On this day

February 21, 1986

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

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Headlines from February 21, 1986

CORRECTION

By Unknown Author

Because of an editing error, an article in Business Day on Tuesday about banking regulation incorrectly described the possibility of an increase in banks' minimum capital-asset ratios, to 9 percent from 6 percent. Regulatory officials have raised the possibility of a gradual increase for all banks, but have not formally proposed it.

Metropolitan Desk52 words

KOCH WON'T FORCE AMERUSO FROM JOB

By Joyce Purnick

Mayor Koch said yesterday that although he believes Transportation Commissioner Anthony R. Ameruso violated ''the spirit of the law'' by obscuring his involvement in a real-estate deal, he would not be dismissed because he has only a week left on the job. If Mr. Ameruso had not already resigned, the Mayor said, ''I would have fired him.'' To do so now, he suggested, would be ''a little too petty.'' The Mayor's remarks, during a crowded news conference at City Hall, came one day after his special corruption commissioner spent five hours questioning Mr. Ameruso about the downtown real-estate venture. No Violation Found The deal, in which Mr. Ameruso realized about $100,000, involved several partners, including William C. Brennan, a former State Supreme Court justice who was sentenced to prison last week in a Federal bribery case. The real-estate transaction came to light during that case and is being reviewed by Federal and city investigators.

Metropolitan Desk1335 words

EDITORS' NOTE

By Unknown Author

A caption on Jan. 25 under a picture showing the presentation of a bust to Winnie Mandela, the South African anti-apartheid activist, omitted the name of the sculptor. He was Robert Berks.

Metropolitan Desk32 words

ECONOMY UP AT SLOW 1.2% RATE

By Robert D. Hershey Jr., Special To the New York Times

The nation's economy grew at an annual rate of 1.2 percent in the final three months of last year, only half as fast as was estimated in January, the Commerce Department reported today. The department also revised a major inflation measure to show a slower rate of price increase - 3.9 percent instead of 4.5 percent. Today's report of weaker economic growth helped push interest rates down a bit in the credit markets while the dollar fell sharply. Although the revised data on fourth-quarter growth were lower than most economists had expected - mainly reflecting a further worsening of the country's trade deficit - the general reaction of analysts was to underscore a series of favorable reports for early 1986 that already have shown the economy to be rebounding smartly from its poorest year since the 1982 recession.

Financial Desk796 words

PORT AUTHORITY SEEKS TOLL RISE FOR COMMUTERS

By James Brooke

The price of commuter discount tickets on the Port Authority bridges and tunnels should be increased, to $1.60 from $1, the agency's chairman said yesterday. The toll, collected in one direction only, is $2. But, for $20, commuters can buy a book of 20 discount tickets, which are valid for 30 days. The increase, proposed by the chairman, Philip D. Kaltenbacher, as a way of dealing with increasing traffic, would be the first for commuters since 1975, It must be approved by Governors Cuomo and Kean.

Metropolitan Desk668 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of February 19, 1986, covering February 21, 1986.

  1. 1
    Album cover for Promise by Sade

    Promise

    Sade

    Last week
    1
    Peak
    1
    Weeks
    10
  2. 2
    Album cover for Welcome To The Real World by Mr. Mister

    Welcome To The Real World

    Mr. Mister

    Last week
    3
    Peak
    2
    Weeks
    26
  3. 3
    Album cover for The Broadway Album by Barbra Streisand

    The Broadway Album

    Barbra Streisand

    Last week
    2
    Peak
    1
    Weeks
    14
  4. 4
    Album cover for Whitney Houston by Whitney Houston

    Whitney Houston

    Whitney Houston

    Last week
    5
    Peak
    2
    Weeks
    48
  5. 5
    Album cover for Heart by Heart

    Heart

    Heart

    Last week
    4
    Peak
    1
    Weeks
    33

Notable Births

Charlotte Church

1986Charlotte Church, Welsh singer-songwriter and actress[†]

Charlotte Maria Church is a British singer-songwriter, actress, and television presenter from Cardiff, Wales.

Notable Deaths

Helen Hooven Santmyer

1986Helen Hooven Santmyer, American novelist (born 1895)[†]

Helen Hooven Santmyer was an American writer, educator, and librarian. She is primarily known for her best-selling epic "...And Ladies of the Club", published when she was in her 80s.

Historical Context for February 21, 1986

In 1986, the world population was approximately 4,958,072,838 people[†]