The site is secure. Over 9,000 were injured and 3,000 were killed by a powerful earthquake in Italy. is developed for use in optical telecommunications. Transatlantic Fiber Optic Cable: Costing around $335 million, TAT-8 was the eighth transatlantic cable and the first optical one. This act authorizes the use of taxpayer money to resolve S&L failures. 1980 Americans flocked to video arcades when Pac-Mac debuted in October 1980. testimony on the latest banking issues, learn about policy and high-resolution voltage measurements with one instrument. history, career opportunities, and more. Worlds first microprocessor-based network analyzer
conferences and events.
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More than 10 percent of banks are on the FDIC's problem list.
Disc Camera: Sony Mavica was developed by Sony and officially launched for commercial distribution in August 1981. Crack cocaine was easily available and used vastly. Hooters was a chain of restaurants started in 1983 by six businessman, or the “Hooters Six” as they’re called in Clearwater, Florida. A timeline created with Timetoast's interactive timeline maker. of Dave) are elected to the HP board of directors.
Increases THE FDIC deposit insurance coverage from $40,000 to $100,000.
This was the time for some outlandish fashion ideas and weird hairstyles! Continental Illinois National Bank in Chicago, Illinois, with $34 billion in assets, is the largest bank to ever fail in the FDIC's history. The US space shutter ‘Challenger’ went up in flames immediately after its launch, killing all seven astronauts present inside. Computer Virus: It was a virus for MS-DOS, named as ‘Brain’.
One of the worst heat waves struck US with the death toll ranging between 5,000 to 10,000. Public timelines ... 1980s economic evevnts Timeline created by colesnapp In Business Dec 13, 1980 disaster The Mt. Hereby, neither of the nations could use nuclear or mid-range weaponry. 1907. Super Bowl played at New Orleans was won by Oakland Raiders. Timeline 1980 January 4, 1980 - President Jimmy Carter announces the embargo on sale of grain and high technology to the Soviet Union due to the Soviet invasion of Afghanistan. The Swedish Prime Minister, Olof Palme was shot dead on the night of February 28, in Stockholm, Sweden when he and his wife were walking back from a cinema.
The FDIC provides a wealth of resources for consumers, Clinton House needed new lungs as his had been destroyed by cystic fibrosis, a common hereditary condition. Hockey: New York Islanders won their fourth consecutive Stanley Cup championship. See more Science and Technology timelines, http://www.enotes.com/1960-business-economy-american-decades)In. changes for banks, and get the details on upcoming 48 FDIC-insured banks fail with $7 billion in assets. Shroud of Turin: Radiocarbon dating tests indicated that the shroud wasn’t Christ’s. the official website and that any information you provide is John Lennon, lead vocalist from the ever-famous and loved band Beatles, was shot dead by Mark Chapman on December 8, in New York City. Proceeds ($34 million) from this event were directed to local charities. The cause of his death was a heart condition he was ailing from over the previous three decades (almost). Typhoon Nina devastated Philippines, submerging 14 islands and killing 1,000 people. Iran’s political head Ayatollah Khomeini issued a ‘fatwa’ against him in the same year. During the 1980s, Federal Savings and Loan Insurance Corporation (FSLIC) capital is depleted. Several thousands are still suffering from permanent disabilities till date. When President Jimmy Carter leaves office in 1981, the U.S. economy is in desperate circumstances. important initiatives, and more.
The Federal Home Loan Bank Board (FHLBB) chairman testifies before the House Banking Committee, stating that an S&L crisis is imminent.
stability and public confidence in the nationâs financial Penn Square Bank in Oklahoma City fails with $511 million in assets. But the rise in oil prices pushed up costs, and a worldwide economic slump in 1980 reduced the demand for agricultural products. Reverend Sun Myung Moon married 2,075 couples at the Madison Square Garden. independent agency created by the Congress to maintain Soviet leader Gorbachev and US president Reagan met for the first time at the Geneva Summit of 1985 to discuss disarmament and diplomatic relations.
St. Helens volcano, in Washington State, erupts, causing nearly 3 billion in losses & destruction in surrounding areas. Commonwealth Games were held in Edinburgh, Scotland. Increases the FDIC's Board of Directors to five members from three by adding a vice chairman position and the director of the newly formed OTS. The end of the Cold War results in a so-called peace dividend for the U.S. economy. The death toll in the Ethiopian famine was a shocking 1 million (lasted throughout 1984). Company History Timeline — 1980s In a decade of growing global presence and rapid economic change, the massive impact of computer technology on all product lines results not only in products with higher performance at lower cost, but also in radical changes in processes and the organization as a whole. It is the largest federal bailout to date. documentation of laws and regulations, information on
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