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October 9, 1986

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

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Headlines from October 9, 1986

NEW RIVALS ASIDE, WALL ST. STILL CALLS THE TUNE

By James Sterngold

Wall Street, the bastion of capitalism, has suddenly found itself sharing the spotlight with a revitalized London and an emerging Tokyo as financial market centers. But for all the promise that these and other foreign marketplaces offer as they open their doors to new competition, one fact remains: The American capital markets, with headquarters in New York, continue to be the largest by far, and the envy of the rest of the world. ''You have to think globally,'' said William A. Schreyer, chairman of Merrill Lynch & Company. ''But this country is still the catalyst that makes it all happen. The international portion of the markets will grow, but only if we grow.'' The securities industry clustered on and around Wall Street, a stubby lower Manhattan street presided over by a statue of George Washington on one side and the marble facade of the New York Stock Exchange on the other, has become the model of just about every foreign nation eager to build a vibrant financial sector.

Metropolitan Desk1944 words

DEBARTOLO'S CLIMB: BUILDER BEGAN AT 13

By Albert Scardino

Edward J. DeBartolo has never moved from the house he built in Youngstown, Ohio, in 1959 for himself and his family of four. But it is one of the few moves he has not made. In the last 27 years, Mr. DeBartolo has developed the longest chain of shopping centers in the United States, including 51 malls. He owns hotels and office complexes, major league sports teams, race tracks and land. And if he succeeds in his bid with Paul A. Bilzerian to buy the Allied Stores Corporation for $3.5 billion, he will become a landlord who swallowed his tenants.

Financial Desk1017 words

EDUCATOR IS CRITICAL OF SEX PLAN IN SCHOOLS

By Jane Perlez

A member of the Board of Education, Dr. Gwendolyn C. Baker, said yesterday that, in her view, dispensing contraceptives at school health clinics encouraged promiscuity. And she said that such a policy, which she strongly opposes, would open the door to other efforts dealing with students' sexual activity. ''What's next?'' asked Dr. Baker. ''I look at giving out contraceptives as making it possible for students to have sex in the schools. Then in another 10 years it will be sterilization. Why? Because 10 years ago we wouldn't have talked about contraceptives - it would have been so out of line.''

Metropolitan Desk661 words

CITY PLANS TO ADD 2,300 JAIL SPACES

By Joyce Purnick

The Koch administration, confronted with severely overcrowded jails, made public yesterday an emergency plan to add 2,300 jail beds in just over a year. Some would be in two new jails near the Canadian border and some on a refurbished Staten Island ferryboat. If all the necessary approvals are granted, this would be the first time that a New York City jail is built outside the five boroughs. It would also make New York the first municipality in the country to have a floating jail.

Metropolitan Desk1000 words

INSIDE

By Unknown Author

Reagan on Aid to Contras The President suggested that he approved of efforts by private American citizens to help rebels fight the Nicaraguan Government.

Metropolitan Desk54 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of October 8, 1986, covering October 9, 1986.

1
Top Gun
Soundtrack
Last week
2
Peak
1
Weeks
19
2
Fore!
Huey Lewis & The News
Last week
4
Peak
2
Weeks
5
3
Dancing On The Ceiling
Lionel Richie
Last week
1
Peak
1
Weeks
7
4
Slippery When Wet
Bon Jovi
Last week
8
Peak
4
Weeks
5
5
Raising Hell
Run-D.M.C.
Last week
3
Peak
3
Weeks
18

Notable Births

1986Derek Holland, American baseball player^[†]

Derek Lane Holland, nicknamed "Dutch Oven", is an American former professional baseball pitcher. He played in Major League Baseball (MLB) for the Texas Rangers, Chicago White Sox, San Francisco Giants, Chicago Cubs, Pittsburgh Pirates, and Detroit Tigers.

1986Laure Manaudou, French swimmer^[†]

Laure Manaudou is a retired French Olympic, world and European champion swimmer. She has held the world record in freestyle events between 200 and 1500 meter. She is the older sister of Florent Manaudou who is also an Olympic gold medalist swimmer.

1986David Phelps, American baseball player^[†]

David Edward Phelps is an American former professional baseball pitcher. He played in Major League Baseball (MLB) for the New York Yankees, Miami Marlins, Seattle Mariners, Toronto Blue Jays, Chicago Cubs, Milwaukee Brewers, and Philadelphia Phillies. Phelps played college baseball at the University of Notre Dame.

1986Jan Christian Vestre, Norwegian businessman and politician^[†]

Jan Christian Vestre is a Norwegian jurist, businessperson in the furniture industry, and politician for the Labour Party. He has served as Minister of Health and Care Services since 2024, and Minister of Trade and Industry between 2021 and 2024. Furthermore, he has been a deputy leader of the party since 2023.

1986Stephane Zubar, French footballer^[†]

Stéphane Zubar is a Guadeloupean former professional footballer who played as a defender. He is the younger brother of Ronald Zubar and cousin of Claude Dielna, both of whom are footballers.

Historical Events

1986The Phantom of the Opera, eventually the second longest running musical in London, opens at Her Majesty's Theatre.^[†]

The Phantom of the Opera is a musical by Andrew Lloyd Webber, lyrics by Charles Hart, additional lyrics by Richard Stilgoe, and a libretto by Lloyd Webber and Stilgoe. Based on the novel by Gaston Leroux, it tells the tragic story of beautiful soprano Christine Daaé, who becomes the obsession of a mysterious and disfigured musical genius living in the subterranean labyrinth beneath the Paris Opera House.

1986Fox Broadcasting Company (FBC) launches as the fourth US television network.^[†]

Fox Broadcasting Company, LLC is an American commercial broadcast television network serving as the flagship property of Fox Corporation and operated through Fox Entertainment. Fox is based at Fox Corporation's corporate headquarters at 1211 Avenue of the Americas in Midtown Manhattan, New York City, and it hosts additional offices at the Fox Network Center in Los Angeles and at the Fox Media Center in Tempe, Arizona. The channel was launched by News Corporation on October 9, 1986 as a competitor to the Big Three television networks, which are the American Broadcasting Company (ABC), the Columbia Broadcasting System (CBS), and the National Broadcasting Company (NBC). Fox went on to become the most successful attempt at a fourth television network; it was also the highest-rated free-to-air network in the 18–49 demographic from 2004 to 2012 and 2020 to 2021 and was the most-watched American television network in total viewership during the 2007–08 season. It is a member of the North American Broadcasters Association and the National Association of Broadcasters. Fox does not have network newscasts due to its lack of a news division and instead relies on the 24-hour Fox News Channel.

Historical Context for October 9, 1986

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

Headlines from October 9, 1986

NEW RIVALS ASIDE, WALL ST. STILL CALLS THE TUNE

DEBARTOLO'S CLIMB: BUILDER BEGAN AT 13

EDUCATOR IS CRITICAL OF SEX PLAN IN SCHOOLS

CITY PLANS TO ADD 2,300 JAIL SPACES

INSIDE

Top Gun

Fore!

Dancing On The Ceiling

Slippery When Wet

Raising Hell

Notable Births

Historical Events

Historical Context for October 9, 1986