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February 5, 1957

Revisit the news, notable people, and historical moments connected to this date.

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Headlines from February 5, 1957

MACY'S WINS TEST FOR TAX REFUND PUT AT $9,000,000; U.S. Court Rules Store Chain May Revise Way to Figure Costs for 1942-47 Appeal Is Predicted MACY WINS TEST FOR TAX REFUND Long Fight in Retailing

By Carl Spielvogel

US Dist Ct Judge Bicks hands down summary judgment to allow R H Macy & Co to value its inventory under LIFO method in fiscal '42 test case, suit filed by Macy and subsidiaries L Bamberger & Co, Davison-Paxon Co, and Lasalle & Koch Co in Oct '54; Macy thereby enabled to recover $727,523 for fiscal '42; Macy sees ruling affecting '42-47, which, plus interest at 6% for '42-53 would entitle co to $9 million refund; Macy computes taxes under LIFO for past 10 yrs, holds $2 million in reserve to be paid to Govt if LIFO is banned; Cong '41 ruling permitting carps election of LIFO, IRS later ruling barring retail trade from using it, '47 Tax Ct ruling upholding Hutzler Bros use of it and IRS subsequent reversal of ban noted

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Notable Births

Jüri Tamm

1957Jüri Tamm, Estonian hammer thrower and politician (died 2021)[†]

Jüri Tamm was an Estonian hammer thrower and politician. In his sporting career Tamm represented the Soviet Union, he won a bronze medal in the 1980 and 1988 Summer Olympics and a silver medal at the 1987 World Championships in Athletics. He set the world record for the hammer in 1980. Tamm was member of Estonian parliament Riigikogu from 2007 to 2011 as a member of the Social Democratic Party.

Notable Deaths

Sami Ibrahim Haddad

1957Sami Ibrahim Haddad, Lebanese surgeon and author (born 1890)[†]

Sami Ibrahim Haddad, Arabic: سامي ابراهيم حداد was a doctor, surgeon and writer. He was born in Palestine and spent most of his life in Lebanon.

Historical Context for February 5, 1957

In 1957, the world population was approximately 2,852,618,337 people[†]