News stories from Monday August 10, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Several trans-Atlantic routes were temporarily shut down at six major airports by the Federal Aviation Administration in response to reports that Canadian air traffic controllers were refusing to handle flights in and out of the United States. After the three-hour shutdown, new routes were arranged, permitting a resumption of flights between the United States and Europe. The F.A.A.'s order was the most dramatic indication that the eight-day-old strike by 12,000 controllers was beginning to have some effect. Members of the Canadian controllers' union said they considered airspace over the United States to be unsafe. New York, Washington, Boston, Chicago, Philadelphia and Pittsburgh were affected. [New York Times]
- Confusion marked air travel across the Atlantic Ocean as international airlines and governmental aviation officials reacted to a report of action taken by Canadian air traffic controllers. In addition to the disruptions, almost all flights between the United States and Canada were grounded and some domestic and other international flights were delayed. [New York Times]
- The Canadian government threatened air traffic controllers, who refused to handle flights to and from the United States, with dismissal, heavy fines and jail terms. [New York Times]
- The Ogallala aquifer is being depleted by the growth of irrigated agriculture on the acrid High Plains, which has been transformed over the last three decades from a barren Dust Bowl landscape to one of the richest agricultural regions in the United States and the world. The steady depletion of the underground water formation, which stretches from south-central South Dakota down to eastern New Mexico, represents a crisis of national magnitude as it threatens not only a whole regional economy, but also the future of American agriculture. [New York Times]
- Touchy political issues were avoided by Vice President Bush, Attorney General William French Smith and other administration officials when they addressed the American Bar Association meeting in New Orleans. [New York Times]
- Neutron weapons are being produced and the United States will shortly have the capability of deploying them within a few hours of a decision to do so, Secretary of Defense Caspar Weinberger said. At a news conference, Mr. Weinberger declined to disclose how many warheads were being assembled or where, but other officials said that the weapons were being produced at a government plant near Amarillo, Tex. [New York Times]
- The Bonn government reacted to the Reagan administration's plan to proceed with the full production of neutron weapons with skepticism. The reaction reflected the belief, despite promises by President Reagan, that the weapon's only use is as an antitank weapon that could be deployed in central Europe. [New York Times]
- Fifty-seven French citizens left Iran and were greeted on their arrival in Paris by a low-key official reception and considerable relief. The French government had feared that they might be held as hostages. [New York Times]
- United States' planes protected President Anwar Sadat of Egypt when he flew to Khartoum, the Sudan, in May, the State Department has confirmed. President Sadat had feared that his Boeing 707 might be shot down by Libya. [New York Times]
- Transkei has gained little since 1976, when it became the first of South Africa's 10 tribal "homelands" to be formally granted independence. Despite its efforts to stand on its own feet, the black republic is poor, ostracized internationally and still dependent on its wealthy, white-ruled neighbor, South Africa. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 943.68 (+1.14, +0.12%)
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* |
| August 7, 1981 | 942.54 | 131.75 | 38.38 |
| August 6, 1981 | 952.91 | 132.64 | 52.07 |
| August 5, 1981 | 953.58 | 132.67 | 54.27 |
| August 4, 1981 | 945.97 | 131.18 | 39.47 |
| August 3, 1981 | 946.25 | 130.48 | 39.65 |
| July 31, 1981 | 952.34 | 130.92 | 43.47 |
| July 30, 1981 | 945.11 | 130.01 | 41.55 |
| July 29, 1981 | 937.40 | 129.16 | 37.61 |
| July 28, 1981 | 939.40 | 129.14 | 38.15 |
| July 27, 1981 | 945.87 | 129.90 | 39.61 |