What happened on July 23, 1981?

Headlines from July 23, 1981

• 🏛️ Chrysler Reports Profit – Chrysler Corporation announced a $12 million profit for the second quarter of 1981, its first profit in over two years.
• 🇵🇱 Poland Averts Strikes – Negotiations between the Polish government and Solidarity union successfully averted planned strikes at airlines and ports.
• 🌊 China Flooding Eases – Chinese officials announced that the worst of the Yangtze River flooding has passed as water levels begin to drop.
• 🏦 Exxon Earnings Surge – Exxon Corporation reported a 77% increase in second-quarter earnings, reaching $1.83 billion.
• 📈 Hershey Profits Rise – Hershey Foods Corporation reported a 23.1% increase in profits for the second quarter, driven by strong candy sales.
• 🏛️ Wilson Schmidt Dies – Wilson Schmidt, President Reagan's nominee for the World Bank, died after injuries from a fire at the Cosmos Club.
• ⚖️ Agca Sentenced – Mehmet Ali Agca was sentenced to life in prison for attempting to assassinate Pope John Paul II.
• 💼 Puerto Rico Accepts Refugees – Puerto Rico agreed to accept 800 Haitian refugees currently housed in Florida refugee centers.
• 📉 U.S. Economy Declines – The U.S. economy shrank at an annual rate of 1.9% in the second quarter, indicating a rapid downturn.
• 📊 Dow Jones Drops – The Dow Jones industrial average fell to its lowest closing of the year, dropping 9.80 points.