PredatorMovie 1987
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The SN 1987A supernova became the first observable by the naked-eye supernova to be seen from Earth since 1604 when the light from the exploding star beganreaching Earth in February. SN 1987A was about 168,000 light years away and was located in the Large Magellanic Cloud dwarf galaxy. It could be seen from the Southern Hemisphere and it was at its brightest in May of that year. The supernova occurred when a massive star collapsed and exploded. It destroyed the star and sent out shock waves that potentially created new stars through the huge release of energy. Due to its proximity and timing SN 1987A has become on of themost studied events in the history of astronomy.
Note From Webmaster \"I lived in the Portsmouth area of Southern England during 1987 and can remember the night and following day with amazing clarity over 20 years later on the night of October 15th I was at a company meeting and drove home some 50 miles at about 11:00 PM with trees falling behind and in front of me as I drove a pretty scary experience, the following day October 16th I was scheduled for a days holiday to take some exams but my phone started ringing from 5.00 AM with customers who had lost major computer systems due to storm damage taking out windows etc. and I spent most of the day securing customers data and systems. \" This is the worst storm to have struck the UK in more than 200 years and could have resulted in many more fatalities.
The Single European Act (SEA) became effective during July of 1987. The SEA set the goal for the European Economic Community to join together to form a single market with a single currency by the end of 1992. The SEA also made steps towards more political integration in Europe and it gave more power to the European Parliament. The Single European Act made the biggest strides towards the future creation of the European Union.
The very first Final Fantasy video game is released by Square in Japan during December of 1987. The game was designed for the original Nintendo Entertainment System and was considered a critical and commercial success. It was reported to have sold about 400,000 copies during its original release and went on to sell nearly 2 million more copies worldwide in subsequent releases. The Final Fantasy games were developed into a well-loved series of video games, spawning several follow-up games, various merchandise, soundtracks, and even films.
The Prescription Drug Marketing Act of 1987 (PDMA) was signed into law by the President on April 22, 1988. The PDMA was enacted (1) to ensure that drug products purchased by consumers are safe and effective, and (2) to avoid the unacceptable risk to American consumers from counterfeit, adulterated, misbranded, subpotent, or expired drugs. The legislation was necessary to increase safeguards in the drug distribution system to prevent the introduction and retail sale of substandard, ineffective, or counterfeit drugs.
Now, Therefore, I, Ronald Reagan, President of the United States of America, by virtue of the authority vested in me by the Constitution and laws of the United States, do hereby proclaim Monday, January 19, 1987, as Martin Luther King, Jr. Day.
The Montreal Protocol, finalized in 1987, is a global agreement to protect the stratospheric ozone layer by phasing out the production and consumption of ozone-depleting substances (ODS). The Montreal Protocol has proven to be innovative and successful, and is the first treaty to achieve universal ratification by all countries in the world. Leveraging this worldwide participation, the Montreal Protocol has spurred global investment in alternative technologies, many developed by U.S. companies, and placed the ozone layer, which was in peril, on a path to repair.
The Malcolm Baldrige National Quality Award was created by Public Law 100-107, signed into law on August 20, 1987. The Award Program, responsive to the purposes of Public Law 100-107, led to the creation of a new public-private partnership. Principal support for the program comes from the Foundation for the Malcolm Baldrige National Quality Award, established in 1988.The Award is named for Malcolm Baldrige, who served as Secretary of Commerce from 1981 until his tragic death in a rodeo accident in 1987. His managerial excellence contributed to long-term improvement in efficiency and effectiveness of government. The Findings and Purposes Section of Public Law 100-107 states that:\"
The Corps of Engineers Wetlands Delineation Manual (1987) provides technical guidance and procedures, from a national perspective, for identifying and delineating wetlands. Following recommendations from the National Academy of Sciences to increase the sensitivity of wetland delineation methods based on regional wetland characteristics, Regional Working Groups consisting of local experts from the US Army Corps of Engineers, US Environmental Protection Agency, US Fish and Wildlife Service, US Natural Resources Conservation Service and state agencies developed wetland delineation procedures to increase regional specificity.
Led by the Corps Regulatory Program and ERDC Environmental Laboratory (EL) in Vicksburg, Miss., Regional Supplements to the 1987 Wetlands Delineation Manual provides users with region-specific methods and guidelines for wetland delineation pursuant to the Clean Water Act.
Regional differences in climate, hydrologic and geologic conditions, and other wetland characteristics require area-specific delineation methods to determine whether wetland criteria are present. By accounting for regional variations in hydric soils, hydrophytic vegetation, and wetland hydrology among wetlands across the United States, Regional Supplements to the 1987 Wetlands Delineation Manual improve the accuracy and efficiency of wetland delineation procedures.
Shares of the firm plunged 33% in March, their biggest drop since October 1987, the month when the biggest single-day stock market crash, dubbed Black Monday, occurred. The rout wiped out $47 billion in market value from Schwab, roughly equivalent to the size of Truist Financial Corp.
Another post-Depression record was set as insured bank failures in 1987 totaled 184, almost a one-third increase over the previous years record of 138. More than half of the 1987 bank failures and most of the assistance transactions took place in three states: Texas, Oklahoma, and Louisiana.
On October 19, 1987, the Dow Jones Industrial average plummeted 508 points, or 22.6 percentthe largest one-day point and percentage loss in market history. On December 3, 1987, nine banks failed, the largest number of commercial banks that had ever closed in one day. In addition, one assistance transaction occurred on that same date.
In 1987, Gross Domestic Product (GDP) growth and employment growth remained virtually unchanged at 2.9 percent and 2.4 percent, respectively.10-2 The unemployment rate continued to fall and was at 6.2 percent.10-3 Inflation rose slightly to 3.1 percent.10-4 Growth in the real estate market began to decline, with home sales falling 2.8 percent and housing starts falling 10.2 percent. The office vacancy rate remained just under 18 percent.10-5 The discount rate fell to 5.7 percent while the 30-year mortgage rate remained at 10.2 percent.10-6
In 1987, money center banks started to recognize the massive losses on their lesser developed countries (LDC) loans. For those banks, LDC loans were 211 percent of capital, and net income to capital was -22.2 percent. The return on assets average for large banks (banks with assets greater than $1 billion) dropped almost 40 basis points for the year. Chartering activity slowed a bit as 228 banks were chartered in the year.
On August 10, 1987, the Competitive Equality Banking Act (CEBA) was enacted. Under CEBA, qualifying agricultural banks were permitted to amortize losses over a seven-year period for agricultural loans and for losses resulting from reappraisal of other related assets, rather than having to deduct the amount of loss from capital as soon as the losses were recognized.
The total number of insured commercial banks declined to 13,703 by year-end 1987, compared with 14,199 in 1986 and 14,407 in 1985. The number of problem banks peaked at 1,575, or 11.5 percent of all insured banks. In 1986, there were 1,484 or 10.5 percent problem banks, and only 1,140 or 7.9 percent problem banks in 1985.
Of the 184 bank failures in 1987, 56 (30 percent) involved agricultural banks, and of the 19 banks assisted in 1987, two were agricultural banks. Texas, Oklahoma, and Louisiana had the most failures with 50, 31, and 14, respectively. The average asset size of all failed banks was $34.1 million, and the average amount of insured deposits was $35.6 million. The total dollar amount of deposits for all failed and assisted banks in 1987 was $8.9 billion, compared to $7.2 billion in 1986 and only $8.5 billion in 1985.
Of the 184 banks that failed in 1987, 133 were resolved with purchase and assumption (P&A) transactions. Assuming banks in those transactions paid premiums of more than $52 million. The FDIC saved approximately $241 million from those transactions, compared to the cost of deposit payoffs. Insured deposit transfers (IDTs) accounted for 40 of the failed bank resolutions. The FDIC received purchase premiums totaling $33 million from the transferee banks. In 11 bank failures, the FDIC handled payoffs.
The FDIC provided open bank assistance (OBA) to prevent failures in nine cases involving 19 banks in 1987. Of the 19 banks assisted, 11 were subsidiaries of BancTexas Group, Inc., a Dallas, Texas bank holding company that collapsed. The FDIC made a one-time cash contribution of $150 million. The FDIC did not assume any of the subsidiary banks problem assets; instead, the new investors and managers of the new holding company were to carry out their own strategies for dealing with such assets and for maintaining the subsidiary banks in sound condition. The assistance transactions resulted in an estimated savings to the FDIC of $170.4 million. The savings were estimated by calculating the cost of the assistance transactions and comparing that cost with the estimated cost had the banks failed. 59ce067264
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