On this day

July 3, 1962

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

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Headlines from July 3, 1962

U.S. COTTON REPORT ACCUSES BROKERS OF ILLEGAL BUYING; Government Sales Aides Got 400 Million Worth Below Going Price, Study Says DEALS IN '59-'60 TRACED Purchasers Later Sold at a Profit, Congress Is Told --Practice Now Barred Sale Agreements Ended U.S. COTTON PAPER ACCUSES BROKERS 2 Types Licensed Profit Forbidden

By Cabell Phillips Special To the New York Times

Gen Acctg Office repts brokers acting as official CCC agents sold selves over $400 million worth of Govt cotton for as much as $20 a bale below prevailing mkt prices,'5961; repts Agr Dept knew and approved though sales were clearly illegal; urges Justice Dept action; Admr Godfrey says practices were begun in Eisenhower Adm, ended in Apr '61 and will not be revived; key role of W C Berger, CCC exec vp during '59 and '60 and currently Commercial Solvents Corp dir, noted; transactions detailed

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Notable Births

Scott Borchetta

1962Scott Borchetta, American record executive and entrepreneur[โ€ ]

Scott Borchetta is an American record executive and founder of the Big Machine Label Group. He started the label in 2005 with Taylor Swift as its first signed artist and 13 employees, he served as its president/CEO, encompassing four imprints: Big Machine Records, Nashville Harbor Records & Entertainment, The Valory Music Co. and Nash Icon Records. In 2015, he became an in-house mentor on American Idol in the program's 14th and 15th seasons. He is also a sports car racing driver in the Trans-Am Series and owner of NASCAR Xfinity Series team Big Machine Racing.

Tom Cruise

1962Tom Cruise, American actor and producer[โ€ ]

Thomas Cruise Mapother IV is an American actor and film producer. Regarded as a Hollywood icon, he has received various accolades, including an Honorary Palme d'Or and three Golden Globe Awards, in addition to nominations for four Academy Awards. As of 2018, his films have grossed over $13.2 billion worldwide, placing him among the highest-grossing actors of all time. One of Hollywood's most bankable stars, he is consistently one of the world's highest-paid actors.

Thomas Gibson

1962Thomas Gibson, American actor and director[โ€ ]

Thomas Ellis Gibson is an American actor and director best known for his roles as Aaron Hotchner on Criminal Minds (2005โ€“16), Greg Montgomery on Dharma & Greg (1997โ€“2002) and Daniel Nyland on Chicago Hope (1994โ€“97).

Historical Context for July 3, 1962

In 1962, the world population was approximately 3,123,374,315 people[โ€ ]