On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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LEAD: THE ECONOMY Tax-exempt organizations face new taxes on some commercial activities under Congressional proposals endorsed by the Administration. Advocates of change say the issue is fairness, not revenue, and complain that small businesses are at a competitive disadvantage in competing with not-for-profit groups.
LEAD: Mikhail S. Gorbachev's new economic reality visited this Black Sea port city last year, passing like an unexpected tremor through the rock-stable lives of longshoremen, crane operators, mechanics and clerks.
LEAD: Prices of Treasury notes and bonds were mixed in sluggish trading yesterday as market participants prepared for the start of the Treasury's $26 billion quarterly refunding, which begins today with the $8.75 billion sale of new three-year notes.
LEAD: It took a couple of hours for the word to get out on the street that a new drop-in center for the homeless had opened in the red-brick storefront across the street from the Port Authority Bus Terminal in Manhattan.
LEAD: ABOUT 10 years ago, in the early morning hours after a coronary bypass operation, a retired California postal worker suffered a sudden loss of blood to his brain. Although he survived with most of his faculties intact, the patient - known in the annals of neurology as R. B. - lost his ability to form memories.
Music on My Birthday
The Top 50 albums for the chart week of May 4, 1988, covering May 10, 1988.
Soundtrack
George Michael
Soundtrack
Terence Trent D'Arby
Michael Jackson
1988Adam Lallana, English footballer[†]
Adam David Lallana is an English professional footballer who plays as an attacking midfielder for EFL Championship club Southampton, and is also interim assistant manager at the club.
1988Shen Congwen, Chinese author and academic (born 1902)[†]
Shen Congwen, formerly romanized as Shen Ts'ung-wen, was a Chinese writer who is considered one of the greatest modern Chinese writers, on par with Lu Xun. Regional culture and identity plays a much bigger role in his writing than that of other major early modern Chinese writers. He was known for combining the vernacular style with classical Chinese writing techniques. Shen is the most important of the "native soil" writers in modern Chinese literature. Shen Congwen published many excellent compositions in his life, the most famous of which is the novella Border Town. This story is about the old ferryman and his granddaughter Cuicui's love story. Shen Congwen and his wife Zhang Zhaohe were married in 1933, Shen Congwen and Zhang Zhaohe had two sons and one daughter after their marriage.
In 1988, the world population was approximately 5,141,992,542 people[†]