Tuesday January 5, 1982
. . . where the 1970s live forever!

News stories from Tuesday January 5, 1982


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • William P. Clark moved swiftly into his new post as President Reagan's national security adviser, taking part in the President's talks with Chancellor Helmut Schmidt and running the agenda of a National Security Council meeting. [New York Times]
  • Creationism was rebuffed by a federal district judge. He overturned the new Arkansas law requiring "balanced"' classroom treatment for the theories of evolution and "creation science." In a sharply worded, 38-page ruling, the judge said that "creation science has no scientific merit or educational value" and violates the constitutional provision on separation of church and state. [New York Times]
  • Continued registration of young men for a possible military draft has been recommended to President Reagan, according to administration and congressional officials. The recommendation was made, they said, by the Joint Chiefs of Staff and Defense Secretary Caspar Weinberger even though Mr. Reagan has pledged to abolish the registration program. [New York Times]
  • A rainstorm lashed San Francisco and took at least 16 lives in the region. Three children in their bedrooms were engulfed by a mud slide that crushed their home. Hundreds of residents and travelers were isolated by other major slides, and millions of dollars in property was lost. [New York Times]
  • A safety improvement for the DC-10 is to be proposed to airline operators by the jumbo jet's manufacturer. The plan calls for two design changes to guard against a crash if the airliner were to lose an underwing engine and simultaneously suffer damage to high-lift wing devices. [New York Times]
  • Another rise in anti-Semitic incidents around the nation was reported by the Anti-Defamation League of B'nai B'rith. In its 21st annual survey, the league said that the number of reported incidents more than doubled in 1981 for the third year. [New York Times]
  • Divorced Roman Catholics in the United States are receiving annulments in record numbers. The church has streamlined procedures for dissolving marriages in an effort to end the estrangement of thousands of members. [New York Times]
  • A former Green Beret convicted of two misdemeanor assault charges in the 1980 shooting of a Libyan student in Fort Collins, Colo., was sentenced to serve two years in jail. A judge imposed the maximum sentence allowed by law for each count for Eugene Tafoya and ordered that he serve them concurrently. [New York Times]
  • Blacks who live in New York's suburbs generally say they feel a large degree of isolation and some loneliness. In interviews, single and married blacks cited many frustrations and uneasy relationships with both blacks and whites in seeking to establish and maintain social ties. [New York Times]
  • Bonn criticized Soviet involvement in the Polish crisis. It was the first direct criticism expressed by Chancellor Helmut Schmidt as he joined President Reagan in expressing concern about "the serious pressure" brought by Moscow against Polish efforts for change. The West German leader's comments were milder than those expressed by American officials, who welcomed them. [New York Times]
  • There is "a place" for Solidarity as an independent self-governing trade union" as long as it does not stray into opposition politics, according to an aide to Gen. Wojciech Jaruzelski, the Polish leader. A dispatch passed through military censorship quoted the aide as saying that the authorities "have no intention of dissolving Solidarity," and he explained the government's position on how such a union would function. [New York Times]
  • The Warsaw radio said that talks had begun between Solidarity union leaders and the Polish government at the trade union ministry. The radio did not say who represented the union or when the negotiations began. [New York Times]
  • An attempt to mitigate Poles' anger over the trials of Solidarity activists was made by the military government, according to information arriving from Poland. With a blaze of publicity, the authorities put on trial a former high Communist Party official who was close to Edward Gierek, the disgraced leader. [New York Times]
  • The church in Poland is In a crisis of conscience brought on by the repression of civil liberties, according to information reaching the New York Times. A difference in tone and substance in various appeals issued In the last three weeks indicates a split in the Roman Catholic Church hierarchy. The reports also said that a statement drawn up by the hierarchy that strongly deplored martial law was not made public. [New York Times]


Stock Market Report

Dow Jones Industrial Average: 865.30 (-17.22, -1.95%)
S&P Composite: 120.05 (-2.69, -2.19%)
Arms Index: 4.09

IssuesVolume*
Advances4023.43
Declines1,18541.34
Unchanged3332.74
Total Volume47.51
* in millions of shares

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
DateDJIAS&PVolume*
January 4, 1982882.52122.7436.75
December 31, 1981875.00122.5540.78
December 30, 1981873.10122.3042.96
December 29, 1981868.25121.6735.24
December 28, 1981870.34122.2728.31
December 24, 1981873.38122.5423.94
December 23, 1981869.67122.3142.90
December 22, 1981871.96122.8848.32
December 21, 1981873.10123.3441.31
December 18, 1981875.76124.0050.95


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