- The United Nations set up the Intergovernmental Panel on Climate Change
- The State of Palestine was proclaimed by Palestinian National Council
- The Piper Alpha offshore drilling platform exploded
- The Pan Am flight 103 bombing over Lockerbie, Scotland, killed 103
- Oliver North was indicted for The Iran Contra affair
- First observance of World AIDS Day
- The Space Shuttle Discovery was launched
- "The Last Emperor" won 9 Academy Awards
- Record of the Year was "Graceland" by Paul Simon
- Stephen Hawking published " A Brief History Of Time "
- The first major computer virus infected computers connected to the Internet.
- The Hubble Space Telescope was put into operation
- Super Mario Brothers 2 video game was released in North America
- Average price of a gallon of gas $0.91; average price of a new car $10,400
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