News stories from Wednesday February 3, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Tax exemptions for schools that practice racial discrimination were the subject of executive-legislative discussions. Howard Baker, the Senate majority leader, said there were "preliminary indications" that the Reagan administration would accept a joint congressional resolution, rather than new legislation, opposing such exemptions. [New York Times]
- Auto-labor talks resumed in Dearborn, Mich. Negotiators for the Ford Motor Company and the United Automobile Workers began detailed talks on Ford's offer to provide a "guaranteed income" for workers with more than 15 years service, even when they are laid off indefinitely. [New York Times]
- A new C.I.A. code of conduct has been adopted in response to disclosures about the activities that former agents have carried out for Libya, according to agency officials and congressional sources. They said the code prohibited the use of public office and inside information for private gain. But a C.I.A. spokesman said the agency had no power to punish former agents who violated the code. [New York Times]
- Division over Salvadoran policy appears to be deepening in Congress. However, the Reagan administration seems to have majority support for supplying more military aid to help prevent the overthrow of the Salvadoran government. [New York Times]
- A major policy split on Poland's debts was reported in the Reagan administration. High Pentagon officials said that Defense Secretary Caspar Weinberger intended to keep pressing to have Poland declared in default of its debts to the West and to prod Western European nations to halt their natural gas pipeline deal with Moscow. [New York Times]
- Fossil evidence of a key animal has been found by two scientists on the plains of Wyoming. The previously unknown chipmunk-like creature is believed to have been the first leaf-eating mammal to exist on earth and may have played a vital role in the global spread of flowers. The still-unnamed animal flourished about 130 million years ago or earlier. [New York Times]
- The Palestinian issue was stressed by President Hosni Mubarak of Egypt in talks with President Reagan at the White House. Mr. Mubarak said the Palestinians could not be denied establishment of "a national entity." Later, a senior administration official said both leaders had reaffirmed a commitment to the Camp David accords and the Palestinian autonomy talks between Egypt and Israel. [New York Times]
- A group of hard-liners in Warsaw has emerged among Poland's rulers, Polish sources said. The strong conservative faction, they said, opposes any political reform, a revival of Solidarity as an independent union and any talks with Lech Walesa. [New York Times]
- American arms policy was assailed by Leonid Brezhnev, the Soviet leader. Speaking at a Kremlin reception, Mr. Brezhnev proposed a two-thirds cut in the United States and Soviet arsenals of medium-range nuclear weapons in Europe by 1990. [New York Times]
- A new Central American coalition has been formed with the encouragement of the Reagan administration. The alliance of Honduras, Costa Rica and El Salvador is apparently designed to strengthen the besieged Salvadoran junta and to isolate the leftist government of Nicaragua. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 845.03 (-7.52, -0.88%)
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 2, 1982 | 852.55 | 118.01 | 45.01 |
| 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 |