This Day In 1970's History: Sunday January 27, 1980
- The hostages' release depends on the United States, which has the major responsibility for ending the crisis, Abol-hassan Bani-Sadr, Iran's Economic and Financial Affairs Minister, said at a news conference following his apparent overwhelming election Friday as Iran's first president. He said "when America decides to put aside its policy of expansionism and violating the sovereignty of other countries then it will be adopting correct policies for the solution to the crisis." [New York Times]
- United opposition by Islamic nations to the Soviet intervention in Afghanistan was urged by President Mohammad Zia ul-Haq of Pakistan, who addressed the opening session of an emergency meeting in Islamabad of Islamic foreign ministers. President Zia urged all the Islamic countries to demand the withdrawal of Soviet troops, and called for a collective defense arrangement to discourage further intervention in Islamic countries. [New York Times]
- A national sports festival might be sponsored by the United States Olympic Committee if the United States boycotts the Olympic Games in Moscow this summer. The proposal was approved by the committee's executive board in Colorado Springs. [New York Times]
- Saudi Arabia is raising the price of its light crude oil, for which the United States is its biggest customer, by $2 a barrel, or about 5 cents a gallon, according to oil industry sources in New York. The new price of $26 a barrel is an increase of more than 8 percent and will be retroactive to Jan. 1, the sources said. [New York Times]
- A consortium of utilities dropped plans to build four major nuclear power plants in northern Ohio. The four plants would have provided more than half of Ohio's nuclear generating capacity. The group said it decided not to go ahead with construction because of a smaller than expected growth in demand for electricity, steadily rising building costs and "intensified political and regulatory uncertainty" after the accident at Three Mile Island last March. [New York Times]
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