Elkhart High School - Pennant Yearbook (Elkhart, IN)

Page 29 text:

“BLACK MONDAY.” Monday October 19, 1987, the Dow Jones industrial average dropped 508 points, the largest in history. It stripped S500 billion from the market value of U.S. securities. THE GOLDEN GATE BRIDGE in San Francisco celebrated its 50th birthday. About 250,000 people jammed onto the bridge for an anniversary walk across the span. TELEVISION EVANGELISTS Jim and Tammy Faye Bakkcr said farewell to the PTL ministry in March. He resigned after confessing to a sexual encounter with a young woman. She bowed out of the broadcasts to undergo treatment for drug dependency. CURRENT EVENTS 25

Page 28 text:

1'Li.li Li LlliLll Lj.liL.li.liL. lit 1987-88 in Elkhart and around the country was a very eventful year. Names such as Oliver North, Jim and Tammy Bakker, and Gary Hart; and events such as “Black Monday,” the Persian Gulf crisis, and the NFL strike, will be permanent re- minders of the year. Other reminders were the summit between Pres- ident Reagan and Soviet leader Gorbachev and the signing of the INF treaty, the rescue of fifteen- month-old Jessica McClure from a well in Texas, and the AIDS epidemic was publicized more in an effort to educate Americans about this deadly dis- ease. Dennis Conner won back the America’s Cup with his winning racer the Stars and Stripes and the San Francisco Golden Gate Bridge celebrated its 50th birthday. Locally, renovations were made to the three in- nercity middle schools along with the construction to most of downtown Elkhart. The Bucklen Opera House was torn down after a long debate on wheth- er or not it should be renovated. Mayor James Perron was the first mayor of Elkhart to be re- elected in twenty years. The 1987-88 year was one filled with excitement and tragedy. Major national and local events made the year one that will not be forgotten. IN THE SIX YEARS since Americans first heard of a mysterious immunity-robbing disease from which no one recovers, AIDS has killed nearly 25.000 Americans. President Reagan has proclaimed the plague “Public Enemy No. I.” A 24-DAY STRIKE by the NFL players ended in mid-October when the union capitulated and went to court instead of trying to fight the club owners at the bargaining table. MARINE LT. COL. Oliver L. North, was a key official in the plan to finance anti-government rebels in Nicaragua with money from arms sales to Iran. 24 CURRENT EVENTS

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 PRESIDENT REAGAN talks with Soviet leader Mikhail Gorbachev during arrival ceremonies at the White House. The three-day summit meeting led to the signing of a nuclear arms control agreement. IN AN EFFORT to keep the Persian Gulf open to navigation, the United States began in July to escort vessels to protect them from Iran. DEMOCRATIC PRESIDENTIAL CANDIDATE Gary Hart was forced to drop his bid for the presidency after it was reported that he was romantically involved with Donna Rice, an aspiring actress and model from Miami. 26 CURRENT EVENTS