BUSINESS DIGEST: MONDAY, NOVEMBER 9, 1987

LEAD: Not many New Yorkers recall the era punctuated by transit, school and garbage strikes, by snow-choked streets and urban strife two decades ago as the good old days, if they recall it at all.

Metro Matters; Lindsay Reunion: Good Old Days Of Urban Strife

LEAD: As the presidents of the central banks of the major industrial nations gather here today, their major concern is when the dollar will stop falling.

CENTRAL BANKERS IN TALKS

LEAD: The usual turmoil surrounding the Long Island Lighting Company and its Shoreham nuclear power plant has increased in the last several months, to the point where analysts and government officials seem certain that the plant will never receive its commercial operating license.

Key Setback For Lilco; P.S.C. Action Viewed as Death of Shoreham

LEAD: Once again, the focus of the 1988 Presidential campaign has veered away from the matter of how the country should be governed toward highly personal questions about those who would govern it.

The 60's Meet the 80's; Disclosures on Marijuana Widen Debate Over Public Standards and Private Lives

LEAD: Eleven people were killed today when a huge bomb exploded as crowds gathered in Enniskillen for a wreath-laying ceremony honoring Britain's war dead.

I.R.A. IS SUSPECTED

LEAD: Three horses trained by Peter Ferriola who raced at Aqueduct last week subsequently tested positive for the prohibited medication Lasix, the track stewards said yesterday.

Horse Racing; 3 of Trainer's Horses Fail Drug Tests

LEAD: Republican leaders left a meeting with President Reagan on Friday confused about what was said and without a clear direction on budget priorities, reflecting a split among Republicans and indecision in the White House, participants in the meeting said today.

Budget Meeting With President Puzzles G.O.P.

LEAD: On her first trip to Manhattan, 19-year-old Melissa Tomaini was standing where so many in this town of big dreams and stardust hope to be: under the stage lights of a New York City theater. But her big chance turned out to be an especially small one.

Actively Seeking Stardom in Manhattan

LEAD: The latest plunge in the value of the dollar against other major currencies means that the prices of imported goods - ranging from German wines to Italian shoes to Japanese cars - will rise in coming weeks and months, according to importers, industry officials and economists.

Prices of Some Imports Can't Help but Go Up

LEAD: There is a new ugly word in China: inflation.

International Report; Swiftly Rising Prices Alarm China's Leaders

LEAD: They march through Grand Central Terminal or the Port Authority bus station, headed for Macy's, the South Street Seaport or a Broadway matinee. But first, they must pass the homeless men numbed by Thunderbird who snore under newsprint blankets and the ragged women who rant incoherently about Jesus, Ronald Reagan or their lost loves.

First Look at Homeless: A Raw Sight for Tourists

LEAD: When she was fatally beaten one week ago, 6-year-old Elizabeth Steinberg was no stranger to New York City social workers. Over four years, they had twice visited her home to investigate reports of possible mistreatment and had at least once inspected her body for bruises and other signs of abuse.

Preventing Child Abuse: When Early Hints Are Not Enough

LEAD: BEFORE the season, Jim McMahon posed for a poster in a bomber jacket and sunglasses, smoking a pipe and invoking the pledge, ''I shall return.'' The allusion seems apt, although Gen. Douglas MacArthur, as far as anyone can recall, never wore a punk hairdo. The Bears' quarterback, like MacArthur a cantankerous field commander who doesn't always agree with the boss, has also made good on his promise.

Bears' General Has Returned As Promised

LEAD: The Soviet Union has acquired equipment and technology needed to produce an advanced material that can increase the accuracy of nuclear warheads by buying the items from the Scottish subsidiary of a New Jersey company, Government officials said.

TECHNOLOGY LEAK TO SOVIET FOUND

LEAD: The sudden decline in interest rates that began when stock prices plunged on Oct. 19 has been large enough to help assure many economists that turmoil in the stock market will not lead to a recession.

Rate Drop Is Viewed As Cushion

LEAD: When the stock market collapsed last month, American auto manufacturers braced themselves for a sharp downturn in their already sliding sales.

U.S. AUTO MAKERS GET A LIFT

LEAD: Four decades after their parents and grandparents swarmed from revolutionary upheaval in China to the safety of Hong Kong, a wave of young Chinese professionals is again fleeing Communism, packing their bags for Canada, the United States and Australia.

Hong Kong, Wary of China, Sees Its Middle Class Fleeing

LEAD: The neighbors around Washington Square Park, once one of New York City's most blatant drug bazaars, now tell a story with an unusual, happy ending: Greenwich Village won, the drug dealers lost.

Crushing the Drug Dealers of Washington Square

LEAD: The dollar's accelerated decline against the yen last week foreshadows bigger profits for Avon Products Inc. Japan is Avon's largest foreign market, and the stronger yen will translate into more dollars when the money is accounted for at the company's New York headquarters.

Puzzling Out Foreign Profits

INSIDE

LEAD: Program trading, a sophisticated form of securities trading that critics have blamed for contributing to the stock market plunge three weeks ago, will resume today, leaving some analysts concerned about renewed volatility in stock prices.

Full Program Trading To Resume on Wall St.

LEAD: Administration officials today weighed conflicting advice from senators and conservative strategists on how quickly to proceed in naming a new nominee for the Supreme Court.

REAGAN WEIGHING CONFLICTING ADVICE ON COURT NOMINEE

LEAD: Jeff Rutledge finally won his first National Football League game at the age of 30 tonight. And it came just in time to keep alive the Giants' bruised playoff hopes.

Giants Pull Together to Win, 17-10

LEAD: ''I'm satisfied beyond doubt that this was the work of the I.R.A.''  - Sir John Hermon, chief of the Royal Ulster Constabulary.  [ A1:1. ]

November 9, 1987

Headlines from November 9, 1987

BUSINESS DIGEST: MONDAY, NOVEMBER 9, 1987

Metro Matters; Lindsay Reunion: Good Old Days Of Urban Strife

CENTRAL BANKERS IN TALKS

Key Setback For Lilco; P.S.C. Action Viewed as Death of Shoreham

The 60's Meet the 80's; Disclosures on Marijuana Widen Debate Over Public Standards and Private Lives

Billboard 200

Tunnel Of Love

Bad

Dirty Dancing

Whitesnake

A Momentary Lapse Of Reason

Historical Context for November 9, 1987