Advertisement
 
YOU ARE HERE: LAT HomeCollections1987 Year
IN THE NEWS

1987 Year

ENTERTAINMENT
December 28, 1989
* Feb. 14: Humorist and best-selling author Garrison Keillor tells radio listeners he will leave Lake Wobegon, his fictional Minnesota broadcast home since 1980. * May 12: Woody Allen leaves the safety of Manhattan to appear before a U.S. Senate subcommittee on the colorization of black-and-white films. Allen calls the dastardly idea "sinful." * Sept. 8: Beautiful music.
Advertisement
BUSINESS
January 2, 1988
JANUARY Stocks start off the year by soaring. The Dow Jones industrial average passes 2,000 and 2,100 and throughout the year sets records with ease. The United States slaps tariffs on wine, cheese and other products from the European Community, but the trade dispute is settled by month's end. BankAmerica turns down First Interstate's takeover bid. A month later, First Interstate abandons the fight, saying asset sales made B of A less attractive.
BUSINESS
January 1, 1988 | S. J. DIAMOND
Let me sum up 1987 from the consumer's viewpoint, as gleaned from a year of calls, cards and letters. Consumers seemed most irritated by airlines, banks (including savings and loans, which many believe are the same thing) and direct marketers of one sort or another. Secondarily, they were provoked by many businesses dealing with cars (insurance, rental agencies and dealerships), suspicious of mysterious new phone charges and desperate about almost all their dealings with the IRS.
NEWS
January 2, 1987 | From Associated Press
Americans ushered in 1987 with football, floats and gunfire, watching a parade and bowl games on television and shooting guns in the air in several cities to mark the new year. Millions of people spent at least part of New Year's Day relaxing in front of the TV to watch the 98th Tournament of Roses parade in Pasadena and one or more of five college bowl games.
CALIFORNIA | LOCAL
January 22, 1988
Although the total number of injuries on Orange County's roads and highways steadily increased during the first nine months of 1986, the number of fatalities zig-zagged from 83 in the first quarter, down to 69 in the second quarter, to a high of 84 during the third quarter. Orange County had the fifth highest number of fatalities in the state behind Riverside, San Diego, San Bernardino and Los Angeles counties. The county was second to Los Angeles County in the total number of road injuries.
CALIFORNIA | LOCAL
January 2, 1987 | DAVID FREED, Times Staff Writer
Giddy with excitement could best describe the California Highway Patrol this week after its officers seized six pounds of cocaine after a routine traffic stop in South-Central Los Angeles. CHP officials even assembled the press to tout their find. "Maybe six pounds of coke isn't a lot any more," a CHP spokesman said, almost apologetically, "but we don't usually spend our time working narcotics cases. This was a big deal--at least for us." Such was the local war on drugs in 1986.
CALIFORNIA | LOCAL
December 31, 1987
Amid the heroic and villainous headliners in 1987, some locals who also made their mark: When 62-year-old Vincent Pelliccia of Newhall gave a ride to a man who was under surveillance by Los Angeles police, they ran a check on his license plate--and discovered that Pelliccia had escaped 41 years earlier from a Virginia chain gang. Neighbors, not to mention Pelliccia, were stunned inasmuch as the retired electrician had worked 28 years for Burbank Studios and reared five children.
ENTERTAINMENT
December 31, 1987 | JACK MATHEWS
I had a very scary thought a few months ago. It came to me at the height of the Weird News blitz, when all of the stories about Donna Rice, Jessica Hahn, Jim and Tammy, and Spuds MacKenzie were blending like various liquids at a toxic dump. Somehow, the corrosive effect of that congealed information triggered a freakish neutron blast in my brain.
BUSINESS
October 13, 1999 | WALTER HAMILTON, TIMES STAFF WRITER
Disappointing earnings reports late Tuesday from technology bellwethers Intel Corp. and Motorola Inc. couldn't have come at a worse time for the stock market, some analysts say. The stellar gains notched by those stocks and a relative handful of other tech issues in recent months have been among the few bright spots in a market that has been weakening by many other measures. On Tuesday, rising interest rates helped send the broad market sharply lower, with the Dow Jones industrials sinking 231.
Los Angeles Times Articles
|