News stories from Wednesday August 13, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Carter won renomination from the Democratic National Convention with a resounding majority. After the roll call, he also re-ceived a long-delayed, much-sought pledge of support from Senator Edward Kennedy after the challenger's intentions had been in doubt through the day. [New York Times]
- Senator Kennedy called for unity and pledged to work for President Carter's re-election in a statement sent to the convention. Mr. Kennedy said "it is imperative" that Ronald Reagan be defeated and urged all Democrats to join the effort. The President had refused to support the precise provisions of the Senator's proposed $12 billion anti-recession jobs program, but he accepted Mr. Carter's pledge to "implement its spirit and its aims." [New York Times]
- The Carter forces had their turn at last to cheer, but it was more in relief than exuberance, as the President won renomination. The convention speakers denounced Ronald Reagan, but through the day the delegates still seemed caught in the last nine months of Democratic disputes. [New York Times]
- An alleged Libyan bribery plan is being investigated by a Senate panel, according to sources. They said that evidence showed that Tripoli had considered making at least $15 million in secret payments to influence American officials to aid the sale of eight military transport planes to Libya. The plan was abandoned. [New York Times]
- Aid for Cuban and Haitian refugees in southern Florida was announced by federal officials, who said that $16.8 million would be made available for health and educational services. About 500 Haitians are arriving in the area each week. [New York Times]
- Rail freight competition was ordered by the Interstate Commerce Commission. By a vote of 5 to 2, the commission overturned the power of the nation's railroads to set rates collectively, reversing practices authorized by Congress in 1948. [New York Times]
- An antiballistic missile system to protect the United States against nuclear attack has evoked renewed interest among military officials in light of growing Soviet power and improving American technology. In 1972, Washington and Moscow agreed to limit the deployment of defensive missiles after scientists and military experts said they were too costly and involved technical problems. [New York Times]
- Brutal repression in Bolivia is being systematically carried out by the military regime that seized power on July 17. Hundreds of Bolivians have been arrested and tortured and hundreds more have become fugitives. [New York Times]
- Increased Soviet control of Afghans was indicated in a report on the Kabul radio announcing that Moscow was to take over most of the higher and specialized education of young Afghans. About 1,500 students will leave this year for Soviet universities. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 949.23 (-3.16, -0.33%)
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 12, 1980 | 952.39 | 123.79 | 52.04 |
| August 11, 1980 | 964.08 | 124.78 | 44.69 |
| August 8, 1980 | 954.69 | 123.51 | 58.86 |
| August 7, 1980 | 950.94 | 123.30 | 62.37 |
| August 6, 1980 | 938.23 | 121.55 | 45.02 |
| August 5, 1980 | 929.78 | 120.74 | 45.51 |
| August 4, 1980 | 931.06 | 120.98 | 41.57 |
| 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 |