Week of December 1, 1986

Reagan‟s former national security adviser,

invokes the Fifth Amendment in refusing to

answer questions at a closed hearing of the

Senate Intelligence Committee.

Also pleading the Fifth - Oliver North -

during his testimony before the Senate

Intelligence Committee.

Senate Majority Leader Bob Dole urges

President Reagan to call special session of

Congress so that a joint House-Senate

committee could be appointed to conduct a

Watergate-type investigation into the Iran-

contra affair.

Wants all the facts to come out - President Reagan says he will welcome the

appointment of special prosecutor if it is recommended by Atty. Gen. Edwin

Meese III to investigate the funneling of Iranian weapons payments to

Nicaraguan rebels.

President Reagan defends his policy of opening secret contacts with Iran and

says mistakes were made “by aides carrying out that policy” and called its

sanction “flawed.”

senate committee that will soon be created to

investigate the Iran arms scandal will neither

protect or “be out to get” President Reagan or

anyone else.

The Soviet Union says that it will abide by SALT II

limits on strategic nuclear arms despite the

Reagan Administration‟s “big mistake” in deciding

to abandon the ungratified treaty.

President Reagan defends two of his former aides

for invoking the Fifth Amendment before the

senate Intelligence Committee and said he will

allow his Cabinet officers to decide for themselves

Week of December 1, 1986

whether they will do the same if called to testify.

President Reagan names Frank Carlucci, a former top Pentagon and CIA official

to replace Vice Adm. John Poindexter as his White House national security

adviser.

The Reagan administration asks for an independent counsel to investigate

clandestine U.S. arms sales to Iran and the diversion of profits to the Nicaraguan

rebels.

Nancy Reagan, who insiders say has great influence over the President‟s choice

of staff, denies that she has recommended the removal of White House Chief of

staff Donald T. Regan over the Iran arms controversy.

resigning his White House post after 5 1/2 years to join Merrill

Lynch & Co.

Presidential spokesman Larry Speakes says the White House

is “a little bit at odds” with defense Secretary Caspar

Weinberger over Weinberger‟s assertion that President

Reagan got bad advice about Iran.

Vie President George Bush, conceding that the Administration‟s „credibility has

been damaged,” says he fully supported the secret arms sales to Iran, but knew

nothing of the diversion of funds to the contra forces.

Kirk Kerkoran will return to the airline business. He intends to begin an all first-

class carrier named MG Grand Air. Te airline, which will have a total of $20

million invested, plans to begin service with two airlines April 20, initially between

Los Angeles and Newark, N.J. The two planes are 727‟s.

chairman of General Motors Corp. subsidiary Electronic

Data Systems Corp. resigns after months of feuding with

GM Chairman Roger Smith. GM‟s board of directors

approved the buy-out of all of Perot‟s GM stock for about

$750 million. Perot said he will give the auto maker two

weeks to reconsider its “morally wrong” buyout plan that

would close 11 factories and throw 30,000 people out of

work, since he doesn‟t believe GM will keep the company.

GM tried to sell all or part of EDS to American Telephone &

Telegraph Co. last month, but the deal fell through. The company was founded

Week of December 1, 1986

by Perot in 1962. He got the idea for the company after spending several years

as an IBM salesman.

Sports - Larry Bird strains an achilies‟ tendon at Hartford, where the Washington

Bullets ended the Celtics‟ home winning streak at 48 games.

he virtually patented the two-minute offense as a

quarterback in the 1950‟s and „60‟s for the Lions and

Steelers.

Entertainment news -

Passing - Desi Arnaz (69) of cancer. A

legend in front of, and behind the camera.

Played sometimes villain on TV‟s “Superman.”

Passing - Bandleader Horace Heidt (85).

Jerry Weintraub is fired by UA owner Kirk KerKorian after six

months as Chairman and CEO.

Gene Roddenberry on the Star Trek pictures - “I invented the

term „executive story consultant‟ and set the rules: that they

have to show me everything they do. From the first lines

(through) all the rewrites and the dailies I can comment, but the rule I make for

myself is that they have no obligation to do what I tell them to do.” But they‟ll still

be areas where Roddenberry draws the line: “If Captain Kirk and company land

on a planet and they start zapping things because they‟re ugly, then that‟s the

day I call a press conference and announce my way out.‟

Radio news - Westwood One, a leading radio syndicator, buys industry trade

paper Radio & Records. Price is around $15 million.

civil lawsuit that charges the band‟s heavy metal music induced two Nevada

youths to shoot themselves. The lawsuit, which also names CBS Records, was

filed by James Vance and the mother of Raymond Belknap. Vance was injured,

but Belknap died in the incident.

Week of December 1, 1986

Television news -

Co have reached agreement to forma production company in

a join venture. Gannett says it has acquired Laird Intl. Studios

for $24 million. Tinker was head of the successful MTM

enterprises which he and Mary Tyler Moore formed, before

leaving to become chairman of NBC.

Thursday night television -

CBS - The Twilight Zone, Simon & Simon, Designing Women,

Knot‟s Landing

NBC - The Cosby Show, Family ties, Cheers, Night Court, LA Law, Tonight

Show

ABC - Our World, The Colbys, 20/20, Nightline

PBS - The Making of a Continent

HBO - Inside the NFL

Showtime - Heartbreak House

Tonight Show - Jay Leno guest hosts with guests Amy

At the movies -

The Golden Child

Three Amigos

Crimes of the Heart

Song of the South

Blue Velvet

Star Trek IV

Children of a Lesser God

Firewalker

Crocodile Dundee

The Color of Money

Scorpion

An American Tail

Peggy Sue Got Married

Heartbreak Ridge

Soul Man

Week of December 1, 1986