News stories from Tuesday September 16, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A debate on the hostages was put off by Iran's Parliament, which agreed instead to set up a commission to weigh the fate of the 52 Americans. An accord on the panel's precise objectives may be difficult to reach in view of many demands by legislators for a thorough study of the history of American involvement in Iran. [New York Times]
- Moscow demanded return of a soldier who is seeking asylum in the American Embassy in Afghanistan, diplomats in Washington said. They reported that many Afghan policemen had been stationed around the embassy. State Department officials feared that the authorities in Kabul might use force to retrieve the Soviet soldier. [New York Times]
- Oil exporting nations were divided sharply as Iran, Libya and Algeria blocked an accord on a long-term pricing policy at a bitter, six-hour meeting in Vienna. Other ministers of the 13-member OPEC cartel raised a possibility that the majority might ignore the objections of the three dissident nations and approve a long-term pricing strategy anyway. [New York Times]
- Ronald Reagan has a clearer vision of the future of the nation and more ability to lead it than President Carter has, in the opinion of large majorities of people questioned in a New York Times/CBS News Poll. But by similar majorities, the public believes that Mr. Carter has a better understanding of the problems of the presidency and more concern for ordinary people. If Mr. Reagan is elected, Americans believe, there is a greater risk of war but a greater chance for improving the economy. [New York Times]
- President Carter stepped up his attack on Ronald Reagan, implying that the Republican had resorted to racist tactics and belittling him as a captive of his campaign strategists. Mr. Reagan wooed Texans, addressing Mexican-Americans in San Antonio and oil executives in Houston. The Republican presidential nominee proposed liberalized rules to make it easier for Mexicans to enter the United States legally. [New York Times]
- The source of a cocaine-use allegation against Tim Kraft was Evan Dobelle, the deputy chairman of the Democratic National Committee, according to persons familiar with the inquiry. They said that statements made by Mr. Dobelle to federal investigators and a grand jury last spring prompted the inquiry into the assertion that Mr. Kraft, who stepped down Sunday as President Carter's campaign manager, used cocaine in 1978. [New York Times]
- A huge military appropriation won approval in the House, reflecting rising congressional concern over the readiness of the armed forces. The $157.5 billion bill was passed by a vote of 351 to 42 and marked the first time in more than 10 years that the House has added to the level of military funding proposed by the White House. [New York Times]
- A new generation of nerve gas weapons could be produced in a factory that is to be built with funds approved in the Senate. The House has already approved this first step toward ending a 10-year moratorium on the production of lethal chemical arms. [New York Times]
- An intelligence monitoring accord was reported by congressional aides. They said that Senate and House negotiators had apparently reached an agreement with the White House on legislation that would define and restrict congressional overseeing of federal intelligence agencies. The accord was worked out after weeks of intensive talks. [New York Times]
- Convictions in the third Abscam trial involving political corruption in the country were handed up by a federal court jury after three hours of deliberation. The panel found the president of the Philadelphia City Council and a second Councilman guilty of extortion and conspiracy. [New York Times]
- A death sentence for a Korean dissident was handed down by military judges in Seoul. Kim Dae Jung, the opposition leader, had been found guilty of sedition. Twenty-three other men on trial with him were given prison sentences ranging from 3 years to 20 years. [New York Times]
- Israel arrested suspected terrorists, the military authorities announced. They said they had seized four Palestinians accused of ambushing a group of Jewish worshipers in May in the Arab city of Hebron, killing 6 and wounding 16. [New York Times]
- Bonn's delegate criticized Bonn policy in a dramatic departure from diplomatic practice at the United Nations. Baron Rudiger von Wechmar, in his inaugural speech as president of the new General Assembly, assailed the refusal of West Germany and other industrialized nations to agree to guidelines sought by the third world for negotiations on their economic aims. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 945.90 (+8.27, +0.88%)
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 15, 1980 | 937.63 | 125.67 | 44.63 |
| September 12, 1980 | 936.52 | 125.54 | 47.18 |
| September 11, 1980 | 941.30 | 125.66 | 44.77 |
| September 10, 1980 | 938.48 | 124.81 | 51.45 |
| September 9, 1980 | 934.73 | 124.07 | 44.46 |
| 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 |