On this day
Revisit the news, notable people, and historical moments connected to this date.
In 1987, the world population was approximately 5,049,746,397 people[†]
1987John Abraham, Indian director and screenwriter (born 1937)[†]
John Abraham was an Indian filmmaker, short story writer and screenwriter who worked mainly in Malayalam cinema. His film Amma Ariyan (1986) was the only South Indian feature film to make the list of "Top 10 Indian Films" of all time by British Film Institute. Agraharathil Kazhuthai was listed among the "100 Greatest Indian Films" of all time by IBN Live's 2013 poll.
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LEAD: The prime rate's three-month climb - to 8.25 percent from 7.50 percent - is dragging most consumer loan rates with it. But interest rates on bank credit cards have continued to fall, and will probably drop even further.
LEAD: WITH summer almost here, many Westchester residents have turned their fancies to swimming pools, golf courses and amusement park rides. Kathleen M. Tooher is also thinking about those things -and about how they might affect the county's liability insurance.
LEAD: THE UNION representing Hollywood's extras has agreed to studio demands for sharp cutbacks in wages and benefits for new members. MCA/Universal has discharged 200 employees and is about to order executives traveling to New York to use only those hotels that offer special corporate rates. 20th Century
LEAD: AN $80 million plan for beach restoration at this Atlantic Coast resort has been stalled by difficulties in obtaining easements from property owners.
LEAD: LATE last Thursday afternoon, Defense Secretary Caspar W. Weinberger briefed Congressional leaders on what amounted to a postponement of the plan to put American flags on Kuwaiti oil tankers in the Persian Gulf. At the same time, however, a White House spokesman, Dan Howard, was insisting to a reporter that the ''reflagging'' would go ahead as scheduled this week.
LEAD: THE end of May in the Hamptons is the calm before the swarm - of tourists and summer renters. They bring gardeners, repairmen, painters, house guests, traffic congestion - and money. It's the annual invasion that residents of all resort communities love to hate.
LEAD: EVER since construction began a year ago on an immense, residential community here called Tampa Palms, sales have outpaced construction.
LEAD: THE 87-year-old Consumers League of New Jersey, the oldest organization of its kind in continuous existence in the country, has pitted itself against the financial-services industry in recent years, fighting what it terms the erosion of consumer safeguards.
LEAD: AN INCREASING number of Long Island hospitals are installing their own small incinerators to burn their medical waste because of the skyrocketing cost of disposing of such trash.
LEAD: THE Supreme Court's landmark decision last week upholding ''preventive detention'' of allegedly dangerous defendants was more a milestone than a surprise. It capped a 15-year trend in which the Court has sided more and more with prosecutors against criminal defendants.
LEAD: Emil (Bus) Mosbacher Jr., the yachtsman and diplomat, has warm memories of his family's home in White Plains where he lived first as a boy and then as a husband and father. ''It was quite a wrench to leave it,'' said Mr. Mosbacher, who now lives in Greenwich, Conn.
LEAD: Whether the Rev. Jerry Falwell is trying to steal the PTL ministry, as Jim Bakker says, or to save it, there is more at stake here for the American evangelical movement than an air-conditioned doghouse or gold-plated bathroom fixtures.