On this day

May 4, 1989

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

Historical Context for May 4, 1989

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

Notable Births

Rory McIlroy

1989Rory McIlroy, Northern Irish golfer[†]

Rory Daniel McIlroy is a Northern Irish professional golfer who plays on the European Tour and the PGA Tour. He is a former world number one in the Official World Golf Ranking and has spent over 100 weeks in that position during his career. A five-time major champion, he is one of six men to achieve a modern career grand slam and the first European to do so.

James van Riemsdyk

1989James van Riemsdyk, American ice hockey player[†]

James van Riemsdyk, often known by his initials JVR, is an American professional ice hockey left winger for the Columbus Blue Jackets of the National Hockey League (NHL). Between 2012 and 2018, he played in the NHL for the Toronto Maple Leafs, before joining the Philadelphia Flyers until 2023.

Historical Events

Iran–Contra affair

1989Iran–Contra affair: Former White House aide Oliver North is convicted of three crimes and acquitted of nine other charges; the convictions are later overturned on appeal.[†]

The Iran–Contra affair, also referred to as the Iran–Contra scandal, the Iran Initiative, or simply Iran–Contra, was a political scandal in the United States that centered on arms trafficking to Iran between 1981 and 1986, facilitated by senior officials of the Ronald Reagan administration. As Iran was subject to an arms embargo at the time of the scandal, the sale of arms was deemed illegal. The administration hoped to use the proceeds of the arms sale to fund the Contras, an anti-Sandinista rebel group in Nicaragua. Under the Boland Amendment, passed by Congress in a 411-0 vote and signed into law by Reagan, further funding of the Contras by legislative appropriations was prohibited by Congress, but the Reagan administration continued funding them secretively using non-appropriated funds.

Space Shuttle Atlantis

1989Space Shuttle Atlantis launches on mission STS-30 to deploy the Venus-bound Magellan space probe.[†]

Space Shuttle Atlantis is a retired Space Shuttle orbiter vehicle which belongs to NASA, the spaceflight and space exploration agency of the United States. Atlantis was manufactured by the Rockwell International company in Southern California and was delivered to the Kennedy Space Center in Eastern Florida in April 1985. Atlantis is the fourth operational and the second-to-last Space Shuttle built. Its maiden flight was STS-51-J made from October 3 to 7, 1985.

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Headlines from May 4, 1989

ANTITRUST EASING WILL BE PROPOSED TO AID TV EFFORT

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

LEAD: The Bush Administration is preparing to propose a major relaxation of antitrust laws, with the goal of permitting companies like Motorola, A.T.&T. and I.B.M. to work together to produce high-technology equipment, starting with high-definition television sets.

Financial Desk1362 words

Koch Voices Some Doubts On Charter

By Richard Levine

LEAD: In his most detailed response to the efforts of the New York City Charter Revision Commission, Mayor Edward I. Koch said he has ''some doubts'' about a proposal that would radically alter the shape of a government he has led for more than 11 years.

Metropolitan Desk1414 words

The Dollar's Stubborn Strength

By Jonathan Fuerbringer

LEAD: Despite repeated efforts by central banks to knock it down, the pesky dollar is proving surprisingly resilient this year because it has become one of the safest bets in the huge, $400 billion foreign exchange market.

Financial Desk989 words

Demand for Used Jets Sends Prices Soaring

By Eric Weiner

LEAD: Frustrated by huge backlogs for delivery of new planes from manufacturers like the Boeing Company and the McDonnell Douglas Corporation, many airlines have decided to buy used jetliners. And despite growing concern about structural problems in aging aircraft, demand is higher than ever, causing prices to skyrocket.

Financial Desk1439 words

Cuomo's Veto Of Tuition Rise Draws Attack

By Elizabeth Kolbert, Special To the New York Times

LEAD: Legislators reacted angrily today to Gov. Mario M. Cuomo's veto of a tuition increase for New York's State University and City University systems, saying that the Governor would either have to find more money for higher education or bear the responsibility for the cuts in programs that would occur.

Metropolitan Desk1114 words

Rescue Capsule Saved Only 1 On Sinking Soviet Submarine

By Bernard E. Trainor, Special To the New York Times

LEAD: The Soviet experimental attack submarine that sank in the Norwegian Sea last month was equipped with a rescue sphere that malfunctioned when five trapped crew members tried to escape, an American official and Soviet publications say.

Foreign Desk1043 words

Investment Firm Stake By Met Life

By Kurt Eichenwald

LEAD: In a move that would increase its influence on Wall Street, the Metropolitan Life Insurance Company has agreed to buy a 10 percent stake in CS First Boston Inc., the two companies announced yesterday.

Financial Desk730 words