July 2, 1981 (Thursday)
- Iran hostage crisis: The United States Supreme Court ruled unanimously that then-President Jimmy Carter had acted within his authority when he agreed in the Algiers Accords to release frozen Iranian assets no later than July 19, in return for the release of 52 American hostages from Iran. The decision, made only 8 days after the Court heard arguments, cleared the way for $2.3 billion to be transferred from U.S. banks to Iran. Earlier on the same day, eight of the former hostages sued Iran in federal court, seeking $5,000,000 apiece, despite a waiver of the right to sue as part of the same accords.
Read more about this topic: July 1981
Famous quotes containing the word july:
“Children are as destined biologically to break away as we are, emotionally, to hold on and protect. But thinking independently comes of acting independently. It begins with a two-year-old doggedly pulling on flannel pajamas during a July heat wave and with parents accepting that the impulse is a good one. When we let go of these small tasks without anger or sorrow but with pleasure and pride we give each act of independence our blessing.”
—Cathy Rindner Tempelsman (20th century)