On this day in 1980, United States Secretary of the Treasury G. William Miller announces the approval of nearly $1.5 billion dollars in federal loan guarantees for the nearly bankrupt Chrysler Corporation. At the time, it was the largest rescue package ever granted by the U.S. government to an American corporation. Founded as the Maxwell […]
Tito Dies
Josip Broz Tito, communist leader of Yugoslavia since 1945, passes away at the age of 88 in Belgrade. During his 35-year rule, Tito guided Yugoslavia along a pathway that combined dogmatic allegiance to Marxism with an independent, and often combative, relationship with the Soviet Union. The child of peasants, Tito became a convert to the […]
MADD Founder’s Daughter Killed By Drunk Driver
On this day in 1980, 13-year-old Cari Lightner of Fair Oaks, California, is walking along a quiet road on her way to a church carnival when a car swerves out of control, striking and killing her. Cari’s tragic death compelled her mother, Candy Lightner, to found the organization Mothers Against Drunk Driving (MADD), which would […]
Air Tragedy Hits Canary Islands
A Dan-Air Boeing 727 carrying British tourists to the Canary Islands crashes and kills all 146 on board on this day in 1980. This terrible crash came just three years after another even deadlier accident at the Canary Islands airport. In 1977, a KLM jumbo jet had collided with a Pan Am plane on the […]
Hostage Rescue Mission Ends In Disaster
On April 24, 1980, an ill-fated military operation to rescue the 52 American hostages held in Tehran ends with eight U.S. servicemen dead and no hostages rescued. With the Iran Hostage Crisis stretching into its sixth month and all diplomatic appeals to the Iranian government ending in failure, President Jimmy Carter ordered the military mission […]
Rosie Ruiz Fakes Boston Marathon Win
Rosie Ruiz Fakes Boston MRosie Ruiz, age 26, finishes first in the women’s division of the Boston Marathon with a time of 2:31:56 on April 21, 1980. She was rewarded with a medal, a laurel wreath and a silver bowl; however, eight days later Ruiz is stripped of her victory after race officials learned she […]
Castro Announces Mariel Boatlift
On April 20, 1980, the Castro regime announces that all Cubans wishing to emigrate to the U.S. are free to board boats at the port of Mariel west of Havana, launching the Mariel Boatlift. The first of 125,000 Cuban refugees from Mariel reached Florida the next day. The boatlift was precipitated by housing and job […]
ABSCAM Operation Revealed
On February 2, 1980, details of ABSCAM, an FBI operation to uncover political corruption in the government, are released to the public. Thirty-one public officials were targeted for investigation, including Representative John Murphy of New York, five other representatives, and Harrison Williams, a senator from New Jersey. In the operation, FBI agents posed as representatives […]