News stories from Monday June 21, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- John W. Hinckley was cleared by reason of insanity on all 13 charges arising from his shooting of President Reagan and three other men on March 30, 1981. The verdict, after 24 hours of deliberation over four days, stunned the spectators in the packed courtroom and appeared certain to bring new calls for abolition of the insanity defense. Mr. Hinckley will almost certainly be sent to a Washington mental hospital. It was not clear when, if ever, he could be released. [New York Times]
- Raymond Donovan, in his first extensive response since he became Labor Secretary to reports that he had ties to organized crime figures, said he had been victimized by "vicious attacks" and declared he did not plan to resign. A special federal prosecutor is investigating Mr. Donovan, and officials of the Reagan administration continued to express private reservations about him. [New York Times]
- Civil rights sults were facilitated by the Supreme Court, which ruled that individuals may sue state and local officials and agencies directly in federal courts. Voting 7 to 2, the Justices overturned a decision by a federal appeals court requiring "exhaustion of state administrative remedies" before a plaintiff could bring suit in federal court under the Civil Rights Act of 1871. [New York Times]
- Hopes for the equal rights plan dimmed further as the Florida Senate rejected it by a vote of 22 to 16. The proposed amendment will not become part of the Constitution unless three more states ratify it in the next eight days. The proposal has not been approved by any state since Indiana did so in 1977. [New York Times]
- The space shuttle is ready for its fourth and final test flight. The launching from Cape Canaveral, Fla., is set for Sunday. It will be the first manned American space flight that will carry out specific military experiments. [New York Times]
- Restoration of the death penalty for some types of murder is set in New Jersey. After four hours of emotional debate, the state Assembly approved reinstatement of the penalty by a vote of 54 to 19. The state Senate has approved a similar measure, and Governor Kean has said he will approve the legislation. [New York Times]
- American and Israeli positions on long-range objectives in Lebanon appeared close after three hours of talks between President Reagan and Prime Minister Menachem Begin. The two leaders agreed that all foreign troops, including Israeli and Syrian forces, should be withdrawn from Lebanon as part of a long-term solution guaranteeing Israel from attack from Lebanese soil. The administration voiced no public criticism of Israel's invasion of Lebanon. [New York Times]
- Israeli forces bombarded Palestinian camps and civilian neighborhoods in the western half of Beirut while Israeli and Syrian troops traded fire along the Beirut-Damascus highway. Police sources said that seven persons had been killed and 55 injured in the shelling, which damaged the Soviet Embassy compound. [New York Times]
- The Princess of Wales gave birth about 10 days earlier than expected to her first child, a son. Throngs drank champagne and rejoiced throughout Britain. Earl Spencer, the new Prince's maternal grandfather, said that "Diana is very well, and so is the baby" after a 13-hour labor. [New York Times]
- Military leadership in Argentina is being strongly opposed by many Argentines, including leaders of the air force and the navy. An air force spokesman said its high command had threatened not to support a government headed by an army officer in what appeared to be a growing rift within the military junta. [New York Times]
- Iran vowed to continue the war with Iraq even if Iraqi forces complete a promised withdrawal from Iranian territory. But the consensus in Damascus is that Iraq's promise has reduced the likelihood of an Iranian invasion of Iraq, at least for the immediate future. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 789.95 (+1.33, +0.17%)
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 18, 1982 | 788.62 | 107.28 | 53.80 |
| 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 |