News stories from Tuesday October 19, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- John DeLorean was arrested by F.B.I. agents in Los Angeles and charged with possession of cocaine he sought to sell in a last-ditch attempt to rescue his failing company. Hours earlier, Britain announced it was closing the DeLorean Motor Company in Northern Ireland, ending an eight-month struggle to find a buyer. F.B.I. officials said Mr. DeLorean was "the financier" in a ring that intended to distribute 220 pounds of cocaine, worth $24 million, for street sale in southern California. [New York Times]
- Broad changes in water quality rules are to be proposed by the Environmental Protection Agency, which says the changes are designed to give the states more flexibility in meeting the goals of the Clean Water Act. Environmental groups say the proposals mark a big step back from the goal, established by the Clean Water Act, of restoring the nation's "fishable, swimmable" waters. [New York Times]
- Republican strategists are afraid to bring President Reagan back to California for final campaigning because they fear his presence would drive more Democrats than Republicans to the polls. A senior strategist said : "He has polarized and activated the Democrats." Attitudes toward Mr. Reagan, he said, make "the Democratic coalition look stronger than it has since the Depression." [New York Times]
- Another major influx of illegal aliens is threatened in south Florida as Bangladeshi refugees begin to enter the illegal pipeline from the Caribbean. At least 400 Bangladeshis have been smuggled into the United States through Florida. [New York Times]
- A nationwide manhunt continued for a Missouri man accused of attempted extortion in the poisoned Tylenol inquiry. Meanwhile, technicians using computers and other photographic enhancement techniques sought to link the suspect through a drugstore camera picture to the seventh victim of the cyanide poisonings. [New York Times]
- More peacekeepers in Lebanon are sought by President Amin Gemayel, according to a senior State Department official. He said the Lebanese leader had asked President Reagan to consider expanding the size and scope of the international force, which includes 1,200 Marines, to help bring about an early withdrawal of Israeli, Syrian and Palestinian forces. Mr. Reagan, the official said, agreed to give "serious consideration" to the request. [New York Times]
- Israel's Parliament approved the government's tough stand on limited autonomy for the Palestinian Arabs of the West Bank and the Gaza Strip, along with the leadership's avowed intention not to relinquish control of the territories. The 56-50 vote of approval followed two days of debate. [New York Times]
- An economic crisis in Rumania shows no signs of easing, but the position of President Nicolae Ceausescu appears unshaken after a repressive rule of almost 20 years. He recently dismissed a wide variety of subordinates, accusing most of them of corruption and incompetence. [New York Times]
- Paris-Bonn military ties are under discussion. French officials say the consultations may lead to new tactics, joint production of weapons and perhaps a thinning of French forces stationed in West Germany. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 1013.80 (-5.42, -0.53%)
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 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 |
| October 6, 1982 | 944.26 | 125.97 | 93.57 |
| October 5, 1982 | 907.19 | 121.98 | 69.77 |