News stories from Friday November 17, 1978
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The nation's affirmative action programs for minorities could be affected by Supreme Court hearings next month on lower court rulings containing strict numerical quotas. Los Angeles County, whose affirmative action program has opened its Fire Department to Mexican-Americans, challenged the lower courts. [New York Times]
- Casino gambling's defeat in Miami Beach is being hailed as a sign of Florida's coming of age rather than a setback for its economy. Gov. Reubin Askew, who led the casino opponents, said in an interview that the future of Miami was extremely bright and that the casinos would have been "counter-productive." [New York Times]
- A pollster charged that The Minneapolis Tribune "significantly altered" its pre-election data in favor of Democrats in preparing publication of its polls and has quit the paper. The Research Information Center of Phoenix said that the newspaper had adjusted the raw data for the three major statewide races in Minnesota -- for what it called technical reasons -- making it appear that the Democratic candidates had a better chance than the Republicans. On Election Day the state's Republicans swept all three races. [New York Times]
- William Kampiles was convicted of stealing a top-secret government document and selling it to a Soviet official for $3,000. He allegedly stole the document when he was a minor employee of the C.I.A. He had been indicted on four espionage-related offenses and two charges of theft. He faces a possible life sentence. [New York Times]
- Afghanistan's new government has moved decisively, some say irreversibly, into the Soviet orbit. Its rhetoric has become stridently Marxist, its foreign policy rigorously "anti-imperialist." Even the national flag has been changed to resemble the Soviet Union's. "Our fraternal and friendly ties with the Socialist camp are developing and expanding in a remarkable manner," Prime Minister Noor Mohammed Taraki said in an interview. [New York Times]
- Moscow tested a neutron weapon "many years ago" but never put it into production, Leonid Brezhnev told 12 American Senators visiting Moscow. He did not indicate whether the test had been successful. [New York Times]
- Egypt was termed "constructive" in its latest plan on linking an Egyptian-Israeli peace treaty to a solution of the Palestinian issue in a statement by Secretary of State Vance, who said that Washington was now awaiting Israel's response. [New York Times]
- The Iranian Army celebrated its 57th anniversary with a low-profile parade through Teheran and overflights by helicopters and jets. The Shah did not attend the parade, but palace sources denied there was any significance in his absence. [New York Times]
- A freighter with Vietnamese refugees off Port Kiang, Malaysia, remained anchored, critically short of water and medicine for the more than 2,500 exiles, while negotiations on their fate with the Malaysian government continued at an impasse.
Up to 2,500 Vietnamese boat refugees now in Malaysia would be admitted to the United States by the Carter administration, which is attempting to persuade the Malaysian government to grant safe haven to the 2,500 Vietnamese refugees stranded on a freighter off its coast. Attorney General Griffin Bell reportedly has told Secretary of State Cyrus Vance that he would make a "good faith effort" to admit the 2,500 beyond the quota set for the 12 months ending next April 30.
[New York Times]
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Stock Market Report
Dow Jones Industrial Average: 797.73 (+3.55, +0.45%)
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* |
| November 16, 1978 | 794.18 | 93.71 | 21.34 |
| November 15, 1978 | 785.60 | 92.71 | 26.28 |
| November 14, 1978 | 785.26 | 92.49 | 30.62 |
| November 13, 1978 | 792.01 | 93.13 | 20.96 |
| November 10, 1978 | 807.09 | 94.77 | 16.75 |
| November 9, 1978 | 803.97 | 94.42 | 23.33 |
| November 8, 1978 | 807.61 | 94.45 | 23.56 |
| November 7, 1978 | 800.07 | 93.85 | 25.32 |
| November 6, 1978 | 814.88 | 95.19 | 20.45 |
| November 3, 1978 | 823.11 | 96.18 | 25.99 |