William Buckley, American hostage in Lebanon, reported slain (Jan. 20).
Iraqi missiles kill 37 in attack on US frigate Stark in Persian Gulf (May 17); Iraqi president Hussein apologizes (May 18).
Prime Minister Thatcher wins rare third term in Britain (June 11).
Klaus Barbie, 73, Gestapo wartime chief in Lyon, sentenced to life by French
court for war crimes (July 4).
- US Supreme Court rules Rotary Clubs must admit women (May 4).
- US Supreme Court Justice Lewis F. Powell, Jr., retires (June 26).
- Oliver North, Jr., tells Congressional inquiry higher officials approved his secret Iran-Contra operations (July 7–10).
- Admiral John M. Poindexter, former National Security Adviser, testifies he authorized use of Iran arms sale profits to aid Contras (July 15–22).
- George P. Shultz testifies he was deceived repeatedly on Iran-Contra affair (July 23–24).
- Defense Secretary Caspar W. Weinberger tells inquiry of official deception and intrigue (July 31, Aug. 3).
- Reagan says Iran arms-Contra policy went astray and accepts responsibility (Aug. 12).
- Senate, 58-42, rejects Robert H. Bork as US Supreme Court Justice (Oct. 23).
US GDP (1998 dollars): $4,692.30 billion
Federal spending: $1003.91 billion
Federal debt: $2346.1 billion
Median Household Income
(current dollars): $26,061
Consumer Price Index: 113.6
Cost of a first-class stamp: $0.22
NY Giants d. Denver (39-20)
Minnesota d. St. Louis Cardinals (4-3)
LA Lakers d. Boston (4-2)
Edmonton d. Philadelphia (4-3)
Women: Martina Navratilova d. S. Graf (7-5 6-3)
Men: Pat Cash d. I. Lendl (7-6 6-2 7-5)
Kentucky Derby Champion
- Though African, Latin American and other genres of international music have been around for centuries, a group of small, London-based labels coin the term "world music," which helps record sellers find rack space for the eclectic music.
- thirtysomething debuts on ABC and departs from typical dramas, featuring analytical, self-absorbed baby-boomer characters.
- Moonstruck, Wall Street, The Last Emperor, Fatal Attraction
- Penelope Lively, Moon Tiger
- Toni Morrison, Beloved
Prozac released for use in US by Eli Lilly & Company. Background: Health & Nutrition
wins FDA approval for use in the treatment of AIDS.
An international treaty signed in Montreal calls for a 50% reduction in the use of CFCs by the year 2000 (Sept. 16). Background: environmentalism
Richard Branson and Per Lindstrand make the first transatlantic hot-air balloon flight. 2,790 miles from Sugarloaf Mountain, Maine, to Ireland Virgin Atlantic Flyer (July 2–4). Background: Famous Firsts in Aviation
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William Casey (CIA)