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World Events

  • 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).

U.S. Events
  • 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).
Economics

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
Unemployment:   6.2%
Cost of a first-class stamp:   $0.22

Sports

Super Bowl
NY Giants d. Denver (39-20)

World Series
Minnesota d. St. Louis Cardinals (4-3)

NBA Championship
LA Lakers d. Boston (4-2)

Stanley Cup
Edmonton d. Philadelphia (4-3)

Wimbledon
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
Alysheba

Entertainment

Events

  • 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.

Movies

  • Moonstruck, Wall Street, The Last Emperor, Fatal Attraction

Books

  • Penelope Lively, Moon Tiger

  • Toni Morrison, Beloved

Science
  • Prozac released for use in US by Eli Lilly & Company. Background: Health & Nutrition

  • AZT 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



Deaths
  • William Casey (CIA)

  • Andy Warhol

  • Rudolf Hess

  • John Huston

  • James Baldwin

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