News stories from Thursday December 30, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- The violence in Miami has left two people dead, about 20 injured and 44 arrested. As an uneasy calm returned to the poor, mostly black neighborhood of Overtown, the authorities turned their attention to the performance of police officers involved in the melees. They said that the two officers who fatally shot two young men had been cited in many citizens' complaints, but that only one charge against one had been upheld. [New York Times]
- Fifty-four alcohol-related deaths on highways in 23 states were recorded on Dec. 31, 1981, according to tabulations by the New York Times from information supplied by federal, state and local officials. The victims ranged from a 12-year-old boy sleeping in the back seat of a car in California to a 75-year-old Irish immigrant walking along a Florida road. [New York Times]
- Natural gas customers were upheld by a federal administrative law judge in a significant policy decision. He ordered a pipeline that provides natural gas to much of the Northeast to refund $100 million or more to customers on the ground that they were being overcharged. [New York Times]
- The dispute over wilderness areas appears to be over. Interior Secretary James Watt said he would issue no more leases for oil and gas drilling in the protected areas. [New York Times]
- Deregulation of smaller hospitals was proposed by the Reagan administration. The Department of Health and Human Services formally called for a relaxation or repeal of many requirements that hospitals must meet as a condition for participating in Medicare and Medicaid. [New York Times]
- The last department store in downtown Detroit plans to close its doors soon. The announcement came from J. L. Hudson's, a 91-year-old institution and a cherished part of the economically troubled city. [New York Times]
- Palm Springs, where President Reagan is spending New Year's Eve, is, despite a cold snap, enjoying a high point of "The Season," when thousands of affluent people leave homes elsewhere to party, golf and relax in the usually balmy California desert. In the 1970's, the resort evolved from an exclusive enclave of the very rich to a resort for the upper middle class and the newly rich. [New York Times]
- Key foreign policy experts will serve on the commission that will evaluate options for basing the MX missile, White House officials reported. They said that President Reagan planned to appoint as chairmen Brent Scowcroft, a former White House national security adviser, and that the panel members would include former Defense Secretary Harold Brown and former Secretary of State Alexander Haig. [New York Times]
- No static, undefended land base would be totally secure from Soviet nuclear destruction, advocates of the MX missile acknowledge. As a result, the quest for a way to base the missile will prompt a scrutiny of small mobile missiles, air and sea basing schemes and the present components of the nation's nuclear deterrent. [New York Times]
- Washington will not pay the U.N. an assessment of up to $1 million a year, President Reagan announced. Legal experts said this was the first time that an American President had claimed the right to withhold funds from the United Nations. The disputed funds are Washington's share of the costs of a commission set up under the Law of the Sea Treaty to formulate rules for the mining of minerals from the deep seas. [New York Times]
- Soviet interest in a summit meeting was suggested by Tass, which quoted Yuri Andropov, the Soviet leader, as saying that a meeting with President Reagan could be a "very effective" way of improving Soviet-American relations, but that the success of any meeting would depend on "good preparatory work." [New York Times]
- Israeli and Lebanese negotiators resumed their talks on a withdrawal of all foreign troops from Lebanon at Qiryat Shemona, the northern Israeli border town that symbolized the suffering of Israeli civilians in the years of Palestinian terrorist attacks from southern Lebanon. [New York Times]
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Stock Market Report
Dow Jones Industrial Average: 1047.37 (-12.23, -1.15%)
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 29, 1982 | 1059.60 | 141.24 | 54.81 |
| December 28, 1982 | 1058.87 | 140.77 | 58.60 |
| December 27, 1982 | 1070.55 | 142.18 | 64.69 |
| December 23, 1982 | 1045.07 | 139.72 | 62.88 |
| December 22, 1982 | 1035.04 | 138.83 | 83.46 |
| December 21, 1982 | 1030.26 | 138.61 | 78.01 |
| December 20, 1982 | 1004.51 | 136.26 | 62.20 |
| December 17, 1982 | 1011.50 | 137.49 | 76.01 |
| December 16, 1982 | 990.25 | 135.30 | 73.69 |
| December 15, 1982 | 992.64 | 135.24 | 81.05 |