American hostages. [New York Times]
- The World Conference on Women opened in Copenhagen, with Secretary General Kurt Waldheim of the United Nations urging women to join the quest for a solution of the world's problems. About 1,000 delegates from 118 countries have gathered to assess progress made during the first five years of the Decade for Women. [New York Times]
- The death of Botswana's President, Sir Seretse Khama, who had ruled the country since independence from Britain 14 years ago, has brought no sign of instability or bids to amend or usurp the constitution in the only independent African state with an unimpaired democracy. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 905.55 (+14.42, +1.62%)
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* |
| July 11, 1980 | 891.13 | 117.84 | 38.31 |
| July 10, 1980 | 885.92 | 116.95 | 43.73 |
| July 9, 1980 | 897.27 | 117.98 | 52.00 |
| July 8, 1980 | 897.35 | 117.84 | 45.83 |
| July 7, 1980 | 898.21 | 118.29 | 42.54 |
| July 3, 1980 | 888.91 | 117.46 | 47.23 |
| July 2, 1980 | 876.02 | 115.68 | 42.85 |
| July 1, 1980 | 872.27 | 114.93 | 34.34 |
| June 30, 1980 | 867.92 | 114.24 | 29.90 |
| June 27, 1980 | 881.83 | 116.00 | 33.11 |