What happened on February 26, 1982?

Headlines from February 26, 1982

• 🏭 Oil Rig Inquiry Merges – Canada and Newfoundland announced a merger of inquiries into the Ocean Ranger oil rig disaster, which claimed 84 lives.
• 🤝 Jesse Jackson Meets Pope – Rev. Jesse Jackson met with Pope John Paul II to discuss the plight of Haitian refugees in Florida.
• 🇺🇸 Reagan's Property Sale Plan – President Reagan initiated plans to sell $2 billion in excess federal property annually.
• 📉 General Dynamics Earnings Fall – General Dynamics reported a 38% drop in net income for the fourth quarter compared to the previous year.
• 📉 Home Sales Decline – Existing home sales in January fell to their lowest level since 1970 due to severe weather and high mortgage rates.
• 💼 Nigerian Judge Elected ICJ President – Taslim Olawale Elias of Nigeria was elected president of the International Court of Justice.
• 🏛️ Columbia Pictures Ventures – Columbia Pictures formed a joint venture with Gaumont Films to produce and distribute movies in the U.S.
• 📈 Money Funds Gain Assets – Assets of U.S. money market funds rose by $1.24 billion, reaching $186.23 billion.
• 🏛️ Italy-Bahrain Petrochemical Deal – Italy's Snamprogetti won a contract to build a petrochemical plant in Bahrain, beating out several competitors.
• 🌍 Central American Leaders Meet – Leaders from five Central American nations called an unexpected meeting following President Reagan's speech.