News stories from Wednesday June 16, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The future of Raymond Donovan was increasingly cloudy. Senator Orrin Hatch, the Utah Republican who heads the Labor and Human Resources Committee, expressed doubt that the Labor Secretary would be able to survive the rising calls for his resignation. A special prosecutor is investigating assertions that Mr. Donovan witnessed labor corruption and associated with organized crime figures. [New York Times]
- The bomber will cost much more than the Reagan administration has disclosed, according to an independent Pentagon analysis. It said that the proposed fleet of 100 long-range bombers would cost $26.7 billion, or 30 percent more than the $20.5 billion cited by Defense Secretary Caspar Weinberger. Congress obtained the internal study after a long dispute with the Pentagon. [New York Times]
- The House defied President Reagan in approving an $8.9 billion supplemental spending bill that includes $3 billion for an emergency program to aid the troubled housing industry. In the key vote of 257 to 155, 41 Republicans joined 216 Democrats in backing the measure despite the threat of a presidential veto. [New York Times]
- John W. Hinckley's trial has heard the final testimony by 40 witnesses. The defendant said he had made a final decision not to take the stand. Closing arguments by the opposing lawyers in the insanity plea case are set for tomorrow. [New York Times]
- Links between nutrition and cancer have been fully explored by an expert panel of the National Academy of Sciences for the first time. As a result of the study, the panel advised Americans to eat less fat, very little salt-cured, pickled and smoked foods and to eat more vegetables, fruits and whole grains to reduce the risk of cancer. [New York Times]
- Dubious treatment of cancer is luring an increasing number of Americans from orthodox medical therapies, according to a leading researcher. The specialist, Dr. Barrie Cassileth, wrote that the dubious ritualistic treatments and "natural cures" involve often expensive diets, spiritual counseling and supposedly cleansing enemas administered by non-medical practitioners. [New York Times]
- Many Argentines could die from hunger soon unless their government pledges to halt all hostilities over the Falklands, Britain warned. The commander of Britain's South Atlantic task force said that many of the 15,000 prisoners were seriously ill with malnutrition, dysentery and a parasitic skin disease. He said there was no shelter for most of the captives from the blizzards and subzero temperatures in the islands. [New York Times]
- Argentine leaders tried to shape an official response to British demands that they halt all hostilities in the Falkland dispute. Informants said that the three-member junta was seeking to formulate a response that would not bar Argentina from resuming the war despite the surrender of its ground troops. [New York Times]
- A compromise on the Falklands is sought by the United States, according to high officials. They said that President Reagan had decided to press Britain through diplomatic channels to resolve the dispute while continuing to support Britain publicly. [New York Times]
- Israel has reassured the United States that it will not seize Beirut, according to the Reagan administration. Officials said that the reassurances insured that a meeting between President Reagan and Prime Minister Menachem Begin would take place on Monday as scheduled. [New York Times]
- Israelis further isolated Beirut and dug in on the hills of the resort town of Beit Meri east of the capital. The hilltop points overlook Syrian encampments in a valley below as well as Beirut in the distance. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 796.90 (-4.37, -0.55%)
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* |
| June 15, 1982 | 801.27 | 109.69 | 44.97 |
| June 14, 1982 | 801.85 | 109.96 | 40.10 |
| June 11, 1982 | 809.74 | 111.24 | 68.61 |
| June 10, 1982 | 798.71 | 109.61 | 50.93 |
| June 9, 1982 | 795.57 | 108.99 | 55.77 |
| June 8, 1982 | 802.23 | 109.63 | 46.82 |
| June 7, 1982 | 804.03 | 110.12 | 44.63 |
| June 4, 1982 | 804.98 | 110.09 | 44.11 |
| June 3, 1982 | 816.50 | 111.86 | 48.45 |
| June 2, 1982 | 816.88 | 112.04 | 49.22 |