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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

Basic Training

White Night’s

Rocky IV

The Color Purple

Enemy Mine

101 Dalmatians

 
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