News stories from Thursday December 9, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- A new agricultural program under which American farmers would be given surplus grain, cotton and rice from government stocks in return for idling up to half their land in 1983 was announced by President Reagan. He said the farmers could sell the surplus crops in the open market or feed it to their livestock. [New York Times]
- Chrysler has a tentative pact with members of the United Automobile Workers in both the United States and Canada. The agreements are ex-pected to end a five-week strike by 10,000 union members in Canada by Monday and bring about a return to work of 4,600 American workers laid off because of the walkout. [New York Times]
- A new Pentagon lie-detector plan came to light in House testimony. Senior Defense Department officials said they were planning an investigative program under which 100 polygraph operators would give the tests to military and civilian personnel selected at random. A senior official testified that the program was designed to improve counterintelligence operations, but a critic said that up to 20,000 officials could be examined in a program designed to reduce the flow of information to the public. [New York Times]
- Moscow tried to influence the nuclear freeze movement, according to evidence cited by a House committee. But the evidence does not appear to support President Reagan's assertion that Soviet agents were "manipulating" the movement. [New York Times]
- Leon Jaworski died at his ranch near Wimberly, Tex., at the age of 77. Mr. Jaworski, a prominent Houston lawyer, was a prosecutor at the Nuremberg trials of Nazi war criminals and earned national fame as a special prosecutor in the Watergate investigations that prompted the resignation of President Nixon in 1974. [New York Times]
- No orders to "shoot to kill" were given to the police snipers who killed the man who threatened to destroy the Washington Monument Wednesday, according to officials. They said they believed that the man, Norman Mayer, was both disposed to and capable of setting off a dangerous explosion and that they fired at his van to halt him. No explosives were found in the van. [New York Times]
- A possible victim of cyanide poisoning traced to a bottle of Anacin III capsules was reported in San Jose, Calif. The victim, a 30-year-old woman who was hospitalized on Nov.26, is now in stable condition. [New York Times]
- Urgent international monetary talks opened outside Frankfurt as the five richest nations sought to avert a possible global banking crisis. Top finance officials and central bank chiefs of the United States, West Germany, Britain, France and Japan are expected to agree to press for a major, rapid increase in the amount of money that the International Monetary Fund can lend to developing countries that are unable to pay their huge foreign debts. [New York Times]
- A new NATO policy toward Moscow was reportedly agreed upon by the United States and its 15 European allies at a meeting in Brussels. Spokesman said the allies had agreed to combine a policy of firmness toward the Kremlin with a heightened willingness to reach accords with the new Soviet leaders if they show a similar interest. [New York Times]
- A hint of Soviet flexibility about Moscow's intervention in Afghanistan was reported by President Mohammad Zia ul-Haq of Pakistan. In a speech be-fore the Foreign Policy Association, Mr. Zia also said he believed that the new Soviet leadership might recognize a need for an early settlement of the Afghan crisis. [New York Times]
- Menachem Begin has declined to exercise his right to reappear or cross-examine witnesses before the Israeli commission investigating the killings of Palestinian civilians in Beirut, the Prime Minister said in a letter. Mr. Begin reiterated his statement that "there were no grounds to assume that atrocities would be perpetrated" by the Lebanese militiamen who were asked by the Israeli army to enter two refugee camps. [New York Times]
- A raid by South African forces on the capital of Lesotho in which more than 30 people were reported killed prompted government and exile forces in the small, independent black country to assert that the victims were not terrorists, but refugees. In announcing the attack, South Africa said most of the people killed were members of the underground African National Congress. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1027.96 (-19.13, -1.83%)
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* |
| December 8, 1982 | 1047.09 | 141.81 | 97.43 |
| December 7, 1982 | 1056.94 | 142.72 | 111.62 |
| December 6, 1982 | 1055.65 | 141.77 | 83.89 |
| December 3, 1982 | 1031.36 | 138.69 | 71.57 |
| December 2, 1982 | 1033.11 | 138.82 | 77.60 |
| December 1, 1982 | 1031.09 | 138.72 | 107.84 |
| November 30, 1982 | 1039.28 | 138.54 | 93.47 |
| November 29, 1982 | 1002.85 | 134.20 | 61.07 |
| November 26, 1982 | 1007.36 | 134.88 | 38.81 |
| November 24, 1982 | 1000.00 | 133.88 | 67.15 |