News stories from Monday March 22, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Astronauts flew the space shuttle Columbia into orbit for the third time and, despite one troublesome component on board, project officials said that the huge spaceship showed every sign of being able to complete its full seven-day mission. More than 750,000 people observed the launching at Cape Canaveral, Fla. [New York Times]
- A sweeping deregulation bill is being considered again by the Senate. The legislation, which has 81 sponsors, would impose major curbs on the power of the independent regulatory agencies and reduce both the number and cost of new regulations. A similar bill has been approved by the House Judiciary Committee. [New York Times]
- Compromise on a wilderness bill was suggested by Interior Secretary James Watt in testimony punctuated by sharp exchanges with members of a House subcommittee. Mr. Watt said that Congress could take the lead in drafting legislation if it did not like the administration-sponsored measure to change the status of the federal wilderness system. [New York Times]
- A proposed immigration bill has evoked criticism because it would curb immigration by the half-American, half-Asian children born of United States servicemen. The Rev. Alfred Keane, a priest who has worked with them for 24 years, said "they endure scorn and ridicule because they look American." [New York Times]
- The criminal justice system "depends on a pervasive dishonesty by its participants," including a "cheat elite" of prominent judges and prosecutors who wink at distortion of evidence to put criminals in jail, and lawyers who pursue their own interests to the detriment of clients. The assertions are made in a manuscript by Alan Dershowitz, a Harvard law professor, civil libertarian and defender of controversial defendants. [New York Times]
- Yale University declined a $30,000 federal grant in a protest against a government rule that requires research recipients to account for the use of their time. Under the regulation, recipients must file "effort reports" that account by percentages for the time they devote to research, teaching, advising and other activities. [New York Times]
- Washington accused Moscow and its allies in Southeast Asia of having used toxins and chemical warfare agents in Laos, Cambodia and Afghanistan. The Reagan administration presented a 32-page report detailing evidence for its accusation that more than 10,000 people had died as a result of nearly 400 chemical warfare attacks carried out in the three countries since 1975. [New York Times]
- A Palestinian teenager was slain and two other Arabs were wounded as the Israeli army continued to use gunfire to suppress violent demonstrations throughout the West Bank. A general strike continued for a fourth day in protest over the government's ouster of an elected town council. [New York Times]
- Western Europe's economies have become closely knit as a result of the formation 25 years ago of the European Economic Community. But the Common Market's free internal trade and economic integration are now threatened by a revival of nationalism, spawned in part by the world recession against which the pact has provided no protection. [New York Times]
- Britain's race relations problem has been the subject of a bitter debate since the release last week of a report by Scotland Yard of robbery and other violent crimes committed in London last year. The statistics showed that blacks, who make up about 10 percent of London's population, committed 55 percent of these crimes. [New York Times]
- Increasing terrorism in Costa Rica is troubling officials of the Reagan administration who are preparing an aid package for that country. United States officials and Latin American diplomats believe that Costa Rica, which has long had a democratic government and no army since 1948, is vulnerable to rebellion. [New York Times]
- James Conkling resigned as director of the Voice of America. His departure follows a stormy 10-month tenure during which his effort to reorganize the agency met with deep resistance from career employees who accused him of trying to taint the Voice's journalistic integrity. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 819.54 (+13.89, +1.72%)
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* |
| March 19, 1982 | 805.65 | 110.61 | 46.24 |
| March 18, 1982 | 805.27 | 110.30 | 54.27 |
| March 17, 1982 | 795.85 | 109.08 | 48.89 |
| March 16, 1982 | 798.33 | 109.28 | 50.23 |
| March 15, 1982 | 800.99 | 109.45 | 43.37 |
| March 12, 1982 | 797.37 | 108.61 | 49.59 |
| March 11, 1982 | 805.56 | 109.36 | 52.95 |
| March 10, 1982 | 804.89 | 109.41 | 59.44 |
| March 9, 1982 | 803.84 | 108.83 | 76.06 |
| March 8, 1982 | 795.47 | 107.35 | 67.33 |