Friday December 1, 1978
. . . where the 1970s live forever!

News stories from Friday December 1, 1978


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • The 1980 presidential primary campaign in New Hampshire got off to an early start with the gathering of leading national Republicans who went there to court the favor of Gordon Humphrey, the airline pilot and conservative Republican who unexpectedly unseated Senator Thomas McIntyre in last month's elections. Senators Howard Baker Jr. of Tennessee, Robert Dole of Kansas and Orrin Hatch of Utah were among the out-of state party leaders at a dinner given to help Mr. Humphrey repay a $120,000 campaign debt. [New York Times]
  • Taped radio spots have been prepared by the White House to help the Carter administration get its message across to the public. The tapes will be provided free of charge to 600 radio stations around the country beginning Monday. [New York Times]
  • More than 56 million acres of Alaska's federal lands were put under the protection of the National Park system by President Carter, protecting them from mineral or oil developers forever or until Congress permits development of some of them. This acreage and an additional 54 million acres were given protected status two weeks ago by Secretary of the Interior Cecil Andrus, but for only a three-year period, under a provision of the Bureau of Land Management Organic Act. Mr. Carter invoked the Antiquities Act of 1906, which gave the 56 million acres national monument status. [New York Times]
  • A strongly worded defense was issued by the State Department of its actions relating to the People's Temple community in Guyana and those of the American Embassy in Georgetown. Thomas Reston, a department spokesman, said that it was "absolutely clear from the record" that the department and the Embassy had "discharged their responsibilities fully and conscientiously" within the limits imposed by law and constitutional guarantees of the right of privacy.

    A Guyanese lawyer charged that about half of the more than 70 surviving members of the People's Temple cult were being unlawfully detained in Guyana. The lawyer, who is representing two of the cult's members who are accused of murder, said that more than 40 Temple members under house arrest must be released under the provisions of Guyana's Constitution. [New York Times]

  • Egypt's latest peace proposals for concluding a treaty with Israel were received by President Carter, and it was announced later that that the stalled talks would start again at an unspecified date. The announcement followed a meeting at the White House of Mr. Carter, Prime Minister Mustafa Khalil of Egypt and Secretary of State Cyrus Vance.

    Whether Israel should reopen its stalled peace negotiations with Egypt was reportedly being discussed by Prime Minister Menachem Begin with his senior aides. A decision is expected from the cabinet when it holds its regular weekly session on Sunday. [New York Times]

  • China's leaders made a show of unity in a public appearance in Peking in what seemed to be an attempt to quiet political unrest in which wall posters criticizing the late Mao Tse-tung as well as current leaders had a major role. [New York Times]
  • Jessica Kats's health has apparently been good since last spring when Americans began trying to get her and her parents out of the Soviet Union so she could have medical treatment in the United States, according to leaders of the principal organization working on behalf of the family. An official of the group said the child had been gravely ill from a digestive disorder but had made a dramatic recovery after getting special food brought to her family by American tourists. The Kats family is now in Boston. [New York Times]
  • The second most hated man in Uganda is a British-born middle-aged "major" with a salt-and-pepper mustache, a cockney accent and a shadowy past. He is Robert Astles, called "Mr. Bob." Said to be President Idi Amin's chief spy, he helped establish a state agency that has killed thousands of government opponents. [New York Times]
  • President Nicolae Ceaucescu appealed for "socialist unity" -- in an apparent conciliatory gesture to the Soviet Union -- as he restated Rumania's opposition to Moscow's demands for increased military spending and for closer integration of Warsaw Pact commands. He did not, however, abandon any of the positions that caused a new strain in Rumanian-Soviet relations. [New York Times]


Stock Market Report

Dow Jones Industrial Average: 811.50 (+12.47, +1.56%)
S&P Composite: 96.28 (+1.58, +1.67%)
Arms Index: 0.63

IssuesVolume*
Advances1,29321.98
Declines2702.89
Unchanged3271.96
Total Volume26.83
* in millions of shares

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
DateDJIAS&PVolume*
November 30, 1978799.0394.7019.90
November 29, 1978790.1193.7521.16
November 28, 1978804.1495.1522.74
November 27, 1978813.8495.9919.79
November 24, 1978810.1295.7914.59
November 22, 1978807.0095.4820.01
November 21, 1978804.0595.0120.76
November 20, 1978805.6195.2524.44
November 17, 1978797.7394.4225.17
November 16, 1978794.1893.7121.34


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