News stories from Tuesday September 9, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Iran's response to a U.S. appeal for release of the 52 American hostages was made by Prime Minister Mohammed All Rajai, who said the United States must "repent" and rejected compromise. A private letter from Secretary of State Edmund Muskie was read aloud by Mr. Rajai to a crowd in the holy city of Qum.
Four British diplomats left Teheran and the British Embassy was closed amid growing concern that the four might be taken hostage. At the same time, Britain began to deport the Iranian students arrested during a violent demonstration in London last month. According to a British official, the decision to withdraw the diplomats from the embassy came after Iranian officials had issued a series of threats against Britain.
[New York Times] - John Anderson will join the debates, having promptly accepted an invitation by the League of Women Voters to take part in the first presidential debate this fall. Ronald Reagan also accepted the invitation, but President Carter declined. [New York Times]
- Ronald Reagan's long-awaited plan to balance the budget, reduce taxes and upgrade the nation's defense was unveiled in Chicago. In a luncheon address before the International Business Council, a Chicago-based organization, Mr. Reagan offered no startling new proposals but simply brought together in a five-year plan a number of items he has been discussing throughout the campaign. [New York Times]
- President Carter lashed out at his rival in an appearance in New Jersey, accusing Ronald Reagan of "cheap politics." Mr. Carter denied that his administration had compromised national security by disclosing the existence of the so-called invisible bomber project three weeks ago. [New York Times]
- A business associate of Billy Carter, who helped him arrange a loan from Libya, tried to use his ties with the Carter family to advance his own personal and financial interests, an examination of his business activities indicates. The man, George Belluomini, has been identified by Justice Department officials as a target of narcotics and currency investigations. [New York Times]
- Vernon Jordan held a news conference, the first public appearance for the president of the National Urban League since he was shot by a sniper in Fort Wayne, Ind., last May. He said he would not let the possibility of renewed violence "stand in the way of my beliefs and my duties." He also supported a call for a meeting of national black leaders. [New York Times]
- It was D'Amato and Holtzman who won their parties' nominations in New York's Senate primaries. Aifonse D'Amato, a Long Island town supervisor, defeated the Republican incumbent, Senator Jacob Javits, while Representative Elizabeth Holtzman overcame a field of four Democratic candidates.
Former Senator James Buckley won the Republican nomination for United States Senator from Connecticut by a comfortable margin over his opponent, Richard Bozzuto. The former Senator from New York will face Representative Christopher Dodd, the Democratic candidate, in the general election.
[New York Times] - Federal rules on bilingual education, recently proposed and published in the Federal Register, drew praise from supporters at hearings held by the federal Department of Education at New York University. Advocates urged that the tentative regulations be made even stronger to assure that a bilingual education would be available to every child who needs it. Opponents of the proposed regulations have criticized the federal government for overstepping its authority. [New York Times]
- American assistance to Polish unions could be construed as "outside interference" from the enemies of socialism, according to officials of the Polish government who spoke with American diplomats in Warsaw. According to them, any financial aid from the American labor movement, such as that pledged by the A.F.L.-C.I.O., could lead to a suppression of the newly independent trade unions. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 934.73 (+6.15, +0.66%)
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* |
| September 8, 1980 | 928.58 | 123.31 | 42.04 |
| September 5, 1980 | 940.96 | 124.88 | 37.99 |
| September 4, 1980 | 948.81 | 125.42 | 59.02 |
| September 3, 1980 | 953.16 | 125.66 | 52.35 |
| September 2, 1980 | 940.78 | 123.74 | 35.30 |
| August 29, 1980 | 932.59 | 122.38 | 33.50 |
| August 28, 1980 | 930.38 | 122.08 | 39.89 |
| August 27, 1980 | 943.09 | 123.52 | 43.97 |
| August 26, 1980 | 953.41 | 124.84 | 41.70 |
| August 25, 1980 | 956.23 | 125.16 | 35.39 |