As always, Alex Shrugged's opinions are his own. Other people's work are their own. I include them here for the sake of completeness and to provide a second method of access to the material for the TSP history segment.
* The Washington Post Exposes an 8-year-old Heroin Addict and a Liar -- Contributed by Alex Shrugged
* Staggering Effects -- Contributed by Southpaw Ben
* Elected Officials Are Caught Taking Bribes from "Arabs" -- Contributed by Alex Shrugged
* Notable Births -- See below.
* This Year in Film -- See below.
* This Year in Music -- See below.
* In Other News -- See below.
The Washington Post Exposes an 8-year-old Heroin Addict and a LiarContributed by Alex Shrugged
There is a problem with the Pulitzer Prize winning story written by Janet Cooke. In summary she reports...
Jimmy is 8-years-old and living in Washington D.C.. He has been begging his friend, Ron, to give him some heroin, so Ron finally agrees. Now Jimmy wants to be a drug dealer, maybe buy a bike, and get a dog. His mother, Andrea is OK with it because drugs are just a part of life. Jimmy can't do the needle himself. Ron has to help him, but he'll learn. It's all a matter of time.
So what's the problem? Mayor Marion Barry wants to help young Jimmy, but cannot find him. The Mayor raises doubts about the story. After Janet Cooke is caught in some lies on her resumé she is grilled on Jimmy's story. She finally admits that IT WAS ALL A LIE! She explains that she was under terrible pressure to produce, especially after the Post had brought down Nixon a few years ago. She resigns and the newspaper returns the Pulitzer. She is done.   
Staggering EffectsContributed by Southpaw Ben
The Staggers Rail Act and the Motor Carrier Act of 1980 were both passed as a means of deregulating transportation industries, removing many regulations and price controls from the train and trucking industries respectively. This allowed the creation of lower cost carriers, and helped the expansion of intermodal freight transport. This also helped usher in the age of just in time delivery, as now there were more carriers at better prices, meaning the cost of shipping food from a distributor to a store now cost the store less than having a large inventory of the items in the back, meaning a store had a lower overhead. 
Elected Officials Are Caught Taking Bribes from "Arabs"Contributed by Alex Shrugged
- "What have we come to if turning down a bribe is 'heroic'?"
- -- US Senator Larry Pressler, (R-South Dakota), considered the hero of the Abscam bribery scandal.
This Year in Film
- The Empire Strikes Back: "Luke, I am your father" (I almost laughed out loud.--alexshrugged) 
- The Blues Brothers: John Belushi and Dan Aykroyd are on a "Mission from God". 
- The Shining: Jack Nicholson plays an ax murderer. "Here's Johnny!" 
- Fame: Tracking the lives of students in the High School of Performing Arts. 
- The Gods Must Be Crazy: A bushman is on a quest to return a magic Coke bottle to the Gods. (Extremely weird and funny.--alexshrugged) 
- Urban Cowboy: Mechanical bull riding becomes a fad. 
This Year in TV
This Year in Music
This Year in Video Games
- The first Arcade Awards prize goes to... Space Invaders: The award is called "The Arkie". 
- Nameco releases Pac-Man: It will become the best selling game of all time. 
- Infocom releases Zork I: A text-based adventure game developed by the folks at MIT. 
- Distribution of video arcade games is standardized: Each new game is uploaded to a standard game cabinet using a Data East DECO cassette.