News and Events of 1986
US GDP (1998 dollars):
$4,422.20 billionFederal spending:
$990.34 billionFederal debt:
$2120.6 billionMedian Household Income
$24,897 Consumer Price Index:
7.0%Cost of a first-class stamp:
Chicago d. New England (46-10)
NY Mets d. Boston Red Sox (4-3)
Boston d. Houston (4-2)
Montreal d. Calgary (4-1)
Martina Navratilova d. H. Mandlikova (7-6 6-3)Men:
Boris Becker d. I. Lendl (6-4 6-3 7-5)
Kentucky Derby Champion
NCAA Basketball Championship
Louisville d. Duke (72-69)
NCAA Football Champions
Penn St. (12-0-0)
Argentina d. W. Germany (3-2)
Fiction: Lonesome Dove, Larry McMurtry
Music: Wind Quintet IV, George Perle
Oscars awarded in 1986
Academy Award, Best Picture: Out of Africa, Sydney Pollack, producer (Universal)
Nobel Prize for Literature: Wole Soyinka (Nigeria)
1986 Emmy Awards
1986 Tony Awards
Grammys awarded in 1986
Record of the Year: "We Are the World," USA for Africa
Album of the Year: No Jacket Required, Phil Collins (Atlantic)
Song of the Year: "We Are the World," Michael Jackson and Lionel Richie, songwriters
Miss America: Susan Akin (MS)More Entertainment Awards...
- Barry Diller, head of News Corp., creates Fox, the fourth television network. Fox offers 10 hours of prime-time programming a week.
- The Television Bureau of Advertising announces that the average American household watches television for more than seven hours a day.
- The Oprah Winfrey Show hits national television.
- The Academic American Encyclopedia is available on CD-ROM. It is the first reference work published in this medium.
Nintendo video games introduced in U.S.
- Platoon, Hannah and Her Sisters, The Color of Money, The Mission
Nobel Prizes in Science
Chemistry: Dudley R. Herschback, Yuan T. Lee (both US), and John C. Polanyi (Canada), for their work on “reaction dynamics”
Physics: Ernst Ruska, Gerd Binnig (both Germany), and Heinrich Rohrer (Switzerland), for work on microscopes
Physiology or Medicine: Rita Levi-Montalcini (dual US/Italy) and Stanley Cohen (US), for their contributions to the understanding of substances that influence cell growth
- K. Alex Müller (Switzerland) and J. Georg Bednorz (Germany) discover superconductivity in a ceramic material at -397ºF, a higher temperature than ever before.
- Dick Rutan and Jeana Yeager make the first nonstop flight around the world without refueling. The Voyager flew around the world (24,986 miles) from Edwards AFB, California, returning in 216 hours, 3 minutes, and 44 seconds (Dec. 1423). Background: Famous Firsts in Aviation
- The first genetically-engineered vaccine, for hepatitis B, gains FDA approval. Background: Health & Nutrition
- The Voyager 2 probe passes Uranus in January, returning images and data on its moon, rings, atmosphere, interior, and magnetic field. Background: US Unstaffed Planetary and Lunar Programs
- Halley's comet yields information on return visit (April 10). Background: comets