Week of October 15, 1987

The Reagan Administration attempts to calm tumultuous financial markets even

as the stock market fell sharply for the second day in a row and interest rates

continue to ascend. Treasury Secretary James A. Baker III called recent nose

dive an “overblown” reaction to inflationary fears and misleading trade statistics.

“Conditions do not warrant ‘Apocalypse Now’ worries or scenarios,” said Baker.

As stocks tumble in frantic trading, the New York Stock Exchange says it will

shorten trading hours on Friday, Monday and Tuesday.

Friday - The Dow Jones

plummets 108.36 in the heaviest

trading in history (so far). Over

the past two weeks, the Dow has

lost 393 points and is at 2,248.73.

Everybody’s looking at Monday.

Monday - Fear and panic as the

DOW plunges 508 points - the

largest single-day decline since

the 1929 market drop.

Tuesday - The stock market roars

back from its $500 million

collapse with the Dow Jones up 186.84 - halfway back from Monday’s 508-point

nosedive.

President Reagan tells reporters that he has reached a decision on how to

respond to Tehran’s attacks on U.S.-flagged vessels in the Persian Gulf, but he

gave no details.

( So this is what the President meant ) - U.S. warships and demolition teams

destroy an Iranian oil platform in the Persian Gulf in retaliation

for Iran’s missile attack last week against a U.S. registered oil

tanker in Kuwait.

As hundreds of rescuers and on-lookers cheer - 18-month-

old Jessica McCLure is pulled to safety 58 ½ hours after she

fell into an abandoned well in Midland, TX.

A smiling Nancy Reagan escorted by her husband, kicks up

her heels during a balloon-filled return to the White House five

Week of October 15, 1987

days after breast cancer surgery. “I’m touched… I’m very, very happy to be home

- very.” A grinning President stood by her - “I’ll say, ‘Welcome home.’” “I’m going

to get her upstairs now.”

A disabled Air Force jet clips the roof of a bank and slams into a crowded hotel

near the Indianapolis international airport after the pilot failed to make an

emergency landing and ejected safely from the plane. Nine are dead as the front

of the Ramada Hotel erupted into a fireball.

A newly designed cereal box

featuring a picture taken from a Bela

Lugosi’s role as Dracula is drawing

protests from consumers and Jewish

newspapers, which complain that a

Star of David is prominently displayed

on the character’s chest

The likeness involves a new

technique which is computer lifted.

About 4 million boxes were printed,

but General Mills says the design has

been changed to eliminate the

medallion in future boxes. The boxes

have not been recalled, they will be

sold.

Sports - World Series coverage on

ABC-TV with Al Michaels, Jim Palmer

and Tim McCarver. It’s Minneapolis

Vs St. Louis.

In Atlantic City - Mike Tyson defeats Tyrell Biggs in the seventh round.

For the fifth time - Billy Martin is named as Yankees manager.

Music news -

Country Reba McEntire announces she will make her debut at Carnegie Hall.

The date is Oct. 29.

MTV changing - MTV is now adding top dance music to their video rotations,

despite committing itself last year to a rock only format. One of the reasons -

there seems to be success with “Club MTV” which features these kinds of videos.

Groups such as “Expose” can now get regular exposure on the channel.

Week of October 15, 1987

“Club MTV” is filmed at new York’s Palladium, the show has already featured

performances by Nile Rodgers, Col Abrams, Jellybean with Elisa, the System,

LeVert, the Cover Girls, New Order and Debbie Gibson. Upcoming programs will

spotlight Alisha and Jody Watley. The program also features fashion segments.

Jimmy Osmond , who is all grown up now, had a lot to do

with Michael Jackson appearing in Japan. Jimmy represents

NTV (Nippon Television) and got them to co-sponsor with

Pepsi.

Passing - Jacqueline du Pre, the cellist who mastered the

most difficult pieces in the cello repertoire, but was unable to

defeat the multiple sclerosis that cut her life short. She was

42.

Week of October 15, 1987

Radio news -

Dr. Don Rose is now mornings at K-101 San Francisco.

He’d been handling mornings on hit station KKIS, Concord

(East Bay) of which he was part owner.

Neil Rogers moves to rocker WZTA from talker WINZ.

WMRQ (Q-103) Boston is now oldies WODS.

WPLJ New York which had Bruce Springsteen’s “Tunnel of

Love” ahead of its scheduled Oct. 5 release date, began

playing tracks as world premieres on Sept. 21 and 22. On Sept 22, program

director Larry Berger said he received a cease and desist earning from CBS.

Television news -

On Saturday Night Live - Steve Martin makes his 10 th

appearance as guest host, Musical guest is Sting.

Now Touring - Comic Relief ‘87

Week of October 15, 1987

At the movies -

Fatal Attraction

Like Father Like Son

The Princess Bride

Dirty Dancing

Weeds

The Principal

Beverly Hills Cop

RoboCop

Near Dark

Born In East LA

Can’t Buy Me Love

Baby Boom

Someone To Watch Over Me

Top Hits In Britain -

You Win Again - Bee Gees

I Wanna Be Your Drill Instructor -

Abigail Mead

Bad - Michael Jackson

Crockett’s Theme - Jan Hammer

I Found Lovin’ - Fatback Band

I Need Love - LL Cool J

I Found Lovin’ - Steve Walsh

Crazy Crazy Nights - Kiss

Never Gonna Give You Up - Rick Astley

This Corrosion - Sisters of Mercy

The Circus - Erasure

Hot Hits -

Causing a Commotion- Madonna

Bad - Michael Jackson

Casanova - Levert

I Think We’re Alone Now - Tiffany

Mony Mony - Bill Idol

Little Lies - Fleetwood Mac

Carrie - Europe

U Got The Look - Prince

Let Me Be The One - expose

Week of October 15, 1987

Here I Go Again - Whitesnake

Breakout - Swing Out Sister

It’s A Sin - Pet Shop Boys

Carrie - Europe

Paper In Fire - John Cougar Mellencamp

Here I Go Again- Whitesnake

Who Will You Run to - Heart

Brilliant Disguise - Bruce Springsteen

You Are The Girl - Cars

Lost In Emotion - Lisa Lisa & Cult Jam

Where The Streets Have No Name - U2

In My Dreams - REO Speedwagon

Top Rock Album Cuts -

Brilliant Disguise - Bruce Springsteen

Strap Me In - The Cars

Learning to Fly - Pink Floyd

The One I Love - R.E.M.

Love Will Find A Way - Yes

Animal - Def Leppard

Throwaway - Mick Jagger

Steel Monkey - Jethro Tull

Time Stand Still - Rush

One Slip - Pink Floyd

Crazy - Icehouse

Rhythm of Love - yes

Truck Drivin’ Man - Lynyrd Skynyrd