On this day

March 8, 1985

Revisit the music, news, notable people, and historical moments connected to this date.

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Headlines from March 8, 1985

EDITORS' NOTE

By Unknown Author

Under this heading, The Times amplifies articles or rectifies what the editors consider significant lapses of fairness, balance or perspective. An article in Business Day yesterday about a list of problem banks maintained by the Comptroller of the Currency reported that 33 banks on the list were considered in danger of failure.

Metropolitan Desk158 words

JAPAN'S VIEW OF 21ST CENTURY

By Susan Chira

There are talking robots, walking robots, robots that draw pictures, robots that play Bach on the organ, and singing stuffed animal robots. There are computer-designed 3-D movies featuring songs with refrains like ''Machines and humans can be friends.'' There are even what have been dubbed ''ladies of the future'' - phalanxes of hostesses dressed in high- tech metallic shades of silver and gold. Here, in this land of shrines, the newest shrine is a paean to science and technology. Tsukuba Expo '85, which opens later this month 32 miles outside Tokyo, offers pavilion after pavilion extolling the wonders of the next century. But while its sponsors have billed it as a show displaying developments in science and technology never seen before, it appears to be a vision with a large dose of Disneyland, at times a shrine more to showmanship than to science.

Financial Desk1097 words

COASTAL'S CHIEF PLAYS TO WIN

By Eric N. Berg

He is one of the most disliked, if envied, men in the oil patch. To this day, municipal officials in Texas complain that he promised them 20 years of cheap energy, then reneged. Competitors marvel at how, penniless and relatively inexperienced, he could start a gas-pipeline company from scratch, win some big cities as customers, and build a $6 billion- a-year energy comglomerate. On one point, though, nearly all agree: Oscar S. Wyatt Jr., the 60- year-old chairman and chief executive of the Houston-based Coastal Corporation, is one of the most persistent and driven men in the energy business. ''He's been successful because he works about 18 hours a day,'' said Ervin O. Buck, a Coastal director.

Financial Desk1415 words

DENTISTS MAY ENDORSE ANTI-PLAQUE INGREDIENT

By Steven Greenhouse

The American Dental Association's Council on Dental Therapeutics will probably grant its seal of approval in the ''near future'' to several proposed agents for toothpastes or mouthwashes that fight plaque and gum disease, an official said today. Several Wall Street analysts and dental experts said the new products would be the largest scientific breakthrough in the toothpaste industry in decades, with substantial profits at stake in the high margin business. Hercules Segalas, a senior vice president with Drexel Burnham Lambert Inc., said the anticipated action would greatly help the Procter & Gamble Company, which he said was poised to bring to market a prescription mouthwash that would fight gum disease and a toothpaste that would fight accumulations of tartar. ''The potential to oral health of some of these chemical agents would be very significant,'' said Edgar W. Mitchell, secretary of the A.D.A.'s Council on Dental Therapeutics. ''The dental profession is almost eager to have some of these products on the marketplace.''

Financial Desk664 words

E.S.M. COLLAPSE: A LESSON IN SAFETY

By Michael Quint

The collapse of E.S.M. Government Securities Inc.,, a Fort Lauderdale, Fla., firm with losses estimated at more than $250 million, is a reminder to local government officials and other investors that their supposedly safe investments in United States Treasury securities can be jeopardized by problems at the securities firm they do business with. Large dealers in government securities and major investors have learned how to protect themselves against the failure of firms like E.S.M. But smaller investors are discovering that in such cases their loans may turn out to be backed by thin air rather than the Treasury securities they expected. The investments at issue in the E.S.M. case are repurchase agreements, or repos, a widely used financing technique whereby local governments lend money to securities dealers. Under such an arrangement, the dealer sells securities and simultaneously agrees to repurchase them at a price high enough to compensate the lender for the use of its money. In the case of E.S.M., the firm also arranged reverse repurchase agreements, where it made loans to banks and thrift units, which provided securities to the firm as collateral.

Financial Desk847 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of March 6, 1985, covering March 8, 1985.

  1. 1
    Album cover for Make It Big by Wham!

    Make It Big

    Wham!

    Last week
    1
    Peak
    1
    Weeks
    18
  2. 2
    Album cover for Centerfield by John Fogerty

    Centerfield

    John Fogerty

    Last week
    4
    Peak
    2
    Weeks
    7
  3. 3
    Album cover for Like A Virgin by Madonna

    Like A Virgin

    Madonna

    Last week
    2
    Peak
    1
    Weeks
    15
  4. 4
    Album cover for Born In The U.S.A. by Bruce Springsteen

    Born In The U.S.A.

    Bruce Springsteen

    Last week
    3
    Peak
    1
    Weeks
    38
  5. 5
    Album cover for Agent Provocateur by Foreigner

    Agent Provocateur

    Foreigner

    Last week
    5
    Peak
    4
    Weeks
    10

Notable Births

Maria Ohisalo

1985Maria Ohisalo, Finnish politician and researcher[†]

Maria Karoliina Ohisalo is a Finnish politician and researcher who served as Minister of the Interior between 2019 and 2021. The former chairman of the Green League, she has been a Member of Parliament since 2019.

Historical Events

1985 Beirut car bombings

1985A supposed failed assassination attempt on Islamic cleric Sayyed Mohammad Hussein Fadlallah in Beirut, Lebanon kills 80 and injures 200 others.[†]

On 8 March 1985, a car bomb exploded between 9 and 45 metres from the house of Shia cleric Sayyed Mohammad Hussein Fadlallah in Beirut, Lebanon, in a failed assassination attempt by a Lebanese counter-terrorism unit linked to the Central Intelligence Agency. The bombing killed 80 people and injured 200, almost all civilians.

Historical Context for March 8, 1985

In 1985, the world population was approximately 4,868,943,465 people[†]