On this day

February 26, 1987

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

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Headlines from February 26, 1987

ARGENTINA TO FREEZE PAY, PRICES

By Shirley Christian, Special To the New York Times

LEAD: The Argentine Government announced a four-month freeze on prices and salaries tonight, saying it needed a ''more serene climate'' in which to carry out structural changes in the economy.

Financial Desk779 words

GORBACHEV CANDID ABOUT OPPOSITION

By Philip Taubman, Special To the New York Times

LEAD: Mikhail S. Gorbachev, in his most candid acknowledgment of opposition to his policies, sought today to assure critics that ''democratization'' would not produce disarray in Soviet society.

Foreign Desk713 words

JUDGE BARS INDICTMENT OF DEAVER TO MULL CONSTITUTIONAL CHALLENGE

By Martin Tolchin, Special To the New York Times

LEAD: A special prosecutor said today that he would ask a Federal grand jury to indict Michael K. Deaver, the former White House deputy chief of staff, on four counts of perjury. But a Federal district judge temporarily barred any indictments after Mr. Deaver's lawyers challenged the constitutionality of the law authorizing appointment of special prosecutors.

National Desk1107 words

INSIDE

By Unknown Author

LEAD: REAGAN ON AIDS EDUCATION President Reagan will back Federal AIDS education if it stresses ''responsible sexual behavior,'' a White House memorandum said. Page A14. FREE BLACKS IN THE COLONIES Archeologists say they have found the first American settlement of free blacks, slaves who fled British colonies to Spanish Florida.

Metropolitan Desk169 words

N.C.A.A. BANS FOOTBALL AT S.M.U. FOR '87 SEASON

By Michael Goodwin, Special To the New York Times

LEAD: Southern Methodist University has been barred from fielding a football team next fall and will be permitted only a limited schedule in 1988 because athletic officials improperly paid about $61,000 to players, the National Collegiate Athletic Association announced today.

Sports Desk1141 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of February 25, 1987, covering February 26, 1987.

  1. 1
    Album cover for Slippery When Wet by Bon Jovi

    Slippery When Wet

    Bon Jovi

    Last week
    1
    Peak
    1
    Weeks
    25
  2. 2
    Album cover for Licensed To Ill by Beastie Boys

    Licensed To Ill

    Beastie Boys

    Last week
    2
    Peak
    2
    Weeks
    14
  3. 3
    Album cover for Night Songs by Cinderella

    Night Songs

    Cinderella

    Last week
    3
    Peak
    3
    Weeks
    33
  4. 4
    Album cover for The Way It Is by Bruce Hornsby & The Range

    The Way It Is

    Bruce Hornsby & The Range

    Last week
    4
    Peak
    4
    Weeks
    37
  5. 5
    Album cover for Georgia Satellites by The Georgia Satellites

    Georgia Satellites

    The Georgia Satellites

    Last week
    8
    Peak
    5
    Weeks
    18

Historical Events

Iran–Contra affair

1987Iran–Contra affair: The Tower Commission rebukes President Ronald Reagan for not controlling his national security staff.[†]

The Iran–Contra affair, also referred to as the Iran–Contra scandal, the Iran Initiative, or simply Iran–Contra, was a political scandal in the United States that centered on arms trafficking to Iran between 1981 and 1986, facilitated by senior officials of the Ronald Reagan administration. As Iran was subject to an arms embargo at the time of the scandal, the sale of arms was deemed illegal. The administration hoped to use the proceeds of the arms sale to fund the Contras, an anti-Sandinista rebel group in Nicaragua. Under the Boland Amendment, passed by Congress in a 411-0 vote and signed into law by Reagan, further funding of the Contras by legislative appropriations was prohibited by Congress, but the Reagan administration continued funding them secretively using non-appropriated funds.

Historical Context for February 26, 1987

In 1987, the world population was approximately 5,049,746,397 people[†]