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Headlines:
Reagan's rise ... Communism's fall
Innovations:
The birth of the PC, cell phone and virtual reality
Culture:
"E.T.," MTV and the "King of Pop"
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Prime Time Terrorism
Terrorism is hardly a new threat in the West in the late 20th century. But it evolved radically in the 1960s and '70s and reached a notorious milestone in the 1980s, as terrorist incidents appeared to become more frequent -- and more lethal.

Nicknamed the "Junk Bond King," American financier Michael Milken came to represent everything that was good
-- entrepreneurial zeal -- and bad -- greed subsidized by fraud
-- during the "go-go Eighties". 
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