News stories from Thursday December 10, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A plea to Americans to leave Libya at once was issued by President Reagan, who also ordered the invalidation of American passports for travel to Libya. A senior administration official said there were no immediate plans to halt Libyan oil imports or to impose additional sanctions against the Tripoli regime for what the White House terms its "current lawless behavior."
A departure of American technicians, who discovered oil in Libya in 1955 and have been the dominant force in increasing production, will cause serious problems for the industry, Tripoli's oil minister acknowledged. Industry analysts suggested that the withdrawal could prompt Libya to nationalize American oil holdings.
[New York Times] - NATO refused to back U.S. actions against Libya. At a meeting in Brussels, Italy and France opposed any attempts to isolate Libya at this time, and Britain and West Germany said they opposed any consideration of a boycott on Libyan products. [New York Times]
- Charges about Raymond Donovan, the Labor Secretary, have prompted the Justice Department to consider whether to recommend an inquiry by a special prosecutor. A former union official has told federal prosecutors that he was present at a luncheon attended by Mr. Donovan when a reported illegal $2,000 payoff was made to the union at a time when Mr. Donovan was a top officer of a New Jersey construction company. [New York Times]
- The President won a budget victory in the House, which approved an omnibus bill that would reduce government spending by $4 billion through March 31. In the key vote of 222 to 194, all but three Republicans heeded Mr. Reagan's appeals for approval, and 36 conservative Democrats also rebuffed the Democratic leadership. [New York Times]
- No youth who fails to register with the Selective Service System will face criminal charges now, according to the Justice Department. It said it had informed federal prosecutors to refrain from seeking indictments until the Reagan administration decided whether to continue the military registration program. [New York Times]
- John Mitchell disputed assertions in a new book by John Ehrlichman that Chief Justice Warren Burger had "openly discussed the pros and cons of issues before the Court" with President Nixon in advance of rulings on them. Mr. Ehrlichman, a top adviser in the Nixon White House, also writes that Mr. Nixon twice expressed his belief that "blacks were genetically inferior to whites." [New York Times]
- A key report on nitrates and nitrites, ftxxl additives used to preserve meat, concluded that cured meats account for only a small proportion of total human exposure to the cancer-causing nitrosamines, which can form from the additives. The chairman of the panel of experts said it had found that a far larger amount of nitrosamines may reach consumers through cigarette smoke, baked goods, vegetables, cosmetics, automobile interiors and drinking water. [New York Times]
- Improved China-India ties are being sought nearly two decades after the two countries fought a short but fierce border war. They opened talks in Peking in an effort to resolve the Himalayan frontier dispute. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 892.03 (+3.81, +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* |
| December 9, 1981 | 888.22 | 125.48 | 44.80 |
| December 8, 1981 | 881.75 | 124.82 | 45.14 |
| December 7, 1981 | 886.99 | 125.19 | 45.72 |
| December 4, 1981 | 892.69 | 126.26 | 55.04 |
| December 3, 1981 | 883.85 | 125.12 | 43.77 |
| December 2, 1981 | 882.61 | 124.69 | 44.50 |
| December 1, 1981 | 890.22 | 126.10 | 53.99 |
| November 30, 1981 | 888.98 | 126.35 | 47.57 |
| November 27, 1981 | 885.94 | 125.09 | 32.77 |
| November 25, 1981 | 878.14 | 124.05 | 58.57 |