August 4, 1978 - Unemployment was up to 6.2% - an increase from 5.7% in June. And in direct contrast to today's drop of over 500 points, the Stock Market was going nutty with a dramatic rise of over 23 points during the week (in 1978 dollars, that was a big deal). President Carter was on the road selling his proposal to reform the Civil Service System. Secretary of State Cyrus Vance was on the road to the Middle East again, trying to keep the on-again/off-again peace talks going. Texas was getting deluged and there was flooding all over the state. In the UK, former Liberal Party leader Jeremy Thorpe was arrested on attempted murder charges. Something about Male models. Things were heating up big-time between Vietnam and Cambodia with skirmishes and fire fights heading into all-out war. And to top it all off, Southern California builders were going into hysterics over a shortage of cement.
On some days they just scratched for news. But this was what was going on this particular August 4th, via the CBS World News Roundup with Dallas Townsend.
