News stories from Monday December 14, 1981

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

Polish workers mounted strikes throughout the country in defiance of martial law as military leaders tightened their hold. Clandestine information services of Solidarity reported strikes and worker resistance in factories, shipyards, steel mills, coal mines and even academic institutions in Warsaw and all other major cities and regions. Lech Walesa, Solidarity's leader, who was technically not detained by police, was said by government officials to be in a goverment rest house. [New York Times] A suspension of American aid to Poland has been ordered by the Reagan administration as a sign of disapproval of the crackdown. A scheduled $100 million assistance program is being postponed. American influence will be used to prevent the crackdown in Poland from becoming permanent, according to a senior State Department official. He said the Reagan adminstration would coordinate diplomatic and economic actions with its allies. Western European leaders appealed to all countries to allow Poland to solve its problems without outside interference. [New York Times] The first official Soviet comment on the weekend's events in Poland termed them "an internal matter." The statement, issued by the government's press agency Tass, asserted that any other interpretation implying Soviet manipulation of the crackdown amounted to an attempt to interfere in Poland's affairs. [New York Times] A split decision on Social Security was agreed upon by House and Senate conferees. Under the accord, the minimum benefit of $122 a month would be continued for all retired people who now receive it and those who become eligible before Jan. 1, but no one who retires after then would qualify. Both chambers of Congress are expected to ratify the action this week. [New York Times] A military appropriation of about $200 billion for the current fiscal year was agreed upon by House and Senate negotiators. That is less than $1 billion below President Reagan's request last September. [New York Times] A key shift in nuclear regulation is taking place nearly three years after the nation's worst nuclear accident at the Three Mile Island power plant in Pennsylvania. The Nuclear Regulatory Commission, according to specialists, is pressing to transform itself from a passive monitor of nuclear power into a tough-minded regulator of quality and safety. [New York Times] College "financial assistance" would be redefined under a proposal by fed eral education officials. They say that hundreds of smaller colleges should not be required to comply with federal civil rights laws merely because they have students who receive direct payments under the guaranteed student or parent loan programs. However, Justice Department officials say that the plan could not be successfully defended in court. [New York Times] Israel annexed the Golan Heights under a measure pushed through the cabinet and Parliament by Prime Minister Menachem Begin. The strategically sensitive zone along the Syrian border had been under military occupation by Israel since the 1967 Israeli-Arab war. Washington opposed Israel's action on the Golan Heights as being contrary to the Camp David peace accords. Reagan administration officials said they had been given no warning that Israel would declare jurisdiction over the area. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 871.48 (-15.03, -1.70%)
S&P Composite: 122.78 (-2.15, -1.72%)
Arms Index: 1.03

	Issues	Volume*
Advances	243	6.04
Declines	1,373	35.20
Unchanged	350	3.50
Total Volume		44.74

* 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
Date	DJIA	S&P	Volume*
December 11, 1981	886.51	124.93	45.84
December 10, 1981	892.03	125.71	47.02
December 9, 1981	888.22	125.48	44.80
December 8, 1981	881.75	124.82	45.14
December 7, 1981	886.99	125.19	45.72
December 4, 1981	892.69	126.26	55.04
December 3, 1981	883.85	125.12	43.77
December 2, 1981	882.61	124.69	44.50
December 1, 1981	890.22	126.10	53.99
November 30, 1981	888.98	126.35	47.57