News stories from Thursday July 15, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Tax increases and spending cuts that would reduce the federal budget deficit by about $21 billion over the next three years were approved by the House Ways and Means Committee. [New York Times]
- CBS News criticized the way that one of its own programs had been prepared, saying that some of its rules of journalistic practice had been violated in a documentary about Vietnam. But at the same time the news organization maintained that the violations had not undermined the central thesis of the program. [New York Times]
- A compromise budget was adopted by Congress. In accepting the $5.5 billion urgent supplemental spending bill, Congress averted the threatened disruption of government services and ended a three week stalemate with President Reagan. The President is expected to sign the measure. [New York Times]
- George Shultz was confirmed by the Senate as Secretary of State. Mr. Shultz, in two days of Senate testimony, avoided making statements in direct contradiction of existing administration policy but seemed to suggest that as Secretary of State he might try to modify some key aspects of American foreign policy. [New York Times]
- Changes in nursing home inspection rules proposed by the Reagan administration, would weaken protection of elderly patients, state officials and members of Congress warned members of the Senate's Special Committee on Aging. [New York Times]
- Some senility can be reversed, according to a team of brain specialists. The report, published in the Journal of the American Medical Association, said that about 25 percent of seemingly senile behavioral problems were potentially curable. [New York Times]
- An additional cleanup of the Love Canal area was announced by federal and state officials. The $7 million program will be financed by the federal government and undertaken by New York state. The announcement of fu-ther cleanup efforts came a day after federal authorities deemed the area near Niagara Falls -- where more than 20,000 tons of toxic waste were dumped in the 1940's and 1950's -- suitable to live in. [New York Times]
- Iran's invasion of Iraq was apparently stalled as Iraqi forces halted, and at some points, repelled attacking Iranian troops, American officials said. In fighting described as intense, an Iraqi counteroffensive pushed some Iranian troops back to the border, the officials said on the basis of intelligence reports. [New York Times]
- The President of Honduras said that Nicaraguan troops had crossed into Honduras and that Honduran troops might have driven into Nicaragua to repel the invasion. The comment of President Roberto Suazo Cordova, who met with President Reagan, seemed to go along with recent news reports from Central America suggesting that intramural conflicts there might be widening. [New York Times]
- Peace negotiations in Beirut have been stalled by the question of where the armed Palestine Liberation Organization fighters would go if they left west Beirut. Since Israeli forces surrounded the city more than a month ago, it had been more or less assumed that the P.L.O. fighters would go to Syria. The Syrian government has rejected that plan. [New York Times]
- Anti-government guerrillas in Somalia said they had opened two new fronts in the long-running territorial war between Somalia and Ethiopia over the Ogaden area. The offensive by the anti-goverment guerrillas, who are reportedly financed by Libya, was apparently a response by the pro-Soviet Ethiopian government to recent attacks in the Ogaden by Somali-backed fighters from an organization that seeks the Ogaden's independence from Ethiopia. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 827.34 (-1.05, -0.13%)
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 14, 1982 | 828.39 | 110.44 | 58.03 |
| July 13, 1982 | 824.20 | 109.45 | 66.16 |
| 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 |