KSBW Action News 8 Update - 3/30/87

Here are the first few minutes of the Action News 8 newscast that aired on March 30th, 1987 on local NBC affiliate KSBW.

Featured is a story about the plunging American dollar vs. the rising Japanese yen, signaling a possible trade war.

As of 2008, Jim Vanderzwaan still does the weather and Dennis Lehnen still does the sports.

I wish I had the rest of the newscast, but the tape cuts off about 10 seconds after this story.

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[DracoMalfoy87]

Reagan would never have put those counterproductive tariffs in place...who put them in place? This was all so ridiculous, allow free trade!

[80sCommercialVault]

@DracoMalfoy87 Yes, Reagan did put them in place. He was essentially a protectionist when it came to Japanese imports.

[DracoMalfoy87]

What?! I'm a huge Reagan fan, but I thought he advocated free trade! What a hypocrite! No wonder the Japanese continued making better electronics (although the US invents everything) than the US, because we didn't have to compete in an international market. Protectionism does not even help those whom it is designed to, in the long run. Really nice Reagan...

[80sCommercialVault]

@DracoMalfoy87 In 1982, Reagan's ITC also put tariffs on imported motorcycles at the request of Harley Davidson (The sole American-owned motorcycle manufacturer at the time), who was close to bankruptcy. Whether you agree with them or not, that company was saved by putting those tariffs in place.

I'm not a Reagan fan at all, but I do agree with you that it was hypocritical of him to support import tariffs when he ran under the banner of free trade. Politicians are politicians, I guess.

[DracoMalfoy87]

I support free trade but I think there might be extreme conditions that call for a very short period of protectionism. VERY SHORT, and maybe Harley Davidson was a special case there, but look how basic those bikes are...maybe because of protectionism

[80sCommercialVault]

@DracoMalfoy87 It was actually Harley who requested that the tariffs be pulled two years before they were set to expire. All they needed was some breathing room from the Japanese manufacturers, who were turning out superior product when Harley was struggling to maintain a bottom line. In the end, they gave up trying to compete with Japanese innovations and started to market the company as a nostalgia brand...much like Coca Cola. Harley now comprises a third of the world's motorcycle market.

[CoastStarlight11]

O MY GAWD!!!! I grew up on the Central Coast of California in a town called Aptos near Santa Cruz and I always watched KSBW. I watched KSBW starting in the mid 1980's. I lived in Aptos from 1985 till 2004.

[chrisman737]

I remember when he was in Detroit. Great journalist. I just looked him up and he is now Dr. Joseph Glover (!) teaching journalism in Alabama I believe.

[MeInTX]

A 57-point drop was the third-largest drop ever? Wow--times (and the Dow) has changed.

[Mizzou522]

Dannnnnng Joe Glover was ownin that shiz!!! Good lookin too!