World News Our First Year at the Market

Significant news events of 1986 include:

  • January 1: Aruba becomes separated from the Netherlands Antilles.
  • January 20: The first federal Martin Luther King, Jr. Day is observed.
  • January 28: Space Shuttle Challenger disintegrates 73 seconds into takeoff, killing all 7 people onboard.
  • February 9: Halley’s Comet reaches the closest point to the earth’s sun.
  • April 21: Geraldo Rivera opens Al Capone’s vault, only to find a bottle of moonshine.
  • May 31: The 1986 FIFA World Cup begins in Mexico.
  • June 19: Len Bias dies of a cocaine-induced heart attack after being selected 2nd overall in the 1986 NBA draft by the Boston Celtics.
  • June 29: Argentina defeats West Germany 3-2 to win the 1986 FIFA World Cup.
  • October 1: Ronald Reagan signs the Goldwater-Nichols Act into law, creating the largest reorganization of the Department of Defense since the Air Force was established in 1947.
  • October 27: New York Mets win the World Series, defeating the Boston Red Sox in 7 games.
  • November 3: Iran-Contra affair is exposed for the first time.
  • November 22: Mike Tyson wins his first boxing title by defeating Trevor Berbick.