The Nation 1987

President Reagan signs secret order permitting covert sale of arms to Iran

Federal judge dismisses lawsuits sought by Oliver North
Congress begins Iran-Contra hearings

Oliver North's secretary Fawn Hall tesifies at Iran-Contra hearing
Oliver North began public testimony at Iran-Contra hearing

Oliver North admits to shredding Iran-Contra evidence

Lieutenant Colonel Oliver North concludes 6 days of Congressional testimony

ohn Poindexter testifies at Iran-Contra hearings

President Reagan's veto of Clean Water Act is overridden by Congress

John Gotti is acquitted of racketeering

PTL leader Jim Bakker resigns after sex scandal with Jessica Hahn

Jim and Tammy Bakker appear on "Nightline" after PTL scandal

Last wild condor captured on California wildlife reserve

Miami Herald reports a woman spent Friday and Saturday with Gary Hart

Gary Hart denies affair with model Donna Rice

Gary Hart quits democratic presidential race due to Donna Rice affair

Supreme Court rules school teaching evolution need not teach creation

Bork nominated to Supreme Court, rejected in October by senate Senate debate begins rejecting Robert Bork's Supreme Court nomination

Supreme Court nominee Douglas H. Ginsburg admitted using marijuana

Judge Anthony M. Kennedy nominated to Supreme Court

Molly Yard elected new President of National Org for Women

200,000 gays march for civil rights in Washington

Jessica McClure rescued 58 hours after falling 22' into a well shaft

Lisa Steinberg, battered into coma by her adoptive father Joel

The largest stock-market drop in Wall Street history occurred on "Black Monday" -- October 19, 1987 -- when the Dow Jones Industrial Average plunged 508.32 points, losing 22.6% of its total value. That fall far surpassed the one-day loss of 12.9% that began the great stock market crash of 1929 and foreshadowed the Great Depression

Nobel prizes 1987

Physics – J. Georg Bednorz, Karl Alexander Müller

Chemistry – Donald J Cram, Jean-Marie Lehn, Charles J. Pedersen

Medicine – Susumu Tonegawa

Literature – Joseph Brodsky

Peace – Oscar Arias Sanchez

Economic - Robert Solow

"He could be the most dangerous adversary the U.S. and its allies have faced in decades—or the most constructive. Molded by famine and war, promised a measure of hope after Stalin's demise and then abruptly disillusioned, Gorbachev is not the sort of man who would willingly drag his country back into the dark days of repression, economic hardship and international obloquy. If there is a lesson in the 56-year education of Mikhail Sergeyevich Gorbachev, it is that a new unfamiliar kind of leader has risen in the Soviet Union, and that the old rules of dealing with that long-suffering land are suddenly outdated. For the West, the education is just beginning
. Time Person of the Year Mikhail Sergeyevich Gorbachev.

The World 1987

Corazon Aquino is elected president in the Philippines

John Demjanjuk, accused Nazi "Ivan the Terrible" testifies in Israel

The Class of 1987