Event:
Italian officials announce that many of the country's public assets will be sold in an effort to reduce the country's debt; plans to sell part of the nation's air traffic control and postal services have already been approved
More Notable Events on May 18: 1980 Mount St. Helens blows its top in Washington State, 60 die
1953 Jacqueline Cochran is 1st woman to break the sound barrier
1951 U.N. moves headquarters to New York City
1927 Grauman's Chinese Theater opens in Hollywood California
1804 Napoleon Bonaparte proclaimed Emperor of France
