News stories from Thursday October 21, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Voter turnout is viewed as the key to the outcome of the Nov. 2 elections. Republican and Democratic campaign managers and poll-takers report large blocs of undecided voters, sufficient to turn what are generally expected to be modest Democratic gains in the House into more significant gains if there is a late swing toward the Democrats. [New York Times]
- President Reagan pressed appeals for patience in the economically depressed farming region around Omaha, Neb. Addressing 8,000 applauding listeners at a rally for the re-election of Gov. Charles Thune, Mr. Reagan charged that the "voices of fear and doom" in the Democratic Party were threatening the chances of economic recovery. [New York Times]
- The Chrysler-auto workers deadlock over a new contract prompted leaders of the United Automobile Workers to schedule a referendum for members next week on whether to strike the company on Nov. 1. An alternative, which the leadership prefers, is to postpone any action until January in hopes that improved economic conditions would modify Chryslers' refusal to grant the first hourly wage increase in two and a half years. [New York Times]
- Charges against Roy Williams, the president of the Teamsters union, were outlined to a jury by federal prosecutors in Chicago. The bribery-conspiracy-fraud trial of Mr. Williams and four codefendants marks the latest effort by the Justice Department to uncover ties between organized crime and organized labor. [New York Times]
- A record back-pay award was won by 800,000 present and former employees of the United States Postal Service. A federal judge agreed they should receive a total of $400 million in compensation for the service's violations of the Fair Labor Standards Act from 1974 to 1978. [New York Times]
- Another bottle of poisoned capsules has been uncovered by the authorities investigating the deaths of seven Chicago-area residents from cyanide-laced Tylenol. The container was returned by a consumer whom investigators were trying to trace. [New York Times]
- Bess Truman was buried on a grassy hillside beside her husband after a brief and simple funeral at Trinity Episcopal Church in Independence, Mo., where they met and to which they returned after President Truman left office in 1953. The 145 invited guests and dignitaries included Nancy Reagan, Rosalyn Carter and Betty Ford. [New York Times]
- Newark (N.J.) Mayor Kenneth Gibson was acquitted of a conspiracy charge arising from a reputed "no-show" job held by a former Newark city councilman, but the jury could not reach a unanimous verdict on a charge of official misconduct, and the judge declared a mistrial on that charge. Former city council President Earl Harris was found not guilty of both charges by the jury, which had deliberated more than 12 hours. [New York Times]
- Direct Arab-Israeli talks are necessary to achieve a Middle East peace, according to a United States policy statement issued on the eve of a meeting between President Reagan and an Arab League delegation. The statement said: "We believe the time has come to stop talking about talking about peace, and start negotiating directly." [New York Times]
- An accord on curbing steel exports to the United States from Europe was reached by Washington and the Common Market. Under the three-year agreement, the Europeans will reduce steel shipments to about a million tons below the 1981 level, which totaled 6.5 million tons. [New York Times]
- The Nobel Prize for Literature was awarded to Gabriel Garcia Marquez, the author of "One Hundred Years of Solitude." The selection committee of the Swedish Academy likened the leftist 54-year-old Colombian novelist to Balzac and Faulkner. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1036.98 (+2.86, +0.28%)
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* |
| October 20, 1982 | 1034.12 | 139.23 | 98.68 |
| October 19, 1982 | 1013.80 | 136.58 | 100.85 |
| October 18, 1982 | 1019.22 | 136.73 | 83.79 |
| October 15, 1982 | 993.10 | 133.57 | 80.29 |
| October 14, 1982 | 996.87 | 134.57 | 107.50 |
| October 13, 1982 | 1015.08 | 136.71 | 139.80 |
| October 12, 1982 | 1003.68 | 134.44 | 126.30 |
| October 11, 1982 | 1012.79 | 134.47 | 138.53 |
| October 8, 1982 | 986.85 | 131.05 | 122.26 |
| October 7, 1982 | 965.97 | 128.80 | 147.08 |