NerdiestKen
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Post by NerdiestKen on Apr 8, 2023 16:03:24 GMT -6
Thatcher Wins 3rd Term in Britain - June 1987 For the first time since the 1820s, a British prime minister was elected to a third consecutive term. Margaret Thatcher and her Conservative Party, which had first come to power in 1979, swept to victory, June 11, in parliamentary elections. The Tories ran on a record of having reducing taxes, inflation, and labor strife. Thatcher's party won 375 seats in Parliament, a slight decline from 392 in the old Parliament. Labour won 229 seats and the centrist Alliance of the Liberal and Social Democratic parties won 33 seats. In the popular vote, the results were closer: Tories 42 percent, Labour 33 percent, and the Alliance 23 percent.
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NerdiestKen
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Post by NerdiestKen on Jun 17, 2023 7:43:42 GMT -6
Stock Market Prices Plunge - October 1987 The Dow Jones industrial average, the most widely followed barometer of stock market activity, suffered its three biggest one-day point losses ever during the first half of October. A decline of 91.55 in the average on October 6, was attributed to concern over rising interest rates. On October 7, major banks raised their prime lending rates from 8.75 percent to 9.25 percent, the fifth increase of the year. The Commerce Department reported, October 14, that the U.S. trade deficit had shrunk to $15.7B in August, but it had been widely expected that the deficit would be much smaller. As a result, stock prices fell again, with the Dow Jones average declining by 95.46 points. On October 16, the Dow tumbled 108.36 points, the first time the Dow had lost 100 points in a single session. In terms of percentages, the declines of October 1987 were still substantially smaller than the disastrous declines of October 1929. By October 16, the Dow Jones average had slipped some 450 points below its all-time August highs.
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NerdiestKen
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Post by NerdiestKen on Jun 17, 2023 7:49:51 GMT -6
Falwell Quits PTL Ministry - October 1987 The Rev. Jerry Falwell resigned as chairman of the PTL television ministry. A Federal bankruptcy court, October 7, rejected a reorganization plan submitted by Falwell and ordered creditors of PTL to submit their own plan. The ministry was more than $50M in debt. Falwell and the entire board then resigned, October 8.
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NerdiestKen
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Post by NerdiestKen on Jun 17, 2023 7:53:39 GMT -6
Quake Hits Southern California - October 1987 A moderately severe earthquake, measuring 6.1 on the Richter Scale, struck southern California, October 1, causing 6 deaths, more than 100 injuries, and $59M in damages. At least 15 aftershocks were felt within a few hours, and more occured in subsequent days. Many residents chose to live outdoors. The city of Whittier was the hardest hit. The quake leveled buildings and started fires. It was the worst to hit the area since 1971. A truly immense quake was being forecast for California within the next 50 years.
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NerdiestKen
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Post by NerdiestKen on Jun 17, 2023 7:58:44 GMT -6
Pro Football Strike - October 1987 A strike by pro football players ended in October without achieveing its objectives. The National Football League Players Association ended its 24-day strike, October 15. Negotiation committees had reached agreement on 8 minor issues but not on free agency, the players' biggest demand, which would permit them to move from one clob to another when contracts expired. During the strike, the club owners brought in nonunion players who performed erratically before small crowds and reduced television audiences. The striked was weakened when players defected and began to return to their teams. The union filed an antitrust lawsuit against the league.
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NerdiestKen
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Post by NerdiestKen on Sept 28, 2023 11:03:33 GMT -6
Biggest Wheat Sale Announced - April 1987 The United states announced, April 30, that the Soviet Union had agreed to buy 4M metric tons of subsidized wheat--the largest sale ever of subsidized wheat to one country. The deal fell within the framework of a 5-year commitment by the Soviet Union for the purchase of wheat. Commodities analysis estimated the value of the sale at about $375M.
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NerdiestKen
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Post by NerdiestKen on Sept 28, 2023 11:12:33 GMT -6
10,000 March in Georgia Town - January 1987 In a scene reminiscent of the demonstrations of the 1960s, civil rights supporters took to the streets of a Georgia town in January. The target of the protest march was Cumming, in Forsyth County. The county had been all-white since 1912. Cummings population was about 2,000, the county's 38,000. A small march by black and whites, January 17--to show that "it would be OK for black people to come visit"--was disrupted by members of the Ku Klux Klan and their supporters. On January 24, some 10,000 persons came to Cumming, about 25 miles northeast of Atlanta. Mrs. Coretta Scott King, Mayor Andrew Young of Atlanta, the Rev. Jesse Jackson, and Sen. Sam Nunn (D. Ga) were among the leaders. Again, the marchers encountered protesters, but they were protected by 1,700 Georgia National Guardsmen and 500 Georgia state troopers.
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NerdiestKen
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Post by NerdiestKen on Oct 8, 2023 8:48:54 GMT -6
U.S. Bars Waldheim - April 1987 In the first such action every taken against the head of a friendly country, the U.S. Justice Department barred Austrian Pres. Kurt Waldheim from entering the United States. The department announced its decision, April 27, after a year's investigation. It found a "prima facie case" that during World War II Waldheim had taken part in Nazi war crimes, including the execution of civilians and the mass deportation of civilians to concentration camps and death camps. Waldheim's wartime activities while serving in the German army had become public knowledge in 1986 during his successful campaign for the Austrian presidency. He had formerly served as secretary-general of the United Nations.
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NerdiestKen
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Post by NerdiestKen on Oct 8, 2023 8:55:35 GMT -6
Child Survives Crash Fatal to 155 - August 1987 At least 155 persons died as the result of a crash August 16, of a Northwest Airlines jet that had just taken off from Detroit Metropolitan Airport in Romulus, Mich. Miraculously, a 4-year-old girl, Cecelia Cichan, of Tempe, Ariz., survived. Her father, mother, and brother all died. The death toll was the second-highest ever for a U.S. plane crash. The number of persons aboard the plane was uncertain. Two persons were killed on the ground. The cause of the disaster was not immediately determined.
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NerdiestKen
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Post by NerdiestKen on Oct 8, 2023 9:01:36 GMT -6
U.S. Observes Constitution Bicentennial - September 1987 The 200th anniversary of the signing of the U.S. Constitution was observed, September 17. At the principal celebration, in Philadelphia, Pres. Ronald Reagan stood near Independence Hall and asserted, "In a very real sense, it was then--in 1787--that the revolution truly began." He said it was a revolution "to free man from tyranny of every sort and secure his freedom the only way possible in this world; through the checks and balances and institutions of limited, democratic government." Former Chief Justice Warren Burger, chairman of the Bicentennial Commission, struck a replica of the Liberty Bell. Floats and marching bands containing citizens from all 50 states paraded past Independence Hall.
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NerdiestKen
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Post by NerdiestKen on Oct 8, 2023 9:09:31 GMT -6
U.S. Shuts Down Nuclear Reactor - December 1986 The U.S. Department of Energy announced, December 12, that a nuclear reactor that was an important source of plutonium for nuclear weapons would be shut down for 6 months while safety improvements were made. The reactor, a part of the department's Hanford nuclear complex near Richland, Wash., resembled in design the Soviet Union's reactors in Chernobyl, one of which released a lethal cloud of radiation in 1986 after its core melted down. Like the Chernobyl reactors, the N reactor at Hanford lacked a containment dome that would keep radioactive steam from escaping into the atmosphere if an accident occured. The N reactor, which had opened in 1963 with a projected lifespan of 20 years, had been in the news because of frequent reports of safety violations. The Energy Department said renovations would cost $50M.
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NerdiestKen
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Post by NerdiestKen on Nov 30, 2023 8:35:31 GMT -6
Reagan's Helicopter Nearly Hit - August 1987 In a year which near misses among aircraft had become a growing concern, Pres. Ronald Reagan had a brush with tragedy, August 13. As his helicopter approached his ranch in Santa Barbara, Calif., where he was to begin a vacation, a small private plane flew within 200 feet of it. The helicopter took evasive action, and security guards in a second copter pursued the plane, which landed at Orange County Airport. The pilot, Army Pvt. Ralph Myers, was questioned and then held when it was learned that he was absent without leave from a base in Washington state.
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NerdiestKen
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Post by NerdiestKen on Nov 30, 2023 17:21:31 GMT -6
Trade Deficit Continues to Rise - March 1987 The index of leading economic indicators fell 1 percent in January, the Commerce Department announced, March 3. The Labor Department said, March 6, that the nation's unemployment rate had held steady at 6.6 percent in February for the 3rd straight month. The Commerce Department said, March 18, that corporate profits had risen 6.1 percent in the 4th quarter of 1986. The Labor Department reported, March 13, that prices charged by producers for finished goods had risen 0.1 percent in February. The U.S. balance of payments on current account---the broadest measure of trade with other nations---showed a deficit of $36.84B in the 4th quarter of 1986 and $140.57B for the entire year, both records. The surge on Wall Street continued, with the Dow Jones industrial average posting another all-time high of 2372.59 on March 26. Consumer prices rose 0.4 percent in February, the Labor Department said, March 27. The Commerce Department said, March 31, by raising their prime leading rate, their base rate for corporate loans, from 7.5 percent to 7.75 percent---the first increases by major banks since 1984.
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NerdiestKen
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Post by NerdiestKen on Nov 30, 2023 17:27:45 GMT -6
140 Soviet Dissidents Freed - February 1987 In another apparent move to improve its human-rights image, the Soviet Union, February 10, pardoned and freed 140 dissidents who had been held in prisons and labor camps. They had been convicted of "anti-Soviet agitation and propaganda." The announcement by the foreign ministry appeared to cover the largest number of dissidents freed at one time in more than 3 decades. White House spokesman Marlin Fitzwater said, February 10, the United States welcomed the announcement and hoped that more prisoners would be released soon.
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NerdiestKen
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Post by NerdiestKen on Nov 30, 2023 17:45:57 GMT -6
MLB Final 1987 Standings for National & American Leagues NL Eastern Division St. Louis Cardinals 95W/67L/- New York Mets 92W/70L/3GB Montreal Expos 91W/71L/4GB Philadelphia Phillies 80W/82L/15GB Pittsburgh Pirates 80W/82L/15GB Chicago Cubs 76W/85L/18½GB | NL Western Division San Francisco Giants 90W/72L/- Cincinnati Reds 84W/78L/6GB Houston Astros 76W/86L/14GB Los Angeles Dodgers 73W/89L/17GB Atlanta Braves 69W/92L/20½GB San Diego Padres 65W/97L/25GB | AL Eastern Division Detroit Tigers 98W/64L/- Toronto Blue Jays 96W/66L/2GB Milwaukee Brewers 91W/71L/7GB New York Yankees 89W/73L/9GB Boston Red Sox 78W/84L/20GB Baltimore Orioles 67W/95L/31GB Cleveland Indians 61W/101L/37GB | AL Western Division Minnesota Twins 85W/77L/- Kansas City Royals 83W/79L/2GB Oakland As 81W/81L/4GB Seattle Mariners 78W/84L/7GB Chicago White Sox 77W/85L/8GB California Angels 75W/87L/10GB Texas Rangers 75W/87L/10GB |
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