On this day
Revisit the news, notable people, and historical moments connected to this date.
In 1988, the world population was approximately 5,141,992,542 people[†]
1988Michael Jamieson, Scottish-English swimmer[†]
Michael Jamieson is a Scottish former competitive swimmer who represented Great Britain at the Olympics, FINA world championships and European championships, and Scotland in the Commonwealth Games. Jamieson won the silver medal in the men's 200-metre breaststroke at the 2012 Summer Olympics. He now is the Head Coach for the Swimming Club, Natare West London.
1988Federica Pellegrini, Italian swimmer[†]
Federica Pellegrini is an Italian retired swimmer. A native of Mirano, in the former province of Venice, she won a gold medal at the 2008 Beijing Olympics. At the 2009 World Championships in Rome, Pellegrini became the first woman ever to break the 4-minute barrier in the 400 m freestyle with a time of 3:59.15. She also held the women's 200 meters freestyle world record.
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LEAD: An investor group headed by the First Boston Corporation and senior executives of the Insilco Corporation said yesterday that they had reached agreement to buy the consumer conglomerate for $29 a share, or $950 million in cash, including debt.
LEAD: Because of a shortage of workers, wages are rising faster in Massachusetts than they are in any other state.
LEAD: Mayor Koch, in an unexpected move, yesterday lifted a six-week ban that had prohibited vendors from working in midtown Manhattan, and agreed to a compromise to limit food stands on the most congested corners. The agreement, which requires City Council action, permits the vendors to return today to their most lucrative spots.
LEAD: The Hertz Corporation pleaded guilty yesterday to defrauding 110,000 customers and other motorists and insurance companies by charging them inflated and sometimes fictitious collision-repair costs.
LEAD: Representative Mario Biaggi, the senior member of New York City's Congressional delegation, was convicted yesterday of 15 felony counts in the Wedtech racketeering trial.
LEAD: Wedtech, once a symbol of hope for the depressed inner city, is now an emblem of white-collar greed and political corruption. Page B4. . . . and Biaggi's Outlook
LEAD: Michael S. Dukakis took his campaign to Mississippi and had to confront the enigmatic political character of the Deep South. Page A12.
LEAD: The BankAmerica Corporation will not restore a common stock dividend this year, A.W. Clausen, its chairman and chief executive, has said. He seemed to suggest, however, that a dividend might be restored next year.
LEAD: An official investigation has found that Mayor Koch's chef at Gracie Mansion improperly used city workers and equipment in his private catering business, and Mr. Koch said yesterday that he had given the chef one week to decide whether to divest himself of the business or quit.
LEAD: The Senate today pledged the full faith and credit of the Federal Government behind notes issued by the Federal Savings and Loan Insurance Corporation. It also urged Federal regulators to stop more than 500 insolvent savings and loan institutions from making more loans.
LEAD: JUST by its nature, the programming of a concert series always indicates ideological intent - which apples are included, which oranges get left out in the cold. Classical Jazz, a five-night series opening tonight at Lincoln Center, doesn't mince words, announcing its intentions in its title. Mostly programmed by Wynton Marsalis, the jazz trumpeter, critic and artistic adviser to the series, and Alina Bloomgarden, the producer, Classical Jazz is heavy with tributes: the composers Tadd Dameron and Duke Ellington, and the drummer Max Roach are all given a night.