Week of October 23, 1988
Hurricane Joan slams into Nicaragua with many missing and at least 34 reported
dead.
The Soviet Union pledges to free those considered as political prisoners by the
end of the year.
Former Philippine First Lady
Imelda Marcos
pleads innocent to racketeering charges, but a
federal judge refuses to let her return to Hawaii
until government and defense lawyers iron
details of her $5 million bail.
Sears announces it is selling its Chicago Sears
Tower, its corporate headquarters and the
world’s tallest building. It’s doing so to
streamline the company.
President Reagan decides that the only way to
prevent the KGB secret police from
eavesdropping on the Moscow/U.S. Embassy is
to raise it and build another.
27-city - More than 1,000 demonstrators across the county are arrested as anti-
abortion activists tried to block abortion clinics and prevent employees and
patients from entering.
Business -
The investment firm of Kohlberg, Kravis, Roberts & Co. announces it will begin a
$20.28-billion tender offer for RJR Nabisco. Inc.
Music news - An Oct 12 at MTV in New York has destroyed plans for a “Special
Sunday” all-day tribute to U2 as the fire destroyed all of MTV’s just shot interview
footage with the group.
Movie/Television news -
Passing - John Houseman. Although he had a long career starting with radio, he
is best known as the feisty/crusty law school professor in “The Paper Chase.” He
was 86.
