News stories from Tuesday July 13, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Rules for dumping toxic waste in land sites were issued by the Environmental Protection Agency. The regulations, covering more than 500 pages, constitute one of the most comprehensive and expensive regulatory programs approved by the Reagan administration. Agency officials estimated the cost for industry would be at least $1 billion a year. [New York Times]
- The President urged county officials to support the revised "new federalism" plan that he expects to send to Congress by the end of the month. Before Mr. Reagan's address to the National Association of Counties, pro-Reagan officials were forced to withdraw from consideration a resolution generally endorsing a transfer of many federal programs to state and local governments. [New York Times]
- The administration's urban policy was denounced by several mayors. In testimony at a congressional hearing, they said that the policy and President Reagan's "new federalism" proposals represented an abdication of federal responsibility. [New York Times]
- The House failed to override President Reagan's veto of a $5.9 billion supplemental appropriation by a basically party-line vote of 242-169. In the debate, Republicans accused the Democrats of being profligate with public funds, and Democrats accused the Republicans of being insensitive to the needs of those unable to care for themselves. [New York Times]
- Accusations that some Congressmen and their aides have used illicit drugs and engaged in "improper or illegal sexual conduct" with teenage congressional pages will be investigated by the House Ethics Committee. The inquiry was approved in the House by a vote of 407 to 1. [New York Times]
- Haitian refugees were upheld by a three-judge federal appeals court in Atlanta. The tribunal refused to stay a lower court's order freeing about 1,800 of the Haitians from federal facilities across the continental United States and in Puerto Rico. [New York Times]
- The 1982 World's Fair is a success, to the delight of the organizers and residents of Knoxville, Tenn. After little more than one-third of its scheduled run, the exposition, which has been plagued by conflicts since its inception, welcomed its five millionth visitor over the weekend. [New York Times]
- The "Nobel Sperm Bank" generated new controversy. Public records show that the mother of the first baby born at the facility in Escondido, Calif., is a former convict who lost custody of two children by a previous marriage after her present husband was charged with child abuse. [New York Times]
- A new Iranian offensive in the Persian Gulf war began, and both Iran and Iraq reported that heavy fighting was underway. The battle reports were vague and sketchy. Baghdad reported that Teheran's forces were pressing to enter southern Iraq, but did not say whether they had already done so. [New York Times]
- Sympathy for the Palestinians was expressed by Secretary of State-designate George P. Shultz. In seven hours of testimony on the first day of his Senate confirmation hearing, Mr. Shultz said the Lebanon crisis had made it "painfully and totally clear" that the ''legitimate needs and problems" of the Palestinian people must be resolved urgently if peace is to be achieved in the Middle East. [New York Times]
- The number of civilian casualties in Lebanon in the more than five weeks since the Israeli invasion began is impossible to ascertain. The reasons for this include the chaos of the fighting, the destruction of urban neighborhoods and refugee camps, the haste with which bodies have been buried in mass graves and the absence of impartial fact finders. [New York Times]
- The uneasy cease-fire between Israeli forces and Palestinian guerrillas held for a second day as negotiators for a peaceful settlement to the siege of west Beirut continued talks. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 824.20 (-0.67, -0.08%)
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* |
| July 12, 1982 | 824.87 | 109.57 | 74.70 |
| July 9, 1982 | 814.12 | 108.83 | 65.87 |
| July 8, 1982 | 804.98 | 107.53 | 63.27 |
| July 7, 1982 | 799.66 | 107.22 | 46.91 |
| July 6, 1982 | 798.90 | 107.29 | 44.35 |
| July 2, 1982 | 796.99 | 107.65 | 43.76 |
| July 1, 1982 | 803.27 | 108.71 | 47.89 |
| June 30, 1982 | 811.93 | 109.61 | 65.27 |
| June 29, 1982 | 812.21 | 110.21 | 47.00 |
| June 28, 1982 | 811.93 | 110.26 | 40.70 |