News stories from Friday June 12, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Major league baseball players struck regular-season games for only the second time in history, after negotiations in an 18-month-old labor dispute with team owners failed. There was no way to determine how much of the season would be lost, but there were concerns that the baseball strike would be a long one. [New York Times]
- The deadline for budget cuts was met as fiscal leaders of the House and Senate reported that their rival versions of budget cuts, though differing in detail, met or exceeded President Reagan's goal of $36 billion in cuts next year by as much as $2 billion. [New York Times]
- The Environmental Protection Agency will undergo a major reorganization, including the elimination of its Office of Enforcement. Anne Gorsuch, ad-ministrator of the E.P.A., said responsibility for enforcement of federal anti-pollution laws would be divided among the divisions responsible for each program, including water and air pollution and toxic substances. She said the reorganization would improve the agency's ability to fulfill its "primary mission -- the protection of the nation's environment." But environmental groups said that it would result in far less effective enforcement. [New York Times]
- Opposing views on abortion were expressed by clergymen and theologians, prompting a key Senate supporter of a bill banning abortions to predict more hearings on the issue. [New York Times]
- Poland's economy faces "chaos," Prime Minister Wojciech Jaruzelski told members of the Polish Parliament, who also heard him promise a crackdown on opposition to the regime and acts against the Soviet Union. Mr. Jaruzelski also reshuffled his cabinet, as expected. [New York Times]
- Iraq assailed and Israel defended the Israeli attack on an Iraqi nuclear reactor on Sunday. Representatives of the two nations clashed in debate in the United Nations Security Council. [New York Times]
- Menachem Begin's lead expanded over the opposition Labor Party, according to a series of public opinion polls published in Jerusalem. The surveys were made before Sunday's attack. [New York Times]
- Italy and France had been apprised by the Reagan sdministration about its concern over their sending nuclear fuel and technology to Iraq for a nuclear reactor that was bombed by Israel, administration officials said. [New York Times]
- Concern over Poland and the bombing of the Iraqi nuclear reactor by the Israelis was voiced by Secretary of State Alexander Haig at a pre conference in Hong Kong. Mr. Haig, who was in Hong Kong for a rest stop on his way to Peking, spoke of the "seriously deteriorating" situation in Poland, in view of the Soviet Union's letter to that country's Communist Central Committee, and the setback to American diplomatic efforts in the Middle East caused by the bombing on Sunday. [New York Times]
- Abolhassan Bani-Sadr called for help against a coup that he said was under way to deprive him of the presidency of Iran and of his life. [New York Times]
- Pakistan may get F-16 fighter planes from the United States to offset the threat believed created by the Soviet intervention in Afghanistan, Reagan administration officials said. The administration's offer of 15 and possibly more F-16 fighters, among the nation's most advanced warplanes, was approved at a National Security Council meeting this week. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1006.28 (-1.14, -0.11%)
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* |
| June 11, 1981 | 1007.42 | 133.75 | 59.53 |
| June 10, 1981 | 993.88 | 132.32 | 53.20 |
| June 9, 1981 | 994.44 | 131.97 | 44.61 |
| June 8, 1981 | 995.64 | 132.24 | 41.57 |
| June 5, 1981 | 993.79 | 132.22 | 47.18 |
| June 4, 1981 | 986.74 | 130.96 | 48.94 |
| June 3, 1981 | 989.71 | 130.71 | 54.70 |
| June 2, 1981 | 987.48 | 130.62 | 53.93 |
| June 1, 1981 | 997.96 | 132.41 | 62.16 |
| May 29, 1981 | 991.75 | 132.59 | 51.58 |