What happened on May 8, 1981?

Headlines from May 8, 1981

• ✈️ 30 Die in Plane Crash – An Argentine jetliner crashed into the Rio de la Plata after two failed landing attempts, killing all 30 aboard.
• 🏛️ Reagan Consults Japan – President Reagan met Japan's Prime Minister Zenko Suzuki, discussing close consultation on vital issues.
• 🏦 IMF Secures $25 Billion – The International Monetary Fund secured loan commitments from Arab and Western nations to aid developing countries.
• 📈 Record Bond Rates – The U.S. Treasury auctioned 30-year bonds at the highest price ever, reflecting rising interest rates.
• 📊 Consumer Credit Rises – Consumer credit in the U.S. increased by $3.11 billion in March, marking the largest growth in 18 months.
• 🗳️ Labor Party Wins Elections – The Labor Party made a significant comeback in local council elections in England and Wales.
• 📚 Rare-Book Fair Opens – The Antiquarian Book Fair opens, featuring rare literary treasures including a letter from J.D. Salinger.
• 🎶 Paul Winter's Earth Mass – World premiere of Paul Winter's composition 'Earth Mass' at the Cathedral of St. John the Divine.
• 🏛️ Budget Accord in Albany – Legislative leaders and Governor Carey reached an agreement on a $16.6 billion state budget in New York.
• 🎨 Art Exhibit Opens – The Museum of Modern Art opens an exhibition exploring the relationship between painting and photography.