News stories from Monday August 4, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The hostage crisis will be prolonged in retaliation for what Teheran has termed the mistreatment of Iranian prisoners in the United States. The Speaker of Iran's Parliament said that a debate that was to begin today on an appeal from 187 American Congressmen for priority action on the 52 American captives would be postponed. [New York Times]
- No one is being mistreated, according to the warden of a federal prison in New York State where 172 men were taken after their arrests during a pro-Khomeini demonstration in Washington on July 27. The prisoners, who have been on a hunger strike, have been detained under immigration regulations because they have refused to identify themselves. The Justice Department said that 46 of them had given their names and would be freed. [New York Times]
- Billy Carter has had no influence on Carter administration policy toward Libya, according to a 13,000-word report submitted by President Carter to the Senate panel investigating his brother's links with Libya. The President also said that he had directed his counsel to draft a rule barring any contact between the executive branch and the President's relatives that might give "the appearance of improper favor or influence." [New York Times]
- While Billy Carter was interceding with Libya on the issue of the American hostages in Iran on behalf of the Carter administration, the administration also made several official contacts with Libya on the problem, according to a top State Department official. He testified on the opening day of the Senate committee inquiry into the Billy Carter controversy. [New York Times]
- The President urged his delegates nol to vote to release themselves from their pledges to support his renomination at the Democratic convention next week. Mr. Carter renewed his appeal as he acknowledged his low standing in the opinion polls at a White House news conference.
Neutrality by Democratic governors was indicated as they took no stand on support for President Carter or on a proposed rule that would allow convention delegates to vote for a presidential aspirant other than the one to whom they were once committed.
[New York Times] - Appeals for black support in bids for the presidency were made by Senator Edward Kennedy and Representative John Anderson in speeches before the National Urban League. Mr. Kennedy stressed his past accomplishments in civil rights measures and Mr. Anderson outlined proposals, including urban aid programs, that he would press as President. [New York Times]
- Two widows interrupted the trial of six Ku Klux Klansmen and Nazis charged with murdering their husbands and three other members of the Communist Workers Party at an anti-Klan rally last November in Greensboro, N.C. The two women shouted protests against the judicial system and were given 30-day sentences for contempt. [New York Times]
- Population declines in three more of New York City's census districts were indicated in preliminary figures released by city officials. The reports on Manhattan's West Side, northwestern Queens and southern Brooklyn showed a decrease of 7.5 percent since 1970. Asserting that the three areas had gained in population, a city official pledged an aggressive effort to convince federal officials that the figures represented an undercount. [New York Times]
- An antitrust suit involving pay TV was filed by the Justice Department. It accused four of the largest film companies and the Getty Oil Company of violating the laws by agreeing to establish jointly a pay television network that would limit the availibility of movies to other pay networks. [New York Times]
- The 80th birthday of Queen Elizabeth the Queen Mother was celebrated jubilantly by Britons. In London, the tributes included a flyover by military jets, two 21-gun salutes and also waving and singing by thousands of people outside Clarence House, the home of "the Queen Mum." [New York Times]
- The "nonaligned" group does not exist any longer as an independent movement, according to U Nu of Burma, the last survivor of the five leaders who created the movement in the 1950's. Burma has withdrawn from the bloc because a dominant group backed Moscow's policies. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 931.06 (-0.42, -0.05%)
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* |
| August 1, 1980 | 931.48 | 121.21 | 46.43 |
| July 31, 1980 | 935.32 | 121.67 | 54.60 |
| July 30, 1980 | 936.18 | 122.23 | 58.06 |
| July 29, 1980 | 931.91 | 122.40 | 44.84 |
| July 28, 1980 | 925.43 | 121.43 | 35.33 |
| July 25, 1980 | 918.09 | 120.78 | 36.25 |
| July 24, 1980 | 926.11 | 121.79 | 42.42 |
| July 23, 1980 | 928.58 | 121.93 | 45.90 |
| July 22, 1980 | 927.30 | 122.19 | 52.23 |
| July 21, 1980 | 928.67 | 122.51 | 42.74 |