News stories from Monday November 9, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A shift in a revenue-raising plan was announced by Treasury Secretary Donald Regan. He said that the ad-inistration had dropped its plan to ask Congresss for an additional $3 billion of revenue in the 1982 fiscal year, which began Oct. 1. He also indicated that requests for new revenue in later fiscal years would be delayed. [New York Times]
- No increases in welfare spending to compensate for federal budget cuts will be made by Tennessee, Arkansas and Mississippi, officials of the three states told a congressional hearing. They charged that new income-limitation rules were causing many of the poor not to seek work. [New York Times]
- No "official" C.I.A. involvement occurred in the activities of two former agency employees, Edwin P. Wilson and Frank Terpil, the agency said. The two have been charged with illegally shipping explosives to Libya as part of a terrorist training program. A spokesman for the agency declined to elaborate on its 200-word statement or to answer other questions. [New York Times]
- The White House press secretary, James Brady, made his first prolonged public appearance since he was wounded March 30 in the assassination attempt against President Reagan. Although Mr. Brady's left side is partly paralyzed because of his grave brain injury, he appeared otherwise fit and characteristically ad-libbed quips at a ribbon cutting for the redecorated White House press room. [New York Times]
- An important constitutional test of the consequences of organized boycotts as tools for achieving political and social change was set by the Supreme Court. The Justices agreed to hear an appeal by the N.A.A.C.P. from a ruling by the Mississippi Supreme Court. If held the civil rights organization and 91 individuals financially liable for losses incurred by white-owned businesses during a boycott in Port Gibson, Miss., in the late 1960's. [New York Times]
- Latins may have more political power in Miami than ever before because of large voter registration drives. The Hispanic-Americans make up the largest group of Miami voters for the first time, and they are believed to have an excellent chance today of electing a majority of the five members of the city commission, including the Mayor. [New York Times]
- Thomas Kean continued to hold a narrow lead over Representative James Florio, his Democratic opponent in the race for Governor of New Jersey. With 19 of the state's 21 counties reporting official tallies, the Republican candidate had a 1,732 vote lead. It was, in percentage terms, the smallest margin ever for a Governor's race. Mr. Florio is expected to issue a formal call for a recount. [New York Times]
- The strength of El Salvador's regime was affirmed by Jose Napoleon Duarte, the President of the civilian-military junta. In an interview, he described as "not true" assertions by Secretary of State Alexander Haig that the civil war was stalemated. Mr. Duarte stressed that his country did not want foreign soldiers fighting on Salvadoran soil. [New York Times]
- Israeli military action in Lebanon is in prospect unless American diplomacy produces results, according to Defense Minister Ariel Sharon. He mentioned no deadline, but cited increasing dangers posed by Syrian missile sites in Lebanon and a heavy weapons buildup by the Palestine Liberation Organization. [New York Times]
- Britain's tactics for Mideast peace, which are strongly opposed by Washington, were described by London officials as "the natural outgrowth of a basically different assessment of what will work best." The difference, they said, goes back to 1978, when Western European officials reacted with private skepticism to the Camp David accords because they believed the agreements failed to provide a framework for a resolution of the problem of the Palestinian Arabs. [New York Times]
- A U.S. fighter sale to Taiwan is nearer, administration officials said. The State Department said no decision had been made, even in principle, but officials in three agencies said plans for the sale were proceeding. China has repeatedly warned the administration that it vigorously opposes any upgraded arms for Taiwan. [New York Times]
- A major loan to India was approved by the International Monetary Fund after some American opposition. The 143-nation agency is lending New Delhi $5.8 billion, the biggest outlay it has ever made, to reduce the financial difficulties confronting India because of higher prices for oil imports. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 855.21 (+2.76, +0.32%)
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* |
| November 6, 1981 | 852.45 | 122.67 | 43.26 |
| November 5, 1981 | 859.11 | 123.54 | 50.86 |
| November 4, 1981 | 866.82 | 124.74 | 53.47 |
| November 3, 1981 | 868.72 | 124.80 | 54.62 |
| November 2, 1981 | 866.82 | 124.20 | 65.12 |
| October 30, 1981 | 852.55 | 121.89 | 58.56 |
| October 29, 1981 | 832.95 | 119.06 | 40.07 |
| October 28, 1981 | 837.61 | 119.45 | 48.10 |
| October 27, 1981 | 838.38 | 119.29 | 53.03 |
| October 26, 1981 | 830.96 | 118.16 | 38.20 |