On this day

July 5, 1989

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

Portrait 1080 × 1920 PNG · created on your device

Filter by:

Headlines from July 5, 1989

BUSINESS DIGEST

By Unknown Author

LEAD: COMPANIES In Britain's largest takeover, Consolidated Gold Fields agreed to be acquired by Hanson for a revised offer of $:3.5 billion ($5.5 billion). Hanson, one of Britain's 10 largest companies, owns Smith Corona, Ground Round restaurants, Farberware cookware and Jacuzzi whirlpool baths.

Financial Desk743 words

Betting That 'Bank' Smells Sweeter

By Richard W. Stevenson, Special To the New York Times

LEAD: Even the healthiest savings and loan companies acknowledge that they have a bit of an image problem these days, as the industry continues to suffer widespread failures and record withdrawals.

Financial Desk1435 words

A Cheaper Cup of Coffee? Not Immediately

By Isadore Barmash

LEAD: Retail coffee prices are not likely to drop sharply, food retailers in the United States said yesterday, despite the decision Monday by the International Coffee Organization to suspend ceilings on exports, Coffee prices will ultimately come down, most retailers agreed, but they declined to estimate how much.

Financial Desk801 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of July 5, 1989, covering July 5, 1989.

  1. 1
    Album cover for The Raw & The Cooked by Fine Young Cannibals

    The Raw & The Cooked

    Fine Young Cannibals

    Last week
    1
    Peak
    1
    Weeks
    18
  2. 2
    Album cover for Don't Be Cruel by Bobby Brown

    Don't Be Cruel

    Bobby Brown

    Last week
    2
    Peak
    1
    Weeks
    51
  3. 3
    Album cover for Full Moon Fever by Tom Petty

    Full Moon Fever

    Tom Petty

    Last week
    4
    Peak
    3
    Weeks
    9
  4. 4
    Album cover for Like A Prayer by Madonna

    Like A Prayer

    Madonna

    Last week
    5
    Peak
    1
    Weeks
    14
  5. 5
    Album cover for Beaches by Soundtrack

    Beaches

    Soundtrack

    Last week
    3
    Peak
    2
    Weeks
    25

Notable Births

Adam Cole

1989Adam Cole, American wrestler[†]

Austin Kirk Jenkins, known by the ring name Adam Cole, is an American professional wrestler. He is signed to All Elite Wrestling (AEW), where he is the leader of The Paragon and is the reigning AEW TNT Champion in his first reign. He is also known for his tenures with WWE and Ring of Honor (ROH).

Georgios Efrem

1989Georgios Efrem, Cypriot footballer[†]

Georgios Efrem is a former Cypriot professional footballer who last played as a winger for Cypriot First Division club APOEL and the Cyprus national team.

Historical Events

Iran–Contra affair

1989Iran–Contra affair: Oliver North is sentenced by U.S. District Judge Gerhard A. Gesell to a three-year suspended prison term, two years probation, $150,000 in fines and 1,200 hours community service. His convictions are later overturned.[†]

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.

Historical Context for July 5, 1989

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