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1987 Year

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.
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.
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.
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.
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.
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.
May 4, 1988 | DAVID LAUTER, Times Staff Writer
Air pollution grew worse in many areas of the country last year, in part because of a long, hot summer that exacerbated smog in the East, the Environmental Protection Agency reported Tuesday. The agency painted a mixed picture of the nation's overall air quality--better in some areas and worse in others--which contrasts sharply with Reagan Administration forecasts several years ago that "all but a handful" of cities would meet most clean air standards by now.
January 2, 1988 | BILL SING, Times Staff Writer
For mutual funds, 1987 was the ultimate roller coaster. They began 1987 riding an unprecedented boom in sales and performance. But they ended the year hoping that the worst was over. Equity funds--blasted by the Black Monday stock market crash--posted their worst performance since 1981 and again failed to beat the major market indexes.
January 2, 1988
A year ago, The Times asked the research directors of five Los Angeles-based brokerage houses to pick 10 stocks that they thought would perform well during 1987. Unfortunately, just like the market, our pickers had a rough time. Much of their gains from early in the year were wiped out by the October crash. Only one of the five ended up ahead for the year. Those that did worse tended to pick a higher number of over-the-counter stocks, which as a group lost 3.
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