News stories from Friday April 10, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A new launching attempt for the space shuttle Columbia Sunday morning was being considered by space agency officials, but prospects were uncertain following a perplexing computer breakdown that postponed the orbital test flight today. Meanwhile, launching crews at the Kennedy Space Center at Cape Canaveral planned to keep Columbia ready for a flight at 6:50 A.M. on Sunday. Engineers found the computer problem that delayed Columbia's initial orbital voyage. Although they said they understood it, they were still unable to remedy the defect. [New York Times]
- President Reagan's hospital release was likely tomorrow if X-rays show that his wounded lung is recovering sufficiently, his doctors said. When the President returns to the White House he will probably be restricted to a half-time work day in about a week. [New York Times]
- Thousands of workers were dismissed last week from local government and community organization jobs across the country because of the Reagan administration's cutback in funds under the Comprehensive Employment and Training Act, which provides vocational training for the poor. It is one of the key federally aided programs the administration wants to drastically reduce. [New York Times]
- Mayor Kenneth Gibson of Newark will not face federal prosecution on charges of having violated income tax laws as a result of an inquiry into his 1974 campaign financing. His lawyer said Mr. Gibson had been notified by the Justice Department that it was closing its investigation and that the "case has been transmitted to the Internal Revenue Service." [New York Times]
- Boston closed three fire stations and all of the city's neighborhood police substations as efforts to solve the city's financial crises made progress in the courts, the city council and the state legislature. One possible source of help was a $75 million financial recovery plan completed by the council that would keep the city's schools open after next week, when the system's funds are expected to run out. However, it is believed that Mayor Kevin White will veto the plan because it would weaken his control over city finances. [New York Times]
- Poland's Prime Minister will resign, he said, if Parliament does not adopt alaw he has requested to suspend strikes for the next two months. In a tough and despondent nationally televised address to Parliament, Prime Minister Wojciech Jaruzelski said the strike ban was necessary because of the country's political upheaval and its poor economic situation. A strike suspension would "bring social peace and douse the flames of new conflicts," he said. [New York Times]
- A leader of the Irish Republican Army who is serving a 14-year prison sentence in Northern Ireland for firearms violations was elected to the British Parliament. Robert Sands, a 27-year-old Catholic, defeated Harold West, a 63-year-old Protestant Unionist, in a by-election in a largely Catholic rural district in Northern Ireland that includes County Fermanagh and part of County Tyrone. Mr. Sands, on a hunger strike to enforce demands for status as a political prisoner, is in a prison hospital ward. [New York Times]
- Syrian troops and Christian militias fought each other in the eastern Lebanese town of Zahle, ending the 18th cease-fire ordered by President Elias Sarkis since the current round of fighting began on April 2. The fighting followed an extensive Israeli air and ground attack on Palestinian strongholds in southern Lebanon. The Christian militias were accused of aiding Israel in planning the attack. [New York Times]
- The Polish-Soviet confrontation has been exacerbated by statements by government officials in the United States and Western Europe, Yugoslav officials say. They believe that if the Soviet Union was going to intervene in Poland it would have done so. Although they say the possiblity of intervention remains, reason has prevailed, at least for the time being. [New York Times]
- The United States did not sign a treaty at the United Nations that protects civilians from napalm, land mines and booby traps. Officials of 35 nations, including the Soviet Union and most of its Warsaw Pact allies, signed the treaty, which was worked out over a two-year period in Geneva. American officials said they do not necessarily oppose the treaty but wish to review foreign policy issues approved by previous administrations. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1000.27 (+1.44, +0.14%)
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* |
| April 9, 1981 | 998.83 | 133.92 | 59.54 |
| April 8, 1981 | 993.43 | 134.31 | 48.04 |
| April 7, 1981 | 992.89 | 133.91 | 44.54 |
| April 6, 1981 | 994.24 | 133.93 | 43.11 |
| April 3, 1981 | 1007.11 | 135.49 | 48.68 |
| April 2, 1981 | 1009.01 | 136.32 | 52.57 |
| April 1, 1981 | 1014.14 | 136.57 | 54.89 |
| March 31, 1981 | 1003.87 | 136.00 | 50.97 |
| March 30, 1981 | 992.16 | 134.28 | 33.49 |
| March 27, 1981 | 994.78 | 134.65 | 46.93 |