News stories from Monday May 17, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Federal anti-sex discrimination rules must apply to employees as well as students in federally aided education programs, the Supreme Court ruled. The 6-to-3 decision resolved a long-standing uncertainty about the scope of one of the most important federal anti-discrimination laws, Title IX of the Education Amendments of 1972. The law provides for the cutoff of federal aid to any "education program or activity" that discriminates on the basis of sex. [New York Times]
- A check on federal judiciary powers is the aim of Reagan administration officials and many conservatives in Congress who believe that many judges have usurped the rights of elected officials to set social policies and run prisons and other institutions. Currently, 29 states are operating either individual institutions or entire prison systems under orders from federal judges who found prison conditions intolerable or unconstitutional. [New York Times]
- A defense psychiatrist's credibility was attacked by afFederal prosecutor at John W. Hinckley's trial. Roger Adelman, the prosecutor, said that Dr. John Carpenter, who testified last week that the defendant was insane when he shot President Reagan, had unwittingly helped the defendant to feign insanity by "planting ideas in his head" about the symptoms of schizophrenia. [New York Times]
- The Common Market extended its sanctions against Argentina for one week in retaliation for its seizure of the Falkland Islands. The vote, however, was not unanimous. Italy and Ireland disassociated themselves from the ban, but a spokesman for the Irish government said that Ireland would use its own means to prevent Argentine imports during the coming week. [New York Times]
- U.N. talks on the Falklands resumed after a two-day break. Sir Anthony Parsons, the British delegate, said he had returned from London "with instructions to continue the negotiations." Remarks by the Argentine envoy, Enrique Ros, were interpreted by diplomats as an indication that he had perceived a shift in Britain's stance. [New York Times]
- Renewal of the U.S.-Soviet arms talks proposed by President Reagan was supported by the foreign ministers of the members of the North Atlantic Treaty Organization at the opening of the alliance's spring meeting in Luxembourg. The major purpose of the meeting was to prepare for a meeting of the heads of government in the alliance next month in Bonn. [New York Times]
- Moscow sent an emissary to Poland and the Soviet news agency Tass described the visit by Konstantin Rusakov as "a friendly working visit." However, the timing suggested that Mr. Rusakov, a member of the Secretariat of the Soviet Communist Party's Central Committee who is in charge of liaison with allied Communist parties, has been assigned to assess the Polish situation and to symbolize the serious view that the Kremlin has of the renewed challenges to Polish authorities. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 845.32 (-12.46, -1.45%)
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* |
| May 14, 1982 | 857.78 | 118.01 | 49.90 |
| May 13, 1982 | 859.11 | 118.22 | 58.22 |
| May 12, 1982 | 865.77 | 119.17 | 59.21 |
| May 11, 1982 | 865.87 | 119.42 | 54.67 |
| May 10, 1982 | 860.92 | 118.38 | 46.30 |
| May 7, 1982 | 869.20 | 119.47 | 67.18 |
| May 6, 1982 | 863.20 | 118.68 | 67.54 |
| May 5, 1982 | 854.45 | 117.67 | 58.86 |
| May 4, 1982 | 854.45 | 117.46 | 58.72 |
| May 3, 1982 | 849.03 | 116.81 | 46.48 |