Timeline October 1986

Events in October 1986 10

• 1933 – 1986 Samora Machel (1933-1986) Died 19 October 1986, aged 53 First president of Mozambique after independence from Portugal, and a leading figure in southern Africa's liberation movements. He died when his presidential plane crashed near the South African border, in circumstances that remain disputed. His death was widely seen amid the region's Cold War-era conflicts as suspicious.
• 1986 Jason Newsted joins Metallica New bassist Replaces Burton.
• 1986 Comprehensive Anti-Apartheid Act US Congress imposes sanctions on South Africa The United States Congress overrode President Reagan's veto to enact sweeping economic sanctions against South Africa's apartheid government. The act banned new investment and imposed trade restrictions, pressuring Pretoria over its treatment of the Black majority. It marked a rare foreign-policy defeat for Reagan in Congress.
• 1986 Fox Broadcasting Company launches News Corporation debuts a fourth US television network Rupert Murdoch's News Corporation launched the Fox Broadcasting Company, the first successful attempt to establish a fourth major US television network since the 1950s. Fox began with limited weekly programming before expanding to a full schedule. It went on to challenge the established networks with shows aimed at younger audiences.
• 1986 Reykjavik Summit Reagan and Gorbachev discuss nuclear arms reduction US President Ronald Reagan and Soviet leader Mikhail Gorbachev met in Reykjavik, Iceland to negotiate deep cuts to nuclear arsenals. The talks collapsed over disagreement on the Strategic Defense Initiative but laid groundwork for the 1987 INF Treaty. Observers later credited the summit with reshaping the endgame of the Cold War.
• 1986 Neil Young holds the first Bridge School Benefit With Pegi Young Annual acoustic concerts for a school for children with severe speech and physical disabilities.
• 1986 Chuck Berry's 60th birthday concerts Hail! Hail! Rock 'n' Roll Keith Richards leads the band at the Fox Theatre in St. Louis, filmed for Hail! Hail! Rock 'n' Roll.
• 1986 Dele Giwa killed by letter bomb Nigerian journalist assassinated in Lagos Prominent Nigerian journalist and magazine editor Dele Giwa was killed by a parcel bomb delivered to his home in Lagos. His death, days after questioning by state security agents, was widely seen as an attack on press freedom under military rule. No one was ever convicted for the killing.
• 1986 Tax Reform Act of 1986 Major overhaul of the US federal tax code The US Congress passed a sweeping reform of the federal income tax system, simplifying tax brackets and closing numerous loopholes. It was the most significant overhaul of the US tax code since World War II. President Reagan signed it into law after bipartisan negotiation.
• 1986 Big Bang financial deregulation London Stock Exchange abolishes fixed commissions The London Stock Exchange abruptly deregulated, scrapping fixed commissions and allowing foreign ownership of member firms. The change, nicknamed the Big Bang, accelerated the shift to electronic trading and cemented London's role as a global financial centre. It reshaped the City of London's banking industry within a few years.