News stories from Tuesday February 2, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Tax aid for segregationist schools is strongly opposed in the Justice Department, according to sources there. They said that more than 200 lawyers and others in the department's civil rights division had signed a letter expressing "serious concerns" about President Reagan's decision to extend the tax exemptions to the private schools. [New York Times]
- More military spending than expected is sought by the administration, according to administration and congressional officials. They said that Defense Secretary Caspar Weinberger informed Congress that the administration planned to ask for 1983 military appropriations totaling nearly $260 billion, about $10 billion more than anticipated. [New York Times]
- Federal aid for the arts and humanities would be sharply cut for the second successive year under proposals expected to be made by President Reagan next week, according to knowledgeable congressional aides. They predicted that strong congressional opposition would probably block many of the proposed reductions. [New York Times]
- Details of the "new federalism" program being weighed by Reagan administration officials include a possible proposal that would require the states to continue total spending on welfare and food stamps at current levels for several years. [New York Times]
- Secret Service agents were anxious when an unidentified object struck the roof of a limousine carrying Vice President Bush to his Washington office. No one was injured, and a Secret Service spokesman said later that the object was most likely a brick or small piece of dried mortar from a construction project on the route of the motorcade. [New York Times]
- The standardized ability tests widely used to screen applicants for schools and jobs are generally valid and not in themselves unfair to blacks and other minority groups, according to a special panel established by the National Academy of Sciences. But, after four years of study, the panel warned that the tests had "inherent limitations" and should not be relied upon too heavily. [New York Times]
- Stolen college admission tests and three persons arrested in San Francisco were being investigated by federal immigration officials. They believe that the three are part of a Taiwan-based ring dealing in English-language examinations used by Taiwanese to get into American colleges and graduate schools. [New York Times]
- The jury in Claus von Bulow's trial on charges of trying to murder his wife heard for the first time the two versions of how Martha von Bulow sank into the irreversible coma in which she has been for 13 months. After opening statements at the Newport, R.I., trial, Alexander von Auersperg, Mrs. von Bulow's son by her first marriage, testified for the prosecution. [New York Times]
- Long sentences for convicted slavers were handed down by a federal district judge in North Carolina. The three defendants were leaders of migrant farm crews. [New York Times]
- More moons of Saturn were found in a new analysis of Voyager 2 photographs, according to American scientists. They said that the discovery of four and possibly six more small satellites would bring to 21 or 23 the number of known Saturnian moons. [New York Times]
- Gen. James Dozier said his captivity at the hands of Red Brigades terrorists in Italy was marked by "excruciating boredom." General Dozier said at a news conference that for 42 days he had been chained to a steel cot inside a pup tent in a Padua apartment under the constant glare of an electric bulb. The American General is due to fly to Washington tomorrow. [New York Times]
- Support for El Salvador was reaffirmed by Secretary of State Alexander Haig. He said that Washington would do "whatever is necessary" to prevent the overthrow of the Salvadoran government by guerrillas he said were backed by Cuba and Nicaragua. Under questioning by a Senate committee, Mr. Haig again refused to say whether the pledge included the possible use of American combat troops. [New York Times]
- A burst in Salvadoran rebel attacks was reported in the eastern part of the country. Military sources said that 500 guerrillas had stormed and occupied a town 75 miles northeast of San Salvador, killing about 100 people. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 852.55 (+0.86, +0.10%)
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* |
| February 1, 1982 | 851.69 | 117.78 | 47.73 |
| January 29, 1982 | 871.10 | 120.40 | 73.40 |
| January 28, 1982 | 864.25 | 118.92 | 66.68 |
| January 27, 1982 | 842.66 | 115.74 | 50.05 |
| January 26, 1982 | 841.51 | 115.19 | 44.86 |
| January 25, 1982 | 842.75 | 115.41 | 43.17 |
| January 22, 1982 | 845.03 | 115.38 | 44.39 |
| January 21, 1982 | 848.27 | 115.75 | 48.60 |
| January 20, 1982 | 845.89 | 115.27 | 48.86 |
| January 19, 1982 | 847.41 | 115.97 | 45.06 |