News stories from Friday December 31, 1982
Summaries of the stories the major media outlets considered to be of particular importance on this date:
- Four powerful bombs exploded at public buildings in Manhattan and Brooklyn. A police officer was critically injured in an explosion at Pplice headquarters in lower Manhattan. Bombs also were set off at the federal office building at 26 Federal Plaza, near Centre Street in Manhattan, at the Metropolitan Correctional Center in lower Manhattan and at the Federal Courthouse in downtown Brooklyn. [New York Times]
- Floods in Louisiana and Mississippi drove more than 10,000 people from their homes, with more rain on the way and, according to Gov. David Treen of Louisiana,''no place for any more water.'' [New York Times]
- New governors of 16 states face the prospect of having to recommend tax increases or reduction of services because of declining revenues. In some states, deficits projected for the end of the current fiscal year have increased since the Nov. 2 election. [New York Times]
- The destitute benefited this year from unusually generous contributions of money, clothing and food from individuals and businesses, but church and welfare authorities said that the gifts were depleted quickly and that the predicament of poor people was becoming more grave. [New York Times]
- Fewer skiers are going to Aspen despite plentiful snow in the Colorado resort. In the last two years, the number of skiers has declined 15 percent. The recession is partly responsible for the decline, but the cumulative effect in the last two seasons has troubled many residents, who see the resort's problems as more than just another cyclical swing in the economy. [New York Times]
- New Jersey averted budget cuts after a 20-hour session of the legislature produced tax measures that will eliminate the need for $150 million in cutbacks scheduled to take effect tomorrow to close a deficit. The revenue will come from a Republican-sponsored 1-cent increase in the state sales tax and a Democratic-sponsored increase of 1 percent in the state income tax, to 3.5 percent, on annual incomes above $50,000. The income-tax increase will affect 1983 earnings. [New York Times]
- Soviet troops will stay in Afghanistan until the Soviet Union's conditions for their withdrawal are met, the government said in a statement released through Tass, the official press agency. The statement appeared to be intended to reassure the Soviet-backed government of Afghanistan and to discourage speculation in the West that the new Soviet leader, Yuri Andropov, might be preparing to accept a face-saving settlement to to extract more than 100,000 Soviet troops from a seemingly intractable war. [New York Times]
- Poles turned out to beat the deadline for expiring ration coupons and lined up for bread, for vodka for New Year's Eve celebrations and for gasoline. The lines are the most visible sign of Poland's woes. One of the longest was formed outside a state-run apartment agency by people who stood in line round the clock for several days to register their children as prospective tenants. The average waiting time for an apartment is well over 16 years. [New York Times]
- Javier Perez de Cuellar said that his blunt report of the United Nations' ineffectuality was his greatest achievement in his first year as Secretary General. The document, issued in September, described the many arenas where the United Nations was unable to avert war or to bring peace and deplored the repeated defiance of the Security Council. [New York Times]
- A deadlock in the talks with Lebanon over the normalization of relations issue led Israeli delegates to meet with cabinet ministers to find other terminology acceptable to Lebanon. Officials involved in the talks said that Lebanon has objected to placing ''normalization'' on the agenda because it might seem to lead to full diplomatic relations with Israel, which would strain Lebanon's ties with the rest of the Arab world and possibly worsen Lebanon's Moslem-Christian tensions. [New York Times]
- Japan's military budget in 1983 will probably increase more than 8 percent, but Prime Minister Yasuhiro Nakasone intends to keep military spending within a ceiling of 1 percent of the gross national product, Foreign Ministry officials said. [New York Times]
|
Stock Market Report
Dow Jones Industrial Average: 1046.54 (-0.83, -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* |
| December 30, 1982 | 1047.37 | 140.33 | 56.37 |
| 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 |