News stories from Monday October 27, 1980
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Iran's Parliament held two meetings on terms for the hostages' release and then adjourned further debate until Wednesday. Its members were scheduled to visit Ayatollah Khomeini tomorrow, a Shiite Moslem holiday, and the adjournment led to speculation that the Ayatollah's remarks to them might help to settle their differences over the terms for freeing the hostages. Diplomatic sources suggested that only the Ayatollah's intervention could settle the arguments.
The White House put down the idea that President Carter was using the hostage issue to get re-elected, a feeling that officials believe may be growing in the country.
[New York Times] - Iran put up stiff resistance against Iraqis who assaulted the oil refining center of Abadan from two directions, according to reports. Both sides reported heavy fighting on the road leading southeast from the oil port of Khorramshahr to Abadan. The Iranian radio said that Abadan's defenders had turned back Iraqi troops that tried to enter Abadan over a bridge across the Bahmanshir River. [New York Times]
- The televised Carter-Reagan debate in Cleveland on Tuesday night could be decisive in the presidential campaign, both sides say. Both contenders were warming up for the confrontation.
Cleveland is sprucing up for the Carter-Reagan debate at the city's Public Hall convention center. The city's street cleaners are out in force and fresh flowers have been planted, both signs of the city's determination to show off its strengths and its progress to the visiting national media.
[New York Times] - Nuclear energy issues will be decided by voters in five states on Election Day. In South Dakota, a coalition got sufficient backing to place on the ballot a proposal that would require that uranium mines and mills, nuclear power plants and radioactive waste disposal must be approved by a majority of the state's voters. Similar proposals are on other state ballots. [New York Times]
- Governor Carey again attacked what he describes as a "heroin epidemic" in New York City and the nation, saying that "right now the American people would applaud if President Carter called the Congress back" to deal with the problem. "It's the kind of thing Harry Truman would have done," Mr. Carey told a news conference in Albany. "I want something done about it," he shouted. [New York Times]
- Thirty Americans left Cuban prisons and flew to Miami in an airliner chartered by the Justice Department. Three others who were also pardoned and released by the Cuban government chose to remain there. [New York Times]
- Poland's union leaders who are angry over a court-ordered change in the bylaws of their new union, Solidarity, which they believe endangers its independence, demanded that Prime Minister Jozef Pinkowski come to the Lenin shipyard in Gdansk to hear their grievances or face the possibility of another strike. The Prime Minister responded by inviting the leaders to come to Warsaw for talks, temporarily averting a sit-in at the shipyard. [New York Times]
- In a speech on medical ethics to a special audience of 2,700 doctors at the Vatican, Pope John Paul II criticized "irresponsible" medical research and warned of the dangers of organ transplants, genetic experimentation, artificial insemination, birth and fertility controls and new drugs. [New York Times]
- Beverly Sills bade farewell to opera, singing the role of Rosalinda in a performance of "Die Fledermaus" at the New York State Theater in Lincoln Center. She said it was "positively my last appearance on the opera stage." Mayor Koch, Walter Cronkite, Joan Mondale, Governor Carey and Lady Bird Johnson were among the many well-known people who were part of the cast in the opera's second-act party scene. They had contributed to a $1,000-a-plate dinner to benefit the New York City Opera, where Miss Sills is managing director. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 931.74 (-11.86, -1.26%)
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 24, 1980 | 943.60 | 129.85 | 41.03 |
| October 23, 1980 | 939.51 | 129.53 | 49.19 |
| October 22, 1980 | 955.12 | 131.92 | 43.06 |
| October 21, 1980 | 954.44 | 131.84 | 51.30 |
| October 20, 1980 | 960.84 | 132.61 | 40.91 |
| October 17, 1980 | 956.14 | 131.52 | 43.96 |
| October 16, 1980 | 958.70 | 132.22 | 65.45 |
| October 15, 1980 | 972.44 | 133.70 | 48.28 |
| October 14, 1980 | 962.20 | 132.02 | 48.79 |
| October 13, 1980 | 959.90 | 132.03 | 31.41 |