NBC radio broadcasts the cop drama Dragnet for the first time. It was created by, produced by, and starred Jack Webb as Joe Friday. The show would later go on to become a successful television program, also starring Webb.

Veronica Lake, beautiful blonde icon of 1940s Hollywood and one of film noir's most beloved fatales, dies in Burlington, Vermont of hepatitis and renal failure due to long term alcoholism. After Hollywood, she had drifted between cheap hotels in Brooklyn and New York City and was arrested several times for public drunkenness and disorderly conduct. A New York Post article briefly revived interest in her, but at the time of her death she was broke and forgotten.

American author William Faulkner, who wrote acclaimed novels such as Intruder in the Dust and The Sound and the Fury, dies of a heart attack in Wright's Sanitorium in Byhalia, Mississippi.

Ian Fleming, author of the James Bond novels, graduates from Camp X, a training school for spies located in Canada. The character of Bond has been said to have been based upon Camp X's Sir William Stephenson and what Fleming learned from him, though there are several other men who are also said to be the basis for Bond.

Colonel Oliver North, an aide to U.S. president Ronald Reagan, avoids jail during the sentencing phase of the Iran-Contra trials. North had been found guilty of falsifying and destroying documents, and obstructing Congress during their investigation of the massive drugs/arms/cash racket orchestrated by high-ranking members of the Reagan government.