LEAD: The turmoil in the ''junk bond'' market that began in the middle of last year shows no sign of easing soon.

  A Tumultuous Year for 'Junk Bonds'

LEAD: Matthew R. Starr washes pots and pans in the Marriott Hotel here. For $3.60 an hour, 40 hours a week, he presides over three arm-deep steel sinks, one for washing, one for a regular rinse and one for an extra sanitizing rinse.

For the Retarded, Independence in Real Jobs

LEAD: Fares in New York City increased to $1.15 yesterday for bus and subway riders, many of whom New Year's morning caught rumpled and bleary eyed, fumbling for the extra nickel and dime to get them home.

Transit Lines Brace for Test Of $1.15 Fare

LEAD: Most credit market analysts predict that the gradual decline in interest rates that began last spring is likely to continue well into the first half of 1990. By summer or early fall, however, the bottom will have been reached and a firming trend will emerge, they say.

  Analysts See Lower Rates In First Half

LEAD: For years Wall Street has been a beacon of wealth and glamour for talented young people willing to work punishing hours for mind-boggling pay. Today, as Wall Street shrinks back to life-size proportions, the game has shifted to making a living, not a killing.

  For Many On Wall St., A Post-80's Hangover

LEAD: When Doru Pavaloiae, an economist, met an old classmate on Lipscani Street here at a time when Nicolae Ceausescu was still in power in Rumania, the two men talked, and in the conversation he let slip that he would like to leave the country.

Upheaval in the East: The Dossier;   Rumanian Finds His File: 12 Years of Being Watched

LEAD: When he was a youngster growing up in Philadelphia, Roman Mirchuk listened intently as his father, Petro, almost every evening after dinner talked of the four bitter years he spent in Auschwitz.

Our Towns;   Where Changes In the U.S.S.R. Resonate Loudly

LEAD: President Vaclav Havel told the citizens of Czechoslovakia today that their Communist leaders had lied to them for 40 years, that their country was in a serious economic and environmental crisis, and that only a return to the values of honesty, decency and mutual respect could lead to recovery.

Upheaval in the East: Prague;   Havel Tells Festive Czechoslovaks That Honesty Is Key to Recovery

LEAD:    Let Me See. $3.45 From $10.... Are You in a Hurry?    Subway fares went to $1.15, and calculators were distributed to token booth clerks, many of whom have never had to make change in coins.

INSIDE

LEAD: The Federal Census Bureau, conceived 200 years ago as a national adding machine, has in the last decade evolved into something more: the engine of the multimillion-dollar information industry that is battling for the hearts and modems of American business.

Census in the Age of Information Grows to Fill a Hunger It Created

LEAD:    Wall Street Outlook       For many people, investing in 1989 was like having a miserable time at what should have been a great party. Whether 1990 is any better may depend on whether interest rates fall fast enough to offset declining profits. Last year, the popular market indexes posted their second best gain of the decade, with the Dow Jones industrial average rising 27 percent.

BUSINESS DIGEST

LEAD: A REVOLUTION is taking place in attempts to understand how the continents were born and grew. Geologists once drew a simple picture of a single great land mass, assembled from earlier fragments, breaking into pieces 150 million years ago to form the continents of today. Now they say the process was much more complicated.

Continents In Motion: Patchwork Process

LEAD: JUST 65 feet below the sea off the northern coast of the tiny Greek island of Dokos, archeologists are digging for buried treasure: the 4,200-year-old remains of what they believe is the oldest shipwreck in the world.

Aegean Sea Floor Yields Clues to Early Greek Traders

LEAD: With what a mediator called a ''win-win'' accord, the Pittston Company and leaders of its coal miners said today that they had resolved their brutal, nine-month strike in the hills of Appalachia.

Pittston and Miners in Accord To Resolve Bitter Coal Strike

LEAD: The lamps were burning late in the afternoon of Christmas Day in the office of Eugenio F. Lari, director of East European operations for the World Bank, as he completed a report on a project to modernize the Hungarian banking system.

I.M.F. and World Bank Face New Task in Eastern Europe

LEAD: AT precisely 7:30 one evening, Dr. Stanley J. Opella sauntered into a packed lecture room at Memorial Union, a large, red stone building on the banks of Lake Mendota at the University of Wisconsin in Madison. The chemists and physicists who had gathered for a five-day meeting filled every chair and lined the sides and back of the room, pushing closer together as more and more scientists came in through a side door.

To Make the Big Time of Science, Better Take Your Show on the Road

LEAD: For many an investor, living through 1989 was like having a miserable time at what should have been a great party. Whether 1990 is any better may depend on whether interest rates fall fast enough to offset declining profits.

Market Place;   Why '89 Party Had So Few Winners

LEAD: There is a point between the end of the old year and the beginning of the new, when, in effect, time must stand still so that man can look back at what he has done and look ahead to what he must do.

'Between the Years,' Religious Group Takes Time to Pray

LEAD: A leader of Rumania's provisional Government said today that the ruling group would put forward its own candidates in the free elections promised for April.

Upheaval in the East: Bucharest;   NEW RULING GROUP IN RUMANIA TO VIE IN APRIL ELECTIONS

LEAD: For many investors, living through 1989 was like having a rotten time at what should have been a great party.

In 1989, Wall Street Was Not Easy Street

LEAD: Pledging to be ''the Mayor of all the people,'' David Norman Dinkins, a barber's son who built a political triumph, took the oath of office yesterday as the 106th Mayor of New York City in a simple and solemn ceremony on the steps of City Hall.

Mayor Dinkins;   Dinkins Sworn In; Stresses Aid to Youth

LEAD: After 18 years of litigation and two landmark court rulings, New Jersey's Mount Laurel open-housing doctrine is embroiled in lawsuits again, this time over a law that allows suburbs to transfer their affordable-housing obligations to cities.

Open Housing Is Mired in Lawsuits Again

LEAD: All financial markets in the United States and most world markets were closed yesterday because of New Year's Day.

Markets Closed

LEAD: ''I stand before you today as the elected leader of the greatest city of a great nation, to which my ancestors were brought, chained and whipped in the hold of a slave ship. We have not finished the journey toward liberty and justice, but surely we have come a long way.''     -Mayor David N. Dinkins of New York City.

Quotation of the Day

LEAD: Following is a transcript of Mayor David N. Dinkins's inaugural address yesterday, as recorded by The New York Times.

  Text of Dinkins Speech: 'We Are All Foot Soldiers on the March to Freedom'

Alan Hale Jr. was an American actor and restaurateur. He was the son of actor Alan Hale Sr. His television career spanned four decades, but he was best known for his secondary lead role as Captain Jonas Grumby, better known as The Skipper, on the 1960s CBS comedy series Gilligan's Island (1964–1967), a role he reprised in three Gilligan's Island television films and two spin-off cartoon series.

Alan Hale Jr., American film and television actor (born 1921)

Alan_Hale_Jr.

Evangelos Averoff-Tossizza was a Greek politician, leader of the New Democracy party (1981–1984), member of parliament, and author.

January 2, 1990

Headlines from January 2, 1990

A Tumultuous Year for 'Junk Bonds'

For the Retarded, Independence in Real Jobs

Transit Lines Brace for Test Of $1.15 Fare

Analysts See Lower Rates In First Half

For Many On Wall St., A Post-80's Hangover

Billboard 200

...But Seriously

Girl You Know It's True

Storm Front

Janet Jackson's Rhythm Nation 1814

Forever Your Girl

Notable Deaths

Historical Context for January 2, 1990