Nick
In Remembrance
1863
Robert Gould Shaw, leading the first northern all-black regiment, leaves Boston for the Civil War.
1929
The first all-color, full-length talking picture, On With the Show!, debuted.
1934
The Dionne quintuplets were born in Ontario, Canada.
1957
Baseball owners voted to allow the Brooklyn Dodgers and New York Giants to move to Los Angeles and San Francisco, respectively. Many New Yorkers still havent recovered. See other baseball city and nickname changes.
1987
Mathias Rust, a 19-year-old pilot from West Germany, landed his private plane in Moscows Red Square. He was arrested and sentenced to four years in a labor camp, but was released after just one.
1997
Linda Finch completed Amelia Earhart's attempted around-the-world flight.
1998
Pakistan staged nuclear tests in response to India's nuclear tests two weeks earlier.
***********************************************************************************DAILY EXTRA****************************************
2003.........Pres. Bush signed a $350 billion tax cut into law; the third largest tax cut in U.S. history.
On the domestic front, President Bush unveiled a sweeping economic stimulus plan that characteristically centered around tax cuts. The plan in its original form was to cut taxes by $670 billion over ten years; Congress approved a $350 billion version in May (which will in fact rise to a $800 billion tax cut if its sunset clauses are cancelled). The plan strongly favored two groups: two-parent households with several children, and the wealthynearly half the proposed tax benefits were reserved for the richest 10% of American taxpayers. Critics argued that it was unsound to offer tax cuts in the midst of a jobless recovery (nearly 3 million jobs had been lost since Bush came to office), when the country was involved in an enormously expensive war, and when the federal budget deficit, according to the nonpartisan Congressional Budget Office, was expected to reach a record $480 billion in 2004. Bush continued to argue that his previous tax cuts (this was his third round) had managed to keep the recession shallow and were beginning to revive the economy. And indeed, the economy began to rebound substantially in the latter part of 2003. GDP grew by a vigorous 7.2% in the third quarter, and in the fourth quarter, unemployment began to drop as productivity increased.
But prospects remained bleak for the poor: the most recent statistics revealed that in 2002, 34.6 million (12% of the population) lived in poverty, up 1.7 million from the year 2001, and the percent of the population without health insurance rose to 15.2%, the largest increase in a decade.
Robert Gould Shaw, leading the first northern all-black regiment, leaves Boston for the Civil War.
1929
The first all-color, full-length talking picture, On With the Show!, debuted.
1934
The Dionne quintuplets were born in Ontario, Canada.
1957
Baseball owners voted to allow the Brooklyn Dodgers and New York Giants to move to Los Angeles and San Francisco, respectively. Many New Yorkers still havent recovered. See other baseball city and nickname changes.
1987
Mathias Rust, a 19-year-old pilot from West Germany, landed his private plane in Moscows Red Square. He was arrested and sentenced to four years in a labor camp, but was released after just one.
1997
Linda Finch completed Amelia Earhart's attempted around-the-world flight.
1998
Pakistan staged nuclear tests in response to India's nuclear tests two weeks earlier.
***********************************************************************************DAILY EXTRA****************************************
2003.........Pres. Bush signed a $350 billion tax cut into law; the third largest tax cut in U.S. history.
On the domestic front, President Bush unveiled a sweeping economic stimulus plan that characteristically centered around tax cuts. The plan in its original form was to cut taxes by $670 billion over ten years; Congress approved a $350 billion version in May (which will in fact rise to a $800 billion tax cut if its sunset clauses are cancelled). The plan strongly favored two groups: two-parent households with several children, and the wealthynearly half the proposed tax benefits were reserved for the richest 10% of American taxpayers. Critics argued that it was unsound to offer tax cuts in the midst of a jobless recovery (nearly 3 million jobs had been lost since Bush came to office), when the country was involved in an enormously expensive war, and when the federal budget deficit, according to the nonpartisan Congressional Budget Office, was expected to reach a record $480 billion in 2004. Bush continued to argue that his previous tax cuts (this was his third round) had managed to keep the recession shallow and were beginning to revive the economy. And indeed, the economy began to rebound substantially in the latter part of 2003. GDP grew by a vigorous 7.2% in the third quarter, and in the fourth quarter, unemployment began to drop as productivity increased.
But prospects remained bleak for the poor: the most recent statistics revealed that in 2002, 34.6 million (12% of the population) lived in poverty, up 1.7 million from the year 2001, and the percent of the population without health insurance rose to 15.2%, the largest increase in a decade.
