Thursday, October 30, 2008

1988: January

January 1 - The Soviet Union begins its program of economic restructuring (perestroika) with legislation initiated by Premier Mikhail Gorbachev (though Gorbachev had begun minor restructuring in 1985).
January 1 - The Evangelical Lutheran Church in America is established, creating the largest Lutheran denomination in the United States.
January 8 - The Dow Jones Industrial Average falls 140.58 points, or 6.85%, to close at 1,911.31 in a mini-crash.
January 13 - Taiwan President Chiang Ching-kuo dies in Taipei; Vice-President Lee Teng-hui becomes president.
January 15 - In Jerusalem, Israeli police and Palestinian protestors clash at the Dome of the Rock; several police and at least 70 Palestinians are injured.
January 25 - U.S. Vice President George H.W. Bush and CBS News anchor Dan Rather clash over Bush's role in the Iran-Contra scandal, during a contentious television interview.
January 29 - The Midwest Classic Conference, a U.S. college athletic conference, is formed.

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