Morehead State University - Raconteur Yearbook (Morehead, KY)

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Events 1 74 World Events continued evangelist and head of the PTL tPraise the Lordi Club had been involved with Jessica Hahn, a church secretary, in 1980, and had paid her to keep her quiet. Bakker stepped aside in favor of Jerry Falwell, but later tried to regain power. Ru- mors of sexual misconduct and misdirected funds surfaced and kept Bakker out. In February '88, Jimmy Swaggert, another T.V. evangelist, was accused ofinvolvement with pros- titutes. Swaggert admitted to unspecified sins be- fore his congregation in a television broadcast. Certain photographs of Swaggert entering and leaving a prostituteIs room were brought before the leader of his denomination, the Assemblies of God, which is also Bakker's denomination. Swaggert, who was involved in ousting Bakker and another minister who was involved in sexual misconduct, was given a three-month suspension from preaching and was put in a two-year rehabili- tation program. His punishment was later in- creased to a one-year suspension from preaching. In April, when church leaders decided to dismiss Swaggert from his ministry, he resigned in order to save his Bible college and ministry. Another man with a past was Supreme Court nominee, Douglas Ginsburg, whose nomination was withdrawn after he admitted to smoking mari- juana. Before Cinsburgis nomination, President Reagan chose Robert Bork, who Congress voted against. Reagan,s third choice was Anthony Kennedy, who is expected to be confirmed. Other garbage that made the news was on a barge from Islip, Long Island, that traveled for six months, from March to September, looking for a port to accept its cargo. It was rejected by ports from North Carolina to the Bahamas. Eventually the barge returned home where the garbage was burnt in a Brooklyn incinerator and buried in an Islip landfill. Further on the same trashy note, the National Football League went on strike. The strike lasted 24 days. The teams missed two games, returned too late and missed a third. Scab, or replacement, teams played in the strikers absence. Free agency was the major issue of the strike, but the owners would not be moved. Players kept compromising until they eventually gave in and returned to the field. A number of presidential candidates have been working the field during this year of primary elec- tions. Democratic candidates include: Bruce Bab- bit, former governor of A2,, who has dropped out of the race; Michael Dukakis, governor of Mass; Jesse Jackson, a black minister; Richard Gephardt, a representative from Mo.; Paul Simon, a senator from 111.; Albert Gore, a senator from Tennessee; Joseph Biden, a senator from Delaware, who dropped out of the race after admitting to plagia- rizing his speeches, and Hart. Republican candidates are: Vice-president George Bush; Jack Kemp, a representative from N.Y.; Alexander Haig, former secretary of state who dropped out of the race; Pierre du Pont, for- mer governor of Delaware; Pat Robertson, former T.V. evangelist and head of the Christian Broad- casting Network, and Robert Dole, a Kansas sena- tor and congressional minority leader. Other political moves included sending 3200 US. troops to Honduras in March to show solidar- ity against the Marxist regime in Nicaragua. At the beginning of April, major moves towards a peace treaty between the warring factions in Afghanistan were announced. Gorbachev announced the' planned pull out of Soviet troops by May 15, if the treaty is signed. The Iran-Contra scandal was a major headline story. Details of the event can be found on pages 170-1 71. Other events included Superbowl XXII. The Washington Redskins beat the Denver Broncos 42- 10. Also the fifteenth Winter Olympics were held in Calgary, Alberta in Canada from Feb. 13th to 28th. Alumnus Brian Shimer was on the second American bobsled teams In Kentucky, the governoris race was held. Wal- lace Wilkinson - D was elected over John Harper - R. Also John Brock ofMorehead was elected State Superintendent ofPuinc Schools. Faculty and stu- dents alike fought for higher education at a rally in Frankfort. They story can be found on pages 176- l 77. All the events that occurred are too numerous to mention here; those that were and many others helped to shape our world. - By: Suzanne Smith

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Embassy with such people as Paul Newman and Henry Kissinger. That evening a state dinner was held at the White House. On the second day of the summit, Gorbachev met with nine congressional leaders, then had a private meeting with President Reagan, with only translators present. On the last day of the summit, Gorbachev met with American business men. He showed his inter- est in broader economic relations, but to do this, the Soviet Union must reshape their economy to deal with the world market. One of the ever-present issues of the summit was human rights. Time and time again the Soviet leader was questioned in this area. Apparently it became tiresome to Gorbachev who exploded at a meeting when again asked on freedom ofthe press and human rights. To make any headway with the U.S., Gorbachev must yield more to his people in this area. At the summit Gorbachev was pretty inflexible on human rights issues. The Soviet Union will still not allow Jews to leave the country in great numbers. Soviet analyst Sew- eryn Bialer of Columbia University be- lieves the Soviets fear repercussions if the Jews leave. Besides human rights, the conflict in Afghanistan was a hot issue. The Soviet Union planned to withdraw their troops within twelve months of the summit, but Gorbachev insisted that their with- drawal can begin only after the end of U.S. aid to the rebels and the creation of a neutral, nonaligned coalition govern- ment. The summit brought no real break- through in strategic arms negotiations or regional conflicts; also, no common ground was found on the issue of human rights. Since the 1970's the chief threat to the U.S. has been Soviet land-based in- tercontinental missiles which could de- stroy a great part of our nuclear forces. Gorbachev now seems willing to take steps to limit these missiles. Part of the reason for Gorbachevis change of heart could be the change in his position on Reaganis Strategic De- fense Initiative tSDD. The Soviets have been afraid of the plan since it was pro- posed in 1983. They did not want to have to build costly defense systems of their own, especially since the U.S. would have the technological edge. Until recently, the Soviets have re- jected any Strategic Arms Reduction Treaty tSTARTl deal unless SDI was severely limited. But, SDI is already un- der constraints from Congress until al- most the end of Reagan's term, and its fate after then is uncertain, so the Sovi- ets are more willing to talk How arms are cut is an important issue of any treaty. Neither country wants to be left at a disad- vantage, both want to keep their present advan- tages. The key to nuclear balance is whether a nation who is attacked has a survivable force, if they only have enough weapons to attack major cities, theory says they will surrender rather than be completely destroyed. At the summit, Reagan agreed to fix limits on sea-launched cruise missiles and Gorbachev agreed to a sublimit of 4,900 bal- listic warheads and submarine missiles. Verification is the second most important issue. At the summit Gorbachev agreed to on-site inspec- tion of each countryis territory. Both leaders have ordered negotiators to come up with a treaty for restrictions and sub-limits by mid-i88. Stock Market Crash The stock market crash was another far-reaching event. On Monday, Oct. 19th, the market saw a 508-point drop. The Dow Jones industrial average lost 13?6. The market value ofU.S. securities went down by $500 billion. Most people just lost money on paper through mutual funds, pension funds and savings plans. Many world markets were aEected. The London and Tokyo exchanges went on wild selling hinges. A number of reasons were suggested for the crash. One was that stocks were simply overvalued and were ripe for a fall. Another suggestion was trading methods. Index futures markets, which are bets on future stock increases instead of actual stock, are highly criticized. Also computerized programs which insure against momentary price spreads are blamed for exaggerating wild swings in the market. One other reason that was cited was a failure in governmental policies. The U.S. is the largest debtor, West Germany and Japan are our largest creditors. Both countries want us to lower the deficits in our budget and balance of trade. But oHicials say the U.S. cutback would cause world depression unless West Germany and Japan stimu- lated their own economies to soak up the goods that the U.S. would no longer import. Because they fear inflation these two countries are against the idea. To avoid another Great Depression our govern- ment must work towards lowering the budget deficits. The week before the crash, prices had started falling sharply when the government re- ported a worsened trade deficit, this triggered worries about inflation and the dollar. After the crash, there was a fear of recession. Scared people were saving more and spending less. Experts agree that even if there was a recession, it would not be another Great Depression. Persian Gulf The Persian Gulfhas been a hotbed of action and reaction. The war between U.S.-backed Iran and Soviet-backed Iraq has been going on for almost seven years. In July 87 the conflict escalated. U.S. warships were sent in to escort oil tankers to secure the oil supply to the West. The first U.S. casualty was the tanker, Bridgeton, which hit a mine. Missiles hit an oileloading facility, which Iraqi ally, Kuwait, said were fired from Iranian- held territory. Iranian Silkworm missiles hit two tankers in Kuwaiti waters; the American-owned Sungari and the U.S.- flagged Sea Isle city. The U.S. finally retaliated by ordering four destroyers to bomb an Iranian oil rig, which the U.S. claimed was being used as a base for speedboat attacks on shipping in the Gulf. Though the U.S. is trying to protect the Westis oil supply, their presence of approximately 40 warships is almost un- necessary. Europe receives only one- twelfth of its oil from the Gulf and the U.S. only 5912. Even ifthe Gulfwas cut off oil could be pumped through the pipe- lines OPEC has constructed since the war began. The Gulf conflict has really not affected the world market. Other World Events Other events range from sex scandals to a Vlsit from the Pope. In May 87 Gary Hart, former governor of Colorado announced that he would drop out of the presidential race after the press accepted his challenge to follow him and uncovered his relationship with model, Donna Rice. But that was not the last we heard from Hart. He re-entered the race in December, and was the frontrunner at first, but since has fallen to the back of the pack. Two other major sex scandals rocked Christian- ity. It was uncovered that Jim Bakker, television World Events 173

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Television evangelists Jim and Tammy Faye Bakker said farewell to the PTL ministry in March. Jim Bakker resigned after confessing to a sexual encounter with a young woman. Tammy Baker bowed out of the broadcasts to undergo treatment for drug dependency. AP PHOTO In an effort to keep the Persian Gulf open to navi- gation, the U.S. began in July to escort vessels to protect them from Iran. In September the U.S. Navy blew up an Iranian ship that was caught laying mines in the Gulf. Several mines were con- fiscated, AP PHOTO President and Mrs. Reagan greeted Pope Paul II when he arrived in Miami to begin a nine-city tour 0fthe U.S. AP PHOTO World Events 175