On this day

October 27, 1997

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

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Headlines from October 27, 1997

BUSINESS DIGEST

By Unknown Author

Deficit Falls to $22.6 Billion As Tax Revenues Surge President Clinton will announce today that the Federal budget deficit for the just-completed fiscal year fell to $22.6 billion, its lowest level in decades, largely as a result of strong economic growth that has created a surge in Federal tax revenues. The Administration started the year expecting a deficit of $128 billion.

Business/Financial Desk517 words

Hollywood Anticipates A Literary Bottom Line

By Bernard Weinraub

Hollywood studios and production companies have suddenly begun spending millions of dollars for novels to be made into films, investments that are both risky and measure of industry's hunger for new material; books in demand are science fiction, medical thrillers, love stories and sometimes combination of all three; have strong male leads and are viewed as vehicles for top stars (M)

The Arts/Cultural Desk1024 words

INSIDE METRO

By Unknown Author

THE GREAT PUMPKIN -- The question at Cornell University: how did a big pumpkin end up atop the 173-foot-tall bell tower? B6.

Metropolitan Desk73 words

Pilot Unhurt After Plane Flips

By Jesse McKinley

Carol Vandervliet narrowly escapes injury when plane she was flying blows tire on landing and flips over at Lincoln Park Airport (New Jersey Daily Briefing) (S)

Metropolitan Desk98 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of October 22, 1997, covering October 27, 1997.

  1. 1
    Album cover for The Velvet Rope by Janet

    The Velvet Rope

    Janet

    Last week
    โ€”
    Peak
    1
    Weeks
    1
  2. 2
    Album cover for Gang Related -- The Soundtrack by Soundtrack

    Gang Related -- The Soundtrack

    Soundtrack

    Last week
    โ€”
    Peak
    2
    Weeks
    1
  3. 3
    Album cover for You Light Up My Life -- Inspirational Songs by LeAnn Rimes

    You Light Up My Life -- Inspirational Songs

    LeAnn Rimes

    Last week
    1
    Peak
    1
    Weeks
    5
  4. 4
    Album cover for Evolution by Boyz II Men

    Evolution

    Boyz II Men

    Last week
    2
    Peak
    1
    Weeks
    3
  5. 5
    Album cover for Soul Food by Soundtrack

    Soul Food

    Soundtrack

    Last week
    4
    Peak
    4
    Weeks
    4

Notable Births

Lonzo Ball

1997Lonzo Ball, American basketball player[โ€ ]

Lonzo Anderson Ball is an American professional basketball player for the Chicago Bulls of the National Basketball Association (NBA). A point guard, he played college basketball for one season with the UCLA Bruins, earning consensus first-team All-American honors before the Los Angeles Lakers selected him with the second overall pick of the 2017 NBA draft. He was named to the NBA All-Rookie Second Team in 2018.

1997James TW, English singer-songwriter[โ€ ]

James Taylor-Watts, better known as James TW, is an English singer-songwriter. His single "When You Love Someone" peaked at number 28 on the Billboard Adult Pop Songs chart.

Notable Deaths

1997Mahala Andrews, British vertebrae palaeontologist (born 1939)[โ€ ]

Mahala Andrews was a British vertebrae palaeontologist who worked for the National Museum of Scotland.

Historical Events

1997 Asian financial crisis

1997The 1997 Asian financial crisis causes a crash in the Dow Jones Industrial Average.[โ€ ]

The 1997 Asian financial crisis gripped much of East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998โ€“1999 was rapid, and worries of a meltdown quickly subsided.

Historical Context for October 27, 1997

In 1997, the world population was approximately 5,924,787,816 people[โ€ ]