Week of Dec 28-31, 1986
The Kremlin rejects a U.S proposal for a televised exchange of New Year’s
greetings by President Reagan and Mikhail s. Gorbachev saying superpower
relations are too strained to repeat 1986’s good-will messages.
The Justice Department says it has reached confidential, out-of-court settlements
worth $750,000 each with the families of the astronauts who died in the explosion
of the Challenger last January.
Marking the seventh anniversary of the Soviet Union’s invasion of Afghanistan,
President Reagan urges Moscow to withdraw its troops from the stalemated
guerrilla war.
The Philippine government files suit seeking title to five New York properties in
the first court-action by president Corazon Aquino’s administration to regain
some of the billions in hidden wealth it says were
amassed by ex-President Ferdinand E. Marcos.
The nation’s trade deficit surges to a record $19.2 billion
in November, reversing a three-month improvement
trend.
Business news -
Merck & Co., which had soaring profits through the first
three quarters of this year, is named the most admired
corporation in the U.S in a survey by Fortune magazine.
Music news -
“She’s the girl next door, who happens to pose topless.”
The appeal of
Samantha Fox
, according to Ed Strait of
Jive Records.
Hit makers “
Wang Chung
” are not
Chinese (of course). But, what does it
mean? According to their record
company bio - Wang Chung is the sound
produced by the sudden and quite
deliberate striking of guitar strings.”
Wang Chung is Jack Hues and Nick
Feldman.
