News stories from Monday March 29, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A one-day delay in Columbia's return to the earth was necessitated by a blinding sandstorm, driven by winds reaching 55 miles an hour, that raged across the space shuttle's scheduled landing site in New Mexico. If the desert winds repeat their fury tomorrow, the Columbia will be diverted to a touchdown at the Kennedy Space Center in Florida. [New York Times]
- A prominent lawyer was convicted of soliciting a bribe and obstructing justice. After deliberating for just over an hour, a jury in Atlanta found William A. Borders, a lawyer in Washington, guilty of conspiring with a convicted felon to bribe federal district judge Alcee Hastings, the first black appointed to the federal bench in Miami. [New York Times]
- A shift on a gasoline regulation has been decided by the Environmental Protection Agency, according to agency officials. They said that the agency had scrapped a plan to repeal rules limiting the amount of lead in gasoline in light of strong new evidence linking lead levels in gasoline with those in humans. [New York Times]
- A seven-year civil defense plan designed to "provide for survival of a substantial portion of the population in the event of nuclear attack" was disclosed by the Reagan administration. The $4.2 billion program was made known as officials prepared to go before Congress this week to seek funds for the plan. [New York Times]
- States would have to pay for all erroneous payments they make in the food stamp program, under a proposal by Senator Jesse Helms, Republican of North Carolina, who is chairman of the Agriculture Committee. He said that present error rates were unacceptable and could be reduced if the states were required to pay for all errors in payments. [New York Times]
- New support for arms controls was expressed by the administration in an effort to combat congressional and public pressure to negotiate an early freeze on Soviet and American nuclear weapons at current levels. Officials said that President Reagan had decided to back a rival proposal that would freeze arms levels only after the United States overcomes what it terms a Soviet lead. [New York Times]
- Early returns in El Salvador indicated that the moderate Christian Democrats had won more votes than any of the five other parties in Sunday's elections, but the victors' final total would not give them a majority in the new constituent assembly. The extreme right-wing Nationalist Republican Alliance led by Roberto d'Aubuisson, a controversial former army major, was in what the United States Ambassador called a "strong second position." [New York Times]
- The administration was jubilant over the apparent victory by Salvadoran moderates. Secretary of State Alexander Haig called the voting "a victory we have all won." [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 823.82 (+5.90, +0.72%)
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* |
| March 26, 1982 | 817.92 | 111.94 | 42.40 |
| March 25, 1982 | 827.63 | 113.21 | 51.96 |
| March 24, 1982 | 823.34 | 112.97 | 49.38 |
| March 23, 1982 | 826.67 | 113.55 | 67.12 |
| March 22, 1982 | 819.54 | 112.77 | 57.61 |
| March 19, 1982 | 805.65 | 110.61 | 46.24 |
| March 18, 1982 | 805.27 | 110.30 | 54.27 |
| March 17, 1982 | 795.85 | 109.08 | 48.89 |
| March 16, 1982 | 798.33 | 109.28 | 50.23 |
| March 15, 1982 | 800.99 | 109.45 | 43.37 |