News stories from Wednesday August 12, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Trans-Atlantic air travel resumed after air traffic controllers in Canada ended their boycott of flights to and from the United States in return for a government inquiry into their charge that the walkout of 12,000 American controllers Aug. 3 had reduced air safety. With the resumption of work by the Canadian controllers, the American strikers lost their most effective outside support. Canadian air traffic controllers returned to work in full force after marathon negotiations with the government resulted in agreement in the pre-dawn darkness. [New York Times]
- The F.A.A.'s airways safety plan, which was prepared more than 18 months ago, has made the airways system at least as safe as it normally is, airline executives and many pilots agree. However there is some concern that in time, fatigue may affect the controller's alertness. [New York Times]
- The finances of the controllers' union were examined in Federal District Court in Brooklyn as a lawyer for the nation's airlines sought to show that the union had close to $3 million in assets that could be used to pay court-ordered penalities. [New York Times]
- For those on strike, this is a time of showing a stiff upper lip while coping with rising anxiety over shrinking bank balances and trying to reassure wives and children that everything will be all right, when they themselves are beginning to wonder. [New York Times]
- Sex discrimination regulations that protect women from sexual harassment on the job and from discrimination in collegiate athletics may be abolished by the Reagan administration, which is reviewing them and other regulations. [New York Times]
- A general court-martial will be convened to hear the case of Lt. Christopher Cooke, the Air Force has announced. Mr. Cooke is the missile base officer who has been accused of passing sensitive data to the Soviet Union's embassy. [New York Times]
- Lee Marvin, the actor, does not have to pay $104,000 to Michelle Triola Marvin, a former singer who lived with him for six years, a California Court of Appeals has ruled. The decision, which struck down a Superior Court ruling ordering the payment, will be appealed, Miss Marvin's lawyer said. [New York Times]
- Chemical contamination of water represents a national problem of a still undetermined but potentially vast magnitude. Pesticides and herbicides, industrial discharges and toxic wastes have found their way into the nation's water supply. [New York Times]
- An appeal to halt strikes in Poland over food shortages and ration cuts was made by the independent union Solidarity to its branches and supporters. While the appeal represented a retreat from a confrontation with authorities, the decision to halt three weeks of protests also appeared to be a victory for the union's leadership and a test of whether it is in control of the grassroots protest movement. [New York Times]
- Zbigniew Brzenzinski, the national security adviser to President Carter, told reporters that the United States should undertake talks with the Palestine Liberation Organization. [New York Times]
- Colombian-Cuban relations were severed after Colombia learned that Cuban had been training guerrillas to fight in Colombia. Colombia has expelled all Cuban diplomats, recalled its representatives from Havana and is shifting its policies to help combat Havana's initiatives in the hemisphere. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 945.21 (-4.09, -0.43%)
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* |
| August 11, 1981 | 949.30 | 133.85 | 52.59 |
| August 10, 1981 | 943.68 | 132.54 | 38.37 |
| August 7, 1981 | 942.54 | 131.75 | 38.38 |
| August 6, 1981 | 952.91 | 132.64 | 52.07 |
| August 5, 1981 | 953.58 | 132.67 | 54.27 |
| August 4, 1981 | 945.97 | 131.18 | 39.47 |
| August 3, 1981 | 946.25 | 130.48 | 39.65 |
| July 31, 1981 | 952.34 | 130.92 | 43.47 |
| July 30, 1981 | 945.11 | 130.01 | 41.55 |
| July 29, 1981 | 937.40 | 129.16 | 37.61 |