News stories from Thursday December 24, 1981
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- President Reagan faces problems that are potentially serious after a year of dramatic political change. But generally, he remains above the troubles and appears to be keeping his party buoyant as it approaches what may be the most important off-year election since the Depression. The troubles include rising unemployment and budget deficits, but his strong position is reflected in interviews with many politicians, voters, poll takers and small-business people. [New York Times]
- New Jersey's economy should rebound from the recession in late 1982, according to the State Economic Policy Council. It also said that President Reagan's economic policies would begin to reap rewards in 1983 and 1984 after a "lackluster" 1982. [New York Times]
- Delta Air Lines announced fare cuts of up to 51 percent on normal coach charges between 24 Northern and Middle Western cities and its nine Florida destinations, including a $114 fare between Florida and New York. The new fares take effect Jan. 6. [New York Times]
- A police strike in Milwaukee ended after 16 hours. The officers walked out in protest against the slaying of two white police officers and assertions of police brutality issued by a black alderman. City officials disavowed the remarks and pledged not to punish any of the 1,700 striking officers. [New York Times]
- The path for a major merger was cleared by a federal judge. He ruled that the United States Steel Corporation could buy the Marathon Oil Com-pany on Jan. 7 for $6.3 billion, thus ending a two-month takeover battle with the Mobil Corporation. [New York Times]
- Four Vietnam War veterans ended a journey to Hanoi and Ho Chi Minh City, convinced that the six-day visit would lead to future exchanges with the Vietnamese, but concerned about the reception that awaited them at home. Robert Muller, executive director of the Vietnam Veterans of America, said that the visit had deeply changed his attitude toward the Vietnamese people, but added, "I've got to temper this" at home. [New York Times]
- A possible U.N. debate on Poland is being actively considered by the United States, according to Jeane Kirkpatrick, the American representative. The United States began thinking about such a move as the extent of the repression by the Polish authorities became clearer. [New York Times]
- The Pope warned against intervention in Poland. Appearing before 300 Polish priests and lay people at the Vatican, John Paul II asked them to pray that Poles alone find the strength to shape their future "so that no one shall interfere from the outside." [New York Times]
- Western unity on Poland was sought by Secretary of State Alexander Haig. He said it was "very important" for Washington's allies to follow its lead and "apply whatever pressures" they could to bring about an end to the repression by the Polish leadership. [New York Times]
- A second Polish ambassador defected to the United States. The top Polish diplomat in Japan flew to this country with his family after declaring he could no longer represent a "regime which denies the fundamental rights of the Polish people." [New York Times]
- Poland's leader sought to pacify the nation in a Christmas Eve address. The military commander, Gen. Wojciech Jaruzelski, asserted that there was still a place for independent labor unions in Poland and he denied that hundreds of Poles had been killed or held in inhumane conditions under martial law. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 873.38 (+3.71, +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 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 |
| December 14, 1981 | 871.48 | 122.78 | 44.81 |
| December 11, 1981 | 886.51 | 124.93 | 45.84 |
| December 10, 1981 | 892.03 | 125.71 | 47.02 |