News stories from Wednesday December 30, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Washington was largely isolated in its imposition of sanctions against Moscow for the martal law crackdown in Poland. No NATO ally expressed support for the decision, and a West German official made clear that short of a Soviet invasion of Poland there was little likelihood that Bonn would go along with any Western actions against the Soviet Union. [New York Times]
- President Reagan was accused by the Soviet press agency Tass of seeking a restoration of "the dark times of the cold war." [New York Times]
- The Pope deplored the crackdown in Poland in strong terms. Speaking at an audience in the Vatican, John Paul II expressed "anxiety" and "trepidation" over the fate of his countrymen and especially those who have been arrested and interned. [New York Times]
- The United States accused Moscow of "heavily jamming" the Voice of America's Polish-language broadcasts to Poland. The State Department made the charge in an effort to underscore Moscow's role in the imposition of martial law in Poland. The Reagan administration stepped up efforts to persuade American allies of its contention that the Kremlin is largely responsible for the crackdown. [New York Times]
- Disarray in the Communist Party in Poland has followed the ascendency of the military government, according to information arriving from Warsaw. As a result, the reports said, Gen. Wojciech Jaruzelski, the leader, has set up at least three groups to present proposals for social, economic and political reform. Each group is headed by a prominent party leader and each represents a potentially rival faction. [New York Times]
- A new round of air fare cuts on some of the major routes linking the Northeast and Midwest with Florida was set off by Air Florida. The new fares reduce the cost of a flight between New York and Miami to $107 on weekdays and $127 on weekends, effective Jan. 6. Most major carriers immediately matched the lower prices. [New York Times]
- A federal judge denied wrongdoing and his 11 colleagues on the federal district bench in Miami disqualified themselves from participation in his trial. The accused judge, Alcee Hastings, was indicted Tuesday on charges of bribery-conspiracy and obstruction of justice. [New York Times]
- Concessions by the Teamsters' union on wages and work rules are likely to be part of a contract settlement expected to be reached soon between the union and the financially ailing trucking industry, according to knowledgeable sources. They said that the union negotiators would probably accept very modest pay increases over the next 39 months. [New York Times]
- Jean Harris was rebuffed in her appeal for a new trial in the murder of Dr. Herman Tarnower last year at his home in Purchase, N.Y. In a 5-0 ruling, the justices of the Appelate Division of the state Supreme Court said that although Mrs. Harris "did not receive a perfect trial, she received an eminently fair one." She is serving 15 years to life in prison. [New York Times]
- A Ukrainian boy lost a legal round as an Illinois appeals court ruled that the state should not have intervened in his case. The issue involves Walter Polovchak, 14, who ran away from his parents in Chicago rather than go back with them to the Ukraine. There was disagreement on the impact of the decision, which his lawyers said would be appealed. [New York Times]
- Increased consciousness about grades and getting jobs and being accepted by graduate schools have been observed on college campuses for several years. Many students, faculty members and administrators say that the trend has accelerated since last fall, producing a more strait-laced, conservative freshman class. [New York Times]
- A schedule for Turkish democracy was announced by Gen. Kenan Evren, the junta leader. Pending completion of a constitution, elections are to be held in the fall of 1983 at the earliest or the spring of 1984 at the latest. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 873.10 (+4.85, +0.56%)
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* |
| December 29, 1981 | 868.25 | 121.67 | 35.24 |
| December 28, 1981 | 870.34 | 122.27 | 28.31 |
| December 24, 1981 | 873.38 | 122.54 | 23.94 |
| December 23, 1981 | 869.67 | 122.31 | 42.90 |
| December 22, 1981 | 871.96 | 122.88 | 48.32 |
| December 21, 1981 | 873.10 | 123.34 | 41.31 |
| December 18, 1981 | 875.76 | 124.00 | 50.95 |
| December 17, 1981 | 870.53 | 123.12 | 47.22 |
| December 16, 1981 | 868.72 | 122.42 | 42.37 |
| December 15, 1981 | 875.95 | 122.99 | 44.13 |