On this day

January 5, 1989

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

Historical Context for January 5, 1989

In 1989, the world population was approximately 5,234,431,732 people[†]

Notable Births

Eduardo Escobar

1989Eduardo Escobar, Venezuelan-American baseball player[†]

Eduardo José Escobar is a Venezuelan-American professional baseball third baseman who is a free agent. He has previously played in Major League Baseball (MLB) for the Chicago White Sox, Minnesota Twins, Arizona Diamondbacks, Milwaukee Brewers, New York Mets, and Los Angeles Angels.

1989Krisztián Németh, Hungarian footballer[†]

Krisztián Németh is a Hungarian professional footballer who plays as a striker for Hungarian club MTK Budapest.

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Headlines from January 5, 1989

Commuting: Have Mug, Will Travel

By Patricia Leigh Brown

LEAD: THE peripatetic nature of American society has spawned all sorts of strange creations, among them billboards, Winnebagos, Walkman radios and car telephones.

Home Desk1179 words

Ouster Of Milken Seen Near

By Kurt Eichenwald

LEAD: Michael R. Milken, the head of the high-yield bond unit at Drexel Burnham Lambert Inc., will be removed from the firm and receive virtually none of his pay for last year as part of Drexel's settlement with the Government of charges of securities law violations, people familiar with the agreement said late yesterday.

Financial Desk741 words

Europe's Grand Plan for Web of Fast Trains

By Steven Greenhouse, Special To the New York Times

LEAD: European nations are undertaking the world's most ambitious high-speed rail project, which will tie Europe closer together by allowing travelers to move across the Continent at speeds up to 186 miles an hour.

Financial Desk1626 words

BUSINESS DIGEST

By Unknown Author

LEAD: INTERNATIONAL A high-speed European rail network that would sharply cut travel times is in the works. [ Page A1. ] THE ECONOMY The F.D.I.C. wants new powers to increase premiums on banks and to rein in high-risk lending. [ A1. ] President-elect Bush's strategy for the Federal budget has begun to take shape.

Financial Desk631 words

The State of 3 States

By Unknown Author

LEAD: Money was on the minds of the gov-ernors of New York, New Jersey and Connecticut yesterday. They warned their constituencies separately of budget constraints necessitated by spending that is outpacing revenues.

Metropolitan Desk145 words

The Brash Bed: Today's Bold Design Statements

By Elaine Louie

LEAD: IN the 50's, people bought suites of furniture for the bedroom. In the 60's, the brave slept on water beds, and in the 70's the avant-garde chose platform beds to make a minimal design statement. Today, although four-poster and brass beds are still popular, the beds of choice are reinterpretations of antiques or one-of-a-kind designs.

Home Desk801 words

Trial Begins On Newhouse Tax Issue

By Irvin Molotsky, Special To the New York Times

LEAD: Testimony began today in an attempt by the Government to win more than $600 million in taxes from the estate of Samuel I. Newhouse, who built one of the country's largest newspaper chains before his death in 1979.

Financial Desk886 words

Cuomo Plans A Major Effort To Fight Drugs

By Elizabeth Kolbert, Special To the New York Times

LEAD: Calling drug abuse ''the single most ominous phenomenon of our times,'' Gov. Mario M. Cuomo today outlined a major new effort to combat drugs in New York despite the state's tremendous financial problems.

Metropolitan Desk1309 words

TALKS BY DARMAN SHOW BUSH'S PLANS TO HANDLE BUDGET

By Peter T. Kilborn, Special To the New York Times

LEAD: President-elect George Bush's strategy for dealing with the Federal budget has begun to take shape, and Richard G. Darman, who has been given unchallenged authority to draft Mr. Bush's budget policy, is trying to sell it to Congress.

National Desk1201 words