The News and Events In 1987:
- Ronald Reagan was president of the US
- Wall Street crashed sending the Dow Jones Industrial average down 22.6%
- President Reagan and Soviet Leader Gorbachev signed an unprecedented missile reduction agreement
- Televangelist Jim Bakker resigned amid accusations of sexual infidelity and financial impropriety
- Wall Street financier Ivan Boesky was sentenced to three years in prison in an insider trading scandal
- Gary Hart withdrew from the 1988 presidential campaign under accusations of infidelity
- The Food and Drug Administration approved anti-AIDS drug AZT
- Prozac made its debut in the US
- Bow Wow, Joss Stone, and Hilary Duff were born
- Minnesota Twins won the World Series
- New York Giants won Superbowl XXI
- Edmonton Oilers won the Stanley Cup
- Three Men and a Baby was the top grossing film
- "Walk Like An Egyptian" by The Bangles spent the most time at the top of the US charts
- Full House, Married with Children, and Star Trek: The Next Generation premiered