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BOOMERNET Chronicle: 1988

1988

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U.S. Facts

  • President: Ronald W. Reagan
  • Population: 244,498,982
  • Life Expectancy: 74.9 years
  • Unemployment: 5.5%
  • Average Annual Salary: $13,929
  • Minimum Wage: $3.35 per hour

What Things Cost

  • Automobile: $7,222
  • Gasoline: $1.07 per gallon
  • House: $123,182
  • Bread: 1.28 per loaf
  • Milk: $2.00 per gallon
  • Postage Stamp: $0.25

Major U.S. Events

  • Lieutenant Colonel Oliver North & Vice Admiral John Poindexter are indicted on charges of conspiracy to defraud the U.S.
  • Georgia, Connecticut, Massachusetts, Maryland, South Carolina, New Hampshire, Virginia, New York celebrates their bicentennial statehood
  • U.S. President Ronald Reagan signs a bill into law providing the death penalty for murderous drug traffickers

Major World Events

  • After more than eight years of fighting, the Red Army begins its withdraw from Afghanistan
  • Ceasefire begins in the Iran-Iraq war
  • Pan Am flight 103 is blown up by Libyan terrorists over Lockerbie, Scotland, killing 259 on board and 11 on the ground

January-March

  • US Lieutenant Colonel William R. Higgins, serving with a United Nations group monitoring a truce in southern Lebanon is kidnapped
  • Students at Gallaudet University go on strike for the selection of a Deaf university president

April-July

  • U.S. Supreme Court upholds the law allowing special prosecutor to investigate suspected crimes by executive branch officials
  • Iran Air Flight 655 shot down by missiles launched from the USS Vincennes ship

August-December

  • Police riot in New York City's Tompkins Square Park
  • In Armenia a 6.9 earthquake killed nearly 25,000, injured 15,000 and left 400,000 persons homeless

Top Songs

  • Wind Beneath My Wings by Bette Midler
  • Sweet Child Of Mine by Guns N' Roses
  • The Flame by Cheap Trick
  • Wild Wild West by The Escape Club
  • Seasons Change by Expose

Other New Songs

  • Don't Be Cruel by Bobby Brown
  • Don't Worry Be Happy by Bobby McFerrin
  • Pour Some Sugar On Me by Def Leppard
  • Welcome To The Jungle by Guns N' Roses
  • Anything For You by Gloria Estefan & Miami Sound Machine

Top Movies

  • Rain Man
  • Big
  • Die Hard
  • A Fish Called Wanda
  • Who Framed Roger Rabbit

Top Books

  • The Alchemist by Paulo Coelho
  • Love in the Time of Cholera by Gabriel Garcia Marquez
  • Till We Meet Again by Judith Krantz
  • Alaska by Jame Michener
  • The Cardinal of the Kremlin by Tom Clancy

Top TV Shows (1987-88)

  • The Cosby Show
  • Cheers
  • The Golden Girls
  • Who's the Boss?
  • Murder, She Wrote
  • Empty Nest

Major League Baseball: World Series

  • Los Angeles Dodgers d. Oakland Athletics

Pro Football: Championship

  • Super Bowl: Washington Redskins d. Denver Broncos

Ice Hockey: Stanley Cup

  • Edmonton Oilers d. Boston Bruins

Pro Basketball: Championship

  • Los Angeles Lakers d. Detroit Pistons

NCAA Champions

  • Football: University of Notre Dame Fighting Irish
  • Basketball: University of Kansas Jayhawks

Other Champions

  • Summer Olympics: Seoul South Korea
  • Winter Olympics: Calgary, Canada
  • Golf: Curtis Strange is PGA player of the year
  • Tennis: Mats Wilander and Ivan Lendl win the U.S. Open
  • Horse Racing: Winning Colors wins Kentucky Derby
  • Auto Racing: Rick Mears wins Indianapolis 500
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