News stories from Monday October 6, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Jordan acted to assist Iraq in its war with Iran. Amman ordered the mobilization of all transport vehicles to carry food and supplies to the Iraqi army, becoming the first Arab government actively supporting Iraq. Nonmilitary supplies, especially food, were reportedly being moved toward the Iraqi border. Iraq's forces pressed a new offensive and its air force struck hard at Teheran. The war has spawned bitter broadcasts by both Iran and Iraq, crowding the airwaves with propaganda and extravagant claims, counterclaims, epithets and accusations. [New York Times]
- California support for Ronald Reagan over President Carter seems to be strong despite a 57 to 35 percent Democratic advantage in voter registration. The former California Governor appears to be leading Mr. Carter in nearly all parts of the state. A New York Times/CBS News Poll gives Mr. Reagan 40 percent, Mr. Carter 28 percent and John Anderson 11 percent of the probable votes. [New York Times]
- Fear of a Carter "October surprise" has led the Reagan campaign to form a group of specialists who will meet daily in an effort to predict what dramatic foreign policy success the President might attempt. Reagan strategists believe that the administration will seek to create a situation to show Mr. Carter's leadership ability, preferably by getting at least a few of the American hostages in Iran back home before the Nov. 4 election. [New York Times]
- Time is running out for John Anderson as he wages his independent campaign for President in the face of low ratings in the polls and a limited budget. Observers believe that the most he can achieve is to carry narrowly a handful of states and thus perhaps shift the choice from the electoral college to the House of Representatives. [New York Times]
- A harrowing ship disaster was recounted by passengers from the cruise ship Prinsendam, warm and dry at last in Valdez, Alaska, and awaiting flights for home. The crisis began slowly, they said. It started late Friday with the smell of smoke and an announcement by the captain that there was a "small fire" in the engine room. Hours later, the passengers and crew bobbed in lifeboats on an angry sea. [New York Times]
- A major ruling on freedom to travel is to be made by the Supreme Court. Opening its new term, the Court agreed to decide whether the President can revoke the passport of an American citizen on the ground that the citizen's international travel threatens the national security. The Court also granted 28 requests out of more than 1,000 petitions for review, and left standing lower court decisions on most issues. [New York Times]
- A Salvadoran was convicted of smuggling charges involving the July incident in which 13 aliens died of dehydration in the Arizona desert. The convicted man was accused of aiding the leader of a Salvadoran smuggling ring in transporting the aliens. [New York Times]
- A source of radiation exposure is prompting concern among specialists. They fear that accumulations of radon, a short-lived product of radium that seeps from stone walls and soil, may pose a radiation danger to some Americans in their homes. Some scientists believe that radon contributes slightly to incidence of cancer. [New York Times]
- A growth boom has ended for suburbs closest to New York City and some of the communities have begun to lose residents, according to preliminary census figures. The shift from three decades of population growth has caused suburban planners to emphasize a new need to find ways to keep people from leaving the region. A specialist said that the phenomenon was nationwide. [New York Times]
- A major debate over Canada's future opened in the House of Commons on a proposal by the federal government to act without the consent of the provinces to prepare the basis for a new constitution fully independent of Britain. The plan faces opposition by many provinces and in Parliament. [New York Times]
- A power struggle in Poland was confirmed as the Communist leadership expelled eight officials and adopted a call for reform in the party and increased democracy in the country. But the purge -- the third since labor turmoil generated a national crisis two months ago -- was less sweeping than reformers sought. [New York Times]
- Protests by Swiss young people have stunned a country long hailed as a haven of order. The outbreaks have swept the major cities, including Zurich, where young people, pressing for a new youth center, protested a plan to renovate an opera house. An underground journal has urged protests against inadequate housing, crowded universities and what is regarded as the indifference of the establishment to the discontent of youths. [New York Times]
- China is publicizing incompetence on the part of officials responsible for managing industry. The bungling is attributed to the selection of leaders on the basis of their records as fighters or their loyalty to the Communist Party rather than their technical or managerial skills. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 965.70 (+15.02, +1.58%)
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* |
| October 3, 1980 | 950.68 | 129.33 | 47.50 |
| October 2, 1980 | 942.24 | 128.09 | 46.16 |
| October 1, 1980 | 939.42 | 127.13 | 48.71 |
| September 30, 1980 | 932.42 | 125.46 | 40.29 |
| September 29, 1980 | 921.93 | 123.54 | 46.40 |
| September 26, 1980 | 940.10 | 126.35 | 49.43 |
| September 25, 1980 | 955.97 | 128.72 | 49.51 |
| September 24, 1980 | 964.76 | 130.37 | 56.86 |
| September 23, 1980 | 962.03 | 129.43 | 64.39 |
| September 22, 1980 | 974.57 | 130.40 | 53.14 |