News stories from Wednesday March 24, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A budget compromise appeared more likely as White House officials said that President Reagan, in a shift, had authorized his aides to begin talks with Democratic congressional leaders. However, the officials cautioned that Mr. Reagan had not authorized his emissaries to offer any concessions in his plans to increase military spending and continue the three-year tax cut enacted last year. [New York Times]
- The Columbia astronauts, beset by fatigue and spells of nausea, reduced their work pace as the space shuttle continued to be troubled with mechanical failures. The problems forced Mission Control officials in Houston to revise today's flight plan, eliminating a test of the lifting ability of the robot arm, and deferring another test until tomorrow. [New York Times]
- Curbs on the regulatory agencies were approved by the Senate in a vote of 94 to 0. Passage of the bill designed to curb the power of the agencies and to reduce both the number and cost of new regulations refects a congressional view that the regulators have often exceeded their mandate and defied the intent of Congress. [New York Times]
- No funds to employ the elderly are sought by the Reagan administration. Despite strong protests in Congress, a high Labor Department official indicated that the administration would continue to press for the elimination of a job program for about 55,000 elderly Americans. [New York Times]
- Several anecdotal accounts of fraud involving food stamps recounted by President Reagan have not been documented by Agriculture Department officials. Acknowledging the lack of documentation, the officials also said that, despite the President's concern about waste and fraud in government, they were not yet enforcing some anti-fraud provisions of laws passed in the last two years. [New York Times]
- The Minneapolis Star will be merged with its morning competitor, The Minneapolis Tribune, the publisher of the jointly-owned newspapers announced. The Star, like other afternoon papers that concentrate on a base city and nearby communities, has been losing readers to suburban competitors, television and other activities. [New York Times]
- The most advanced prison in the nation, the $31.8 million Minnesota Correctional Facility 18 miles west of St. Paul, is considered by many experts to be a prototype for the future. The factliity is a trapezoidal-shaped, electrically operated complex with 330,000 square feet of concrete, steel and bulletproof glass. [New York Times]
- A crackdown in Guatemala one day after a coup surprised many people who had expected the new military leaders to form an interim government with civilian politicians and to set speedy elections. The junta of three senior military officers who seized power Tuesday suspended the Constitution and all political activities. [New York Times]
- Abuses by Salvadoran security forces appear to be diminishing a bit, but many of the traditional excesses are continuing. Much of the international opposition to the ruling junta arises from its general failure to curb the killing of non-combatants by security forces and the paramilitary death squads linked with them. [New York Times]
- United States-Cuban contacts have been reported by European diplomats. They said that Secretary of State Alexander Haig had made contact with both Cuban and Nicaraguan officials in anticipation of negotiations with Nicaragua and leftist forces in El Salvador. [New York Times]
- Three more Palestinians were killed in the West Bank and Gaza. In the West Bank, an Israeli army spokesman said, one Arab was fatally shot after he stabbed and wounded an Israeli border policeman, and a second Palestinian was killed by Jewish settlers whose car had been stoned. The spokesman said the third Arab was killed in a demonstration in the Gaza town of Khan Yunis. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 823.34 (-3.33, -0.40%)
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 23, 1982 | 826.67 | 113.55 | 67.12 |
| March 22, 1982 | 819.54 | 112.77 | 57.61 |
| 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 |