News stories from Monday June 14, 1982

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

Some Haitians will be freed from federal detention facilities pending the outcome of their trials under guidelines announced by the Justice Department The announcement was interpreted by attorneys for the Haitians as evidence that the government expected to lose its case to force the aliens' return to Haiti and had thus changed its year-old detention policy, aimed at discouraging illegal immigration, to save face. [New York Times] Unions may restrict candidates for union office from accepting campaign contributions from outside the union, the United States Supreme Court ruled. The ruling was a victory for the incumbent leadership of the United Steelworkers of America, which enacted a ban on outside contributions four years ago a fter an insurgent candidate received much of his funding from non-union members. [New York Times] Opposition to a bill that would add $8.9 billion to the current federal budget was reiterated by the Reagan administration, which stopped just short of threatening a presidential veto of the supplemental spending bill, which is likely to pass both chambers later this week. [New York Times] Non-violent protesters were arrested in midtown Manhattan at the United Nations missions of five countries that have atomic weapons. Offering daisies to policemen or chanting prayers for peace, more than 1,600 unresisting demonstrators for disarmament were carried to rented city buses and booked for disorderly conduct. [New York Times] The Argentines have surrendered in the Falkland Islands capital of Stanley, Prime Minister Margaret Thatcher's office announced. Mrs. Thatcher had earlier disclosed that the deputy commander of British forces was negotiating with the commander of the 6,500 Argentine defenders of the town. Government officials said they expected the Argentine troops to be repatriated. [New York Times] Israeli tanks circled western Beirut, trapping the military and political leadership of the Palestine Liheration Organization. The Beirut siege came as the Lebanese government of President Elias Sarkis announced the formation of a six-member national salvation board to deal with the repercussions of the invasion. [New York Times] The Soviet Union warned Israel not to forget that the Middle East lies close to the Soviet Union's southern border and that "developments there cannot help affecting the interests of the U.S S.R." The warning was coupled with a demand, apparently directed at the United States, for "urgent effective measures'' to bring about Israel's withdrawl from Lebanon. [New York Times] White flags were still flying in Sidon, Lebanon, in the wake of the Israeli invasion. The Israeli army warned residents of Lebanon's picturesque coast to leave their homes before the bombing and shelling began, and many did. But when they returned to their homes, what they saw took the strength out of them. [New York Times] A cease-fire in the Falkland islands was announced by the Argentine high command after British troops overran Argentine defense lines and began fierce combat outside Stanley. The cease-fire has not yet been formally endorsed by either government, the command said. [New York Times] Israel was moving to crush the Palestine Liberation Organization's political and military nerve center in West Beirut after sealing off the area, according to Israel's Chief of Staff, Lt. Rafael Eytan. However, a well-placed Israeli official said Prime Minister Menachem Begin had indicated that there was no plan to invade Beirut's chief population centers and remain there. [New York Times] Egypt is suspending talks with Israel on Palestinian self-rule because of the Israeli military action in Lebanon, the United States was informed. In discussing the action, Foreign Minister Kamal Hassan Ali made clear the suspension did not mean that Egypt was reneging on the Camp David agreements of 1978 or breaking relations with Israel. [New York Times] Syrian units joined Palestinian forces in battle with the Israelis south of Beirut, Syrian sources said. [New York Times]

Stock Market Report

Dow Jones Industrial Average: 801.85 (-7.89, -0.97%)
S&P Composite: 109.96 (-1.28, -1.15%)
Arms Index: 2.13

	Issues	Volume*
Advances	424	5.68
Declines	1,063	30.39
Unchanged	383	4.03
Total Volume		40.10

* 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
Date	DJIA	S&P	Volume*
June 11, 1982	809.74	111.24	68.61
June 10, 1982	798.71	109.61	50.93
June 9, 1982	795.57	108.99	55.77
June 8, 1982	802.23	109.63	46.82
June 7, 1982	804.03	110.12	44.63
June 4, 1982	804.98	110.09	44.11
June 3, 1982	816.50	111.86	48.45
June 2, 1982	816.88	112.04	49.22
June 1, 1982	814.97	111.68	41.65
May 28, 1982	819.54	111.88	43.89