Dateline: Events/Headlines - Week of January 8, 1986 In News, Pop Culture, Tech, Celebrity, Entertainment & Fascinating Facts
In The News
President Reagan orders all Americans to leave Libya, denouncing Moammar Kadafi as “a pariah in the world community.”
Col Moammar Kadafi condemned the men who attacked the Rome and Vienna airports as “completely mad” and pledged to help fight terrorism.
A U.S. intelligence report says that Libya is funding terrorists – and funding them through accounts in the United States. The laundering operation was discovered last week. All accounts have been frozen.
Britain – Defense Secretary Michael Heseltine resigns in a spectacular government row after accusing Prime Minister Margaret Thatcher of stifling his campaign against the sale of Britain’s only helicopter firm to American-led interests.
Weekly radio - President Reagan suggested that nations that continue to deal with Libya are placing trade above morality.
Business/Economy news – January 8, 1986
Wholesale prices rose 1.8% in 1985 – the lowest inflation rate in 20 years!
Unemployment eases to 6.9% the lowest rate since April of 1980 and good news for the Reagan Administration.
The Dow slides 39 points after a run-up. It’s the biggest one-day nosedive recorded (so far).
Kodak, losing a bid to block a court order – is getting out of the instant photo business. In October a federal Judge ruled that Kodak had infringed on seven U.S. patents owned by rival Polaroid. The judge now has barred Kodak from making or selling the instant products effective this week.
Sports news – January 8, 1986
The Raiders have the highest average salary at $217,000. They’re followed by the New Orleans Saints at $217,000.
Baseball commissioner Peter Ueberroth finishes a series of meetings with 24 players who have either undergone drug rehabilitation or who were involved in last summer’s Pittsburgh drug trials.
Music news – January 8, 1986
Singer Luther Vandross is hospitalized with injuries suffered in a car accident. A passenger in his car was killed.
Entertainment news – January 8, 1986
Passing – Beloved actress Donna Reed (64) from complications of pancreatic cancer.
On “Saturday Night Live” – Chevy Chase hosts with musical guest Sheila E.
Monday Night Television listings/programming/TV guide – January 8, 1986
CBS – Mary, Foley Square, Movie
NBC – Highway To Heaven, Blacke’s Music, St Elswhere, Tonight, David Letterman
ABC – The Insiders, Dynasty, Hotel. Nightline
PBS – National Geographic
Lifetime - Dr. Ruth
Showtime- Superstars of Comedy Salute the Improv
HBO – Elvis – One Night With You
Top movies – January 8, 1986
The Jewel of the Nile
Fool For Love
Twice In A Lifetime
Young Sherlock Holmes
Spies Like us
A Chorus Line
The Color Purple