What happened on May 6, 1987?

Headlines from May 6, 1987

• 🏛️ South Africa Votes – Whites-only election in South Africa is criticized as a farce by 24 million disfranchised blacks, with calls for a boycott.
• 📈 British Reserves Soar – Britain's gold and currency reserves rose by $2.9 billion in April, prompting expectations of lower interest rates.
• 📊 House Passes $5B Package – The House approved a $5 billion rescue package for the Federal Savings and Loan Insurance Corporation.
• 🚗 Chrysler Sales Incentives – Chrysler Corporation announces cut-rate financing to boost car and truck sales, effective immediately.
• 💼 Citicorp Acquires Brokerage – Citicorp announced the acquisition of full ownership of its Australian stock brokerage subsidiary to enhance operations.
• 🌍 World Bank Environmental Projects – The World Bank announced new measures to protect the environments of developing countries amid past criticisms.
• 📉 Interest Rates Drop – Interest rates declined modestly following a Treasury auction of three-year notes, signaling potential economic shifts.
• 📈 Auto Sales Strengthen – Automobile sales showed improvement in late April, nearing levels from the previous year despite market fluctuations.
• 📅 Swede to Visit Reagan – Swedish Prime Minister Ingvar Carlsson accepted an invitation to meet President Reagan at the White House in September.
• 🎉 Irving Berlin Turns 99 – Irving Berlin celebrates his 99th birthday, marking a significant milestone in the life of the iconic American composer.