Week of November 17, 1986

President Reagan says he has “absolutely no plans” to send more arms to Iran.”

Philippine President Corazon Aquino declares that she is

“ready to lead the war against the nation’s Communist

Insurgency as her government prepares to abandon efforts

to negotiate a nationwide cease-fire with leaders of the 17-

year rebellion.

President Reagan takes personal responsibility for his

Administration’s secret shipment of arms to Iran but insists

that the operation had not been a mistake.

The Soviet Union will unveil a new law this week allowing limited forms of small

private enterprise similar to those permitted, then banned in the 1920’s. The new

law is expected to provide a legal framework for million of individual repairmen

and craftsmen who now moonlight illicitly from their regular jobs.

More contra - Former presidential adviser Robert

McFarlane says arms shipments to Iran turned out to be

“a mistake” and takes responsibility for the failure to

anticipate harsh public and diplomatic reaction to the

secret operation.

More contra - Secretary of State George Shultz and

Adm. William Crowe Jr., the chairman of the Joint Chiefs

of Staff call on President Reagan to fire national security adviser Jon M.

Poindexter for approving the shipment of U.S. arms to Iran to help free American

hostages.

Philippine President Corazon Aquino announces that he has asked her entire

Cabinet to resign, but so far, has accepted one resignation.

Eastman Kodak Co becomes the fifth major U.S. corporation in three months to

withdraw from South Africa and the first to pull its products from the marketplace

in that nation. Kodak blamed South African racial policies and a slow-down of the

nation’s economy for the withdrawal.

In Manhattan - 600 yellow taxis flood two main routes into the borough, clogging

rush hour traffic and converging on City Hall to protest the city’s refusal to grant a

fare increase. Mayor Edward Koch called the threat by protest organizers to

stage other strikes “yellowmail.”

Week of November 17, 1986

The new federal tax package will reduce deductions on personal credit interest -

including charge cards, personal loans and time payments over the next five

years. Currently, such interest is 100% deductible. Here is the table…

1987 - 65% deductible

1988 - 40%

1989 - 20%

1990 - 10%

1991 - Gone.

Technology - AT&T proposes a long-distance rate

cut averaging 8.1% as of January 1. The new rates were spurred in part by a

federal government order to cut the profit margin for the company’s interstate

business from 12.75% to 12.2% effective the first of the year.

Medical - Doctors at Johns Hopkins Hospital announce the first successful

implant of a new insulin pump, a device they say could help the 1-million insulin-

dependent diabetics in the United States.

Media - Taft Broadcasting say it has agreed to sell five non-affiliated

(independent) TV stations to TVX Broadcasting Group for $240 million in cash.

The stations are - WTAF- Philadelphia, WCIX-Miami, KTXA-Dallas, KTXH-

Houston and WDCA-Washington. All are UHF stations.

Sports -

Las Vegas - Mike Tyson becomes the youngest

heavyweight champ by knocking out Trevor

Berbick. He did it in the second round.

Radio news -

The helicopter crash that killed WNBC traffic

reporter Jane Dornacker on Nov. 8 was reportedly

caused by a mechanic’s error in installing the

vehicle’s clutch three weeks ago.

Wow - Top-40 KIIS-FM gets a 7.1 share in the last

ratings. KIIS-FM is playing 11-song sweeps with

“more variety, less repetition.”

KDAY AM Los Angeles (1580) is playing all rap. Wow!

Week of November 17, 1986

Entertainment news -

The parents of “Dallas” star Patrick Duffy are

shot to death in an apparent robbery attempt at a

bar they owned in Montana. Police identified the

victims as Terence and Marie Duffy, both in their

60’s. Arrested were two Helena men - Sean

Wentz and Ken Miller, both 19. One had blood

all over him when arrested, along with a

shotgun. The pair was arrested after stealing a

truck and leading police in a high-speed chase.

The bar was called “The Lounge” and located in Boulder, Montana.

Newsman Jim Lehrer of PBS is also a playwright and his first - “Chili Queen”

debuts in New York this week.

Dick Clark Productions hopes to raise $16 million with a proposed IPO.

Passing - character actor Alan Hewitt (71) who also directed in stage, movies

and television. Best known as “Detective Brennan” in the 1960’s sitcom “My

Favorite Martian.”

Passing - Siobhan McKenna - famous Irish actress. She

was either 63 or 64.

Music news -

L.A. music scene - Madam Wong’s West, one of the

breeding grounds for West Coast rock bands is going away.

Owner Esther Wong, whose Madame Wong’s Chinatown-

based club also supported the rock scene, says she’s had it.

“I just thing the club scene is burning out… I really miss the days when the

Plimsouls and the Motels were here all the time. But those days are gone.” Wong

was instrumental for supporting bands such as Oingo Boingo, the Knack, the Go-

Go’s and many others, before they had record deals.

Everyone is scared of digital? Senate sponsors fail in the last days of the

Congress to pass a stopgap item to halt early 1987 importation of digital

audiotape (DAT) cassette machines. S.2842 introduced in late September by

Sen. John Danforth (R-MO), would have placed a prohibitive duty of 35% on DAT

machines that are not equipped with anti-copying chips and a 4.1% tariff rate on

DAT machines with the chips.

Week of November 17, 1986

Live Aid’s Bob Geldof, who was once

lead of the Boomtown Rats, has his first

solo album out with “Deep in the Heart of

Nowhere.” Geldof’s contributions to

famine crusade - particularly highlighted

by heading Live Aid, made this a much-

anticipated album. After all, he’s been out

of the studio for about two years. Many

are asking - will Geldof’s stature as a

musician equal his standing as a

humanitarian? Here in this country, “The

Boomtown Rats were thought of as brash

and lacking revolutionary spirit of the

punk music scene.

Seen on MTV an anti-drug spots. One features former Sex Pistols guitarist Steve

Jones saying - “A good friend of mine, Sid Vicious, died of drugs. I nearly died

from drugs. Drugs suck…”

Compact Disc update - CBS Records predicts that domestic manufacturing

capacity for compact disks will catch up with demand sometime in 1987, leading

to price reduction pressures and greater label attention to catalog fill.

It’s Bruce mania - “Bruce Springsteen & The E Street Band Live/1975-1985”

becomes the first album in more than 10 years - and the fourth in rock history -

to debut at No. 1 on the national charts. Bruce is everywhere. FM rock stations

are playing a ton of cuts from the collection.

Madonna has collaborated with producer Stephen Bray

on the debut single by a new Sire (Records) artist - Nick

Kamen. Look for “Each Time You Break My Heart”

soon. Madonna is making another movie - she’ll star in

the upcoming Warner Bros. Movie “Slammer.”

Television news -

On Saturday Night Live - Robin Williams is the guest

host with musical guest Paul Simon.

Despite efforts by CBS to keep him on, commentator,

Bill Moyers says he is returning to public television.

Week of November 17, 1986

New CBS mornings beginning Jan. 12 - “The CBS

Morning News” followed by “The Morning Program.” The

first will be more hard news and will be anchored by

Forrest Sawyer and Faith Daniels. This will be followed by

“The Morning Program” which features two comedians -

Bob Saget and Mark McEwen as its weatherman and

announcer and will be co-hosted by Mariette Hartley and

Rolland Smith.

Friday night television -

CBS - Scarecrow and Mrs. King, Dallas, Falcon Crest

NBC - Amazing Stories, Miami Vice, L.A. Law, Tonight Show

ABC - Webster, Mr. Belvedere, Love Boat (2 hours)

PBS - Washington Week, Wall St. Week

A&E - Jazz at the Smithsonian, Movie

WTBS - Night Tracks

Dallas - The CIA questions J.R. about Calhoun.

Miami Vice - Crockett and Tubbs go

after a black marketer who sells Colombian

infants for adoption.

Tonight Show - Paul Shaffer joins Johnny.

Late Show starring Joan Rivers (Fox) -

Frank Zappa, the Bangles, Chuck Norris,

Willard Scott.

Saturday night television -

CBS - Houston: The Legend of Texas

NBC - Facts of Life, 227, Golden Girls, Amen, Hunter, Saturday Night Live

ABC - Sidekicks, Sledge Hammer, Heart of the City, Spenser for Hire

Houston: The Legend of Texas - stars Sam Elliot who portrays frontier war hero,

statesman and politician Sam Houston.

Top Albums -

Fore! - Huey Lewis & The News

Third Stage - Boston

Slippery When Wet - Bon Jovi

Week of November 17, 1986

Tina Turner - Break Every Rule

True Colors - Cyndi Lauper

The Bridge - Billy Joel

True Blue - Madonna

Graceland - Paul Simon

Somewhere In Time - Iron Maiden

Word Up - Cameo

Top Gun Soundtrack

Rapture - Anita Baker

Raising Hell - Run-D.M.C.

Control - Janet Jackson

True Stories - Talking Heads

Whiplash Smile - Billy Idol

Night Songs - Cinderella

Give Me The Reason- Luther

Vandross

Invisible Touch - Genesis

Dancing Undercover - Ratt

Eat ‘Em and Smile - David Le Roth

Crash - Human League

Hot Hits -

True Blue - Madonna

Human - Human League

Amanda - Boston

The Next Time I Fall - Peter Cetera/Amy Grant

You Give Love A Bad Name - Bon Jovi

Hip To Be Square - Huey Lewis & The News

The Way It Is - Bruce Hornsby & The Range

Take Me Home Tonight - Eddie Money

I’ll Be Over You - Toto

The Rain - Oran “Juice” Jones

Word Up - Cameo

I Didn’t Mean To Turn You On - Robert Palmer

Everybody Have Fun Tonight - Wang Chung

To Be A Lover - Billy Idol

Walk Like An Egyptian - The Bangles

Freedom Overspill - Steve Winwood

True Colors - Cyndi Lauper

Stand By Me - Ben E. King

Notorious - Duran Duran

Don’t Get Me Wrong - Pretenders

Week of November 17, 1986

Top Country -

She Used To Be Somebody’s Baby - Larry, Steve,

Rudy - The Gatlin Bros.

You’re Still New To Me - Marie Osmond/Paul Davis

Touch Me When We’re Dancing - Alabama

Hell And High Water - T. Graham Brown

Too Much Is Not Enough - Bellamy Brothers/Forester

Sisters

Mind Your Own Business - Hank Williams Jr.

Give Me Wings - Michael Johnson

Daddy’s Hands - Holly Dunn

Wine Colored Roses - George Jones

At the Sound of the Tone - John Schneider

Top Hits In Britain -

Every Loser Wins - Nick Berry

Take My Breath Away - Berlin

Walk Like An Egyptian - Bangles

In the Army Now - Status Quo

You Keep Me Hanging On - Kim Wilde

All I Ask Of You - Cliff Richard/Sarah Brightman

Showing Out - Mel & Kim

Midas Touch - Midnight Star

Top Album Rock Cuts -

We’re Ready - Boston

Don’t’ Get Me Wrong - Pretenders

Change in the Weather - John Fogerty

To Be A Lover - Billy Idol

I Want To Make The World - Steve Miller

Don’t Stand So Close To Me - Police

Keep You Hands To Yourself - Georgia Satellites

Who Owns This Place - Don Henley

The Way It Is - Bruce Hornsby

What About Love - ‘Til Tuesday

Stay The Night - Benjamin Orr

Hip To Be Square - Huey Lewis

At the movies -