News stories from Friday June 18, 1982

Summaries of the stories the major media outlets considered to be of particular importance on this date:

The civil rights movement was bolstered in the Senate. In a decisive show of support, it adopted a bill extending a critical section of the 1965 Voting Rights Act for 25 years. The legislation would also make it easier for minority voters to prove racial discrimination. [New York Times] The prosecution rested its case in the trial of John W. Hinckley and the jury began deliberating. In his charge to the jury in federal district court in Washington, Judge Barrington Parker explained that the government had the burden of proving beyond reasonable doubt the defendant's sanity when he shot President Reagan and three other men March 30, 1981, as well as his guilt in the 13 counts in the indictment against him. [New York Times] The U.S. illegal-alien detention policy under which 1,910 Haitians are being held was declared voided by a federal district judge in Miami, who ruled that the government made procedural errors when it adopted the policy. Lawyers for the Haitians said they expected that their clients would be paroled in a week or two. [New York Times] A ruling on mentally retarded people in state institutions by the Supreme Court declared that they are constitutionally entitled to safe conditions,. freedom from unreasonable physical restraint and at least "minimally adequate" training in caring for themselves. The decision was regarded by advocates for the retarded as an important legal victory. [New York Times] "Total cessation of hostilities" with Britain would be reached only when Britain withdraws its forces from the Falklands, lifts its blockade of the Argentine coast and ends its economic sanctions, Argentina said in responding through the Security Council of the United Nations to British demands for a formal pledge to end all hostilities. [New York Times] Britain will repatriate most Argentine prisoners of war captured in the Falklands. Under an agreement with Argentina, two British ships will take 6,000 of the more than 10,000 Argentine troops to Puerto Madryn. Argentina is sending two hospital ships to the Falklands to bring home wounded and sick prisoners of war, a British spokesman said. [New York Times] Talks with Lebanese political leaders were held in Beirut for the fourth day by Philip Habib, the American special envoy, in an attempt to find a political solution to the situation created by the Israeli invasion. They ended inconclusively. It was the quietest day since the fighting began June 8. The Palestinians seemed to be using the respite to improve their defensive positions. [New York Times] Two-thirds of the members of the United Nations General Assembly either walked out or boycotted a speech by Prime Minister Menachem Begin of Israel at the special session on disarmament. Mr. Begin said wars of self-defense were "the noblest concept of mankind." [New York Times] A ban on American exports of oil and gas equipment to the Soviet Union was extended by President Reagan to foreign companies producing such equipment under American licenses. The decision is a major rebuff to West European allies. A statement released by the White House said that the action was taken "to advance reconciliation in Poland." [New York Times] Financing a protracted nuclear war would lead into a "bottomless pit," Gen. David Jones said in an interview as he retired as Chairman of the Joint Chiefs of Staff. He expressed skepticism over the Reagan administration's policy of preparing for such a war. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 788.62 (-2.86, -0.36%)
S&P Composite: 107.28 (-0.32, -0.30%)
Arms Index: 0.84

	Issues	Volume*
Advances	453	16.29
Declines	933	28.15
Unchanged	456	9.36
Total Volume		53.80

* in millions of shares

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 17, 1982	791.48	107.60	49.23
June 16, 1982	796.90	108.87	56.28
June 15, 1982	801.27	109.69	44.97
June 14, 1982	801.85	109.96	40.10
June 11, 1982	809.74	111.24	68.61
June 10, 1982	798.71	109.61	50.93
June 9, 1982	795.57	108.99	55.77
June 8, 1982	802.23	109.63	46.82
June 7, 1982	804.03	110.12	44.63
June 4, 1982	804.98	110.09	44.11