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Monday August 30, 1982
. . . where the 1970s live forever!

News stories from Monday August 30, 1982


Summaries of the stories the major media outlets considered to be of particular importance on this date:

  • A Supreme Court debate on abortion was joined by four major organizations of physicians and nurses. They urged the Justices to declare unconstitutional a 1978 city ordinance in Akron, Ohio, that limits the ways in which doctors may counsel and treat women seeking abortions. [New York Times]
  • Drugs may be used in executions, under a ruling by federal district judge Norma Holloway Johnson. She held that the states could use drug injections to carry out the death penalty even though the government has not specifically approved the drugs for that use. [New York Times]
  • Millionaires and businessmen dominate the top ranks of the Reagan administration, according to the profiles in a new book released by Ralph Nader. The book discloses that the leaders include executives from 23 industries who now oversee or regulate those industries. [New York Times]
  • The attorney for a reputed figure in organized crime said that his client, William Masselli, had "no idea" why his son had been murdered in a gangland-style shooting. The lawyer also said that Mr. Masselli doubted the slaying was linked with a new investigation of Labor Secretary Raymond Donovan. [New York Times]
  • Activism among postal workers is increasing despite their secure, relatively well-paying jobs. Postal union leaders say the 320,000-member union has collected nearly $350,000 to influence the fall elections. [New York Times]
  • Vietnamese orphans won an award from federal district judge Louis Oberdorfer after a long legal dispute. He approved an award totaling $13.5 million for 45 of the orphans that their adoptive parents say is needed for medical care and special eduction. The orphans were among 149 who survived the crash of an Air Force cargo plane that killed 98 others in the final days before Saigon fell. [New York Times]
  • Ingrid Bergman died of cancer at her London home on her 67th birthday. The many honors won by the widely acclaimed actress included Academy Awards for her delicately drawn performances in "Gaslight," "Anastasia" and "Murder on the Orient Express". [New York Times]
  • A man who served 13 years for murder before he got a chance to prove his innocence was freed in Boston. The prisoner, 42-year-old George Reissfelder, was unmanacled and released when the District Attorney's office declined to oppose a defense motion for dismissal. [New York Times]
  • Yasser Arafat left Beirut aboard a Greek ship, vowing to fight again. As the leader of the Palestine Liberation Organization was sailing, more than 2,000 troops of the Syrian army also began leaving the city. The Syrians have occupied Beirut since 1976. [New York Times]
  • Israel is concerned over the leftists who remain in Beirut in possession of the heavy weapons left behind by the departing Palestinians. Officials in Jerusalem said that members of the Moslem leftist group clashed Sunday with Lebanese army units. [New York Times]
  • The Polish authorities deployed riot policemen, water cannons and armored personnel carriers around Warsaw on the eve of scheduled anti-government demonstrations. The protests have been called by leaders of the trade union Solidarity. [New York Times]
  • Less severe sanctions in President Reagan's attempts to thwart a Soviet natural gas pipeline to Western Europe are being urged by Secretary of State George Shultz and Commerce Secretary Malcolm Baldridge. Officials said the two were recommending to Mr. Reagan less punitive sanctions against a British company that may violate the pipeline embargo than were imposed last week against two companies in France. [New York Times]
  • Major nuclear waste disposal efforts are being pressed by Sweden, which plans to dismantle all 12 of its nuclear power plants by 2010 and is taking steps to bury the radioactive waste from them deep in granite at sea. In the United States, which has 73 operating nuclear plants, the Energy Department and Congress have been unable to agree on a plan for developing long-range storage sites. [New York Times]


Stock Market Report

Dow Jones Industrial Average: 893.30 (+9.83, +1.11%)
S&P Composite: 117.66 (+0.55, +0.47%)
Arms Index: 0.66

IssuesVolume*
Advances81232.65
Declines74819.96
Unchanged3736.95
Total Volume59.56
* in millions of shares

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
DateDJIAS&PVolume*
August 27, 1982883.47117.1174.39
August 26, 1982892.41118.55137.28
August 25, 1982884.89117.58106.19
August 24, 1982874.90115.34121.65
August 23, 1982891.17116.11110.30
August 20, 1982869.29113.0295.88
August 19, 1982838.57109.1678.26
August 18, 1982829.43108.53132.68
August 17, 1982831.24109.0492.86
August 16, 1982792.43104.0955.42


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