07 Jan 1980
Page 1
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 07, 1980
Page
1
In New Delhi Indira Gandhi and her Congress allies appear headed for a nationwide election victory. Results from 108 of 524 districts show 84 seats for Mrs Gandhi's Indira Congress Party and its allies, following her 19 month rule and voters’ GOP.
Rebels admitted Soviet forces inflicted heavy losses as diplomats in Pakistan reported continued battles in at least four Afghan areas. A rebel radio said guerrillas fighting communist rule for about 20 months suffered heavy casualties near Jalalabad, a town Soviet troops occupied last week.
Gold climbed to a record $673.16 an ounce in Hong Kong before ending at $653.61 as European prices fell from $645 to $635. The volatile market saw swings in both directions and analysts warned of a major shakeout after a four month doubling. The U.S. dollar traded lower overall.
President Carter signed the bill into law as Chrysler’s federal guarantees hinge on $462.5 million in wage concessions from hourly workers and $500 million in bank loans plus private help. The action comes at an afternoon ceremony and requires ongoing industry support.
American agribusiness reels from Carter's grain sale cuts to the Soviet Union. The domestic market braces for 17 million unexpected tons as the CFTC closes all wheat corn oats soybeans and related markets in Chicago Kansas City Minneapolis and Mid-America Grain Exchange for today and Tuesday.
Paychecks on the way as state leaders negotiate a drastic budget cuts package to save the Chicago school system serving 480,000 students. Gov. James R. Thompson aims to avert a shutdown with marathon talks and meetings with legislative leaders. Robert M. Healey says the Chicago Teachers Union accepted the plan after teachers voted to close schools if not paid. The district has 48,600 employees unpaid since Dec. 7 with missed paydays Dec. 21 and Friday.
Luther Rigby’s upset rumor circulates as locals joke about misheard news of Taco Bell arrival. The Laurens Street Philosopher laments detours as Crosland Park residents discuss a new roomie, a bird dog, after a vet visit. A joke about borrowing a car follows a recent licensing.
A early Sunday blaze in Horse Creek Valley gutted the Howard Field recreation building and washed away hundreds of sports items. Officials say arson caused the fire, with about 12 000 dollars of equipment ruined and no contents insurance, leaving local youth programs to start over.
President Carter seeks immediate Security Council action to punish Iran with economic sanctions after Tehran defies a UN deadline to free 50 American hostages. Waldheim cautions sanctions may be ineffective as the council debates timing amid a growing crisis.
Five non Security Council members circulated a draft resolution calling for immediate withdrawal of foreign troops from Afghanistan. The United States called the invasion dangerous and a terrible miscalculation. Ambassador Troyanovsky warned of a veto if the measure reached a vote. Eighteen members spoke, three communist nations defended the action.
The 1980 South Carolina General Assembly convenes in Columbia with a focus on budget and tax issues. Key topics include raising the personal income tax exemption, indexing income taxes to inflation, a possible shift to county funding for city services, and a higher homestead exemption backed by sales tax adjustments. Legislative salaries, budget projections, and plans for tax reform loom large as lawmakers tackle state revenue and spending.
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