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World Events
U.S. Events
Economics
US GDP (1998 dollars): $381.3 billion
Federal spending: $70.86 billion
Federal debt: $270.8 billion
Consumer Price Index: 26.9
Unemployment: 2.9%
Cost of a first-class stamp: $0.03
Sports
World SeriesNY Giants d. Cleveland (4-0)NBA ChampionshipMinneapolis Lakers d. Syracuse (4-3)Stanley CupDetroit d. Montreal (4-3)WimbledonWomen: Maureen Connolly d. L. Brough (6-2 7-5)
Men: Jaroslav Drobny d. K. Rosewall (13-11 4-6 6-2 9-7)Kentucky Derby ChampionDetermineNCAA Basketball ChampionshipLa Salle d. Bradley (92-76)NCAA Football ChampionsOhio St. (AP, INS) (10-0-0) & UCLA (UP, FW) (9-0-0)World CupW. Germany d. Hungary (3-2)
Entertainment
Events- The World Series is broadcast in color for the first time.
- The revenue for television broadcasters finally surpasses that of radio broadcasters. Gross revenue for television is $593 million.
- Bill Haley and the Comets begin writing hit songs. As a white band using black-derived forms, they venture into rock 'n' roll.
- Robert Joffrey Ballet debuts.
Movies- On the Waterfront, Rear Window, The Caine Mutiny, Sabrina, The High and the Mighty
Music- Pierre Boulez, Le Marteau Sans Maître (The Hammer Without a Master)
Books
Science
Nobel Prizes in Science
Chemistry: Linus C. Pauling (US), for study of forces holding together protein and other molecules Physics: Max Born (UK), for work in quantum mechanics; and Walther Bothe (Germany), for work in cosmic radiation Physiology or Medicine: John F. Enders, Thomas H. Weller, and Frederick C. Robbins (all US), for work with cultivation of polio virus
Deaths
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