News stories from Tuesday June 27, 1978
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Anti-tax sentiment is widespread, according to the latest New York Times and CBS News poll. It found that voters outside California backed a Proposition 13 measure for their communities by 51 percent to 24 percent, with the others undecided. The survey showed that the rest of the nation was at least as eager as California to vote property tax cuts even if they resulted in reduced services. [New York Times]
- Seasoned Democratic insiders are meeting occasionally at the White House to provide advice to the Carter administration on dealing with Congress and avoiding past obstacles on Capitol Hill. The group of lawyers, lobbyists and members of previous administrations are conferring at the invitation of Anne Wexler, the new presidential aide in charge of political coordination. [New York Times]
- Immediate postgraduate study is declining. The nation's college seniors are deciding in growing numbers to work for a year or longer before entering graduate and professional schools. The students are concerned about the cost of education and dubious of the value of advanced study. [New York Times]
- Senator Edward Brooke's chances for re-election suffered a possible blow when his wife, Remigia, asked for a divorce trial. Negotiations on a settlement that would have avoided a long court fight in the bitter divorce and halted the flow of damaging reports about the Massachusetts Republican's finances broke down minutes before a court-ordered deadline. [New York Times]
- Concorde airliners face limits on operations under final rules announced by Transportation Secretary Brock Adams. New regulations also require all future planes to meet stricter noise standards. After Aug. 1, restrictions on the number of daily Concorde flights in and out of John Kennedy International Airport will be lifted. [New York Times]
- Space is becoming scarce in a key area of outer space and is causing an international dispute. The space is within an imaginary line 22,300 miles above the equator. The position is vital because a spacecraft placed on this imaginary line can act as a relay station by picking up signals from a ground station, amplifying them and beaming them back to many receivers. [New York Times]
- Stronger American-Chinese ties were reflected in a White House announcement, A high-level delegation of government scientists is to fly to Peking for talks with Chinese officials early next month. This is the first time that China has agreed to such talks on science and technology since contacts began in 1971. [New York Times]
- Moscow served summonses on two American reporters to appear in court tomorrow to answer unspecified charges, possibly involving articles they have written. Craig Whitney of the New York Times and Harold Piper of the Baltimore Sun were served with the summonses. [New York Times]
- The first Polish astronaut, along with a Soviet commander, soared into space aboard a new Soyuz craft. Soyuz 30 headed for a docking with the Salyut 6 space station, which is orbiting the earth and carrying out experiments. The Moscow radio announced the latest launching and said, "Both cosmonauts feel fine." [New York Times]
- In an Arctic navigation advance, a Soviet nuclear icebreaker has convoyed a cargo ship across the region two months ahead of the regular start of the brief summer shipping season and far north of the usual sea lane. The Russians aimed to show their growing capability to use the Arctic as a trans port route linking both ends of the Soviet Union. [New York Times]
- White missionaries in Rhodesia have been increasingly attacked, Since December 1976, 33 missionaries and members of their families have been slain by guerrilla forces, according to government officials and church leaders. The assaults have raised concern that the guerrillas may be picking out white missionaries in an effort to spur white emigration and thus sap the government's strength in the war. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 817.31 (+5.03, +0.62%)
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* |
| June 26, 1978 | 812.28 | 94.60 | 29.25 |
| June 23, 1978 | 823.02 | 95.85 | 28.53 |
| June 22, 1978 | 827.70 | 96.24 | 27.17 |
| June 21, 1978 | 824.93 | 96.01 | 29.11 |
| June 20, 1978 | 830.04 | 96.51 | 27.92 |
| June 19, 1978 | 838.62 | 97.49 | 25.50 |
| June 16, 1978 | 836.97 | 97.42 | 27.70 |
| June 15, 1978 | 844.25 | 98.34 | 29.28 |
| June 14, 1978 | 854.56 | 99.48 | 37.29 |
| June 13, 1978 | 856.98 | 99.57 | 30.76 |