On this day

December 7, 1990

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

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Headlines from December 7, 1990

Cuts in Jobs Are Reported At Kidder

By Kurt Eichenwald

Kidder, Peabody & Company has joined the ranks of investment houses dismissing employees, with a reduction in its investment banking division of as much as 10 percent, Wall Street executives said yesterday. Although the dimissals were focused in the investment banking division, which Kidder has been building up since the beginning of the year, they were part of a firm-wide cutback. As many as 70 people, or a little less than 2 percent of the firm's total staff of 5,000 were let go.

Financial Desk397 words

Families (and Markets) React

By Unknown Author

Families of hostages have had their hopes dashed in the past, but now many feel real hope. Page A21. The price of oil fell 89 cents, to $26.40 a barrel, after tumbling more than $3 on Wednesday. Page D1.

Financial Desk41 words

A Bankruptcy Wizard's Coups

By Alison Leigh Cowan

In the weeks when Donald J. Trump was fighting to keep his prize casino out of a messy bankruptcy, one participant in the talks got under his skin like no other: a soft-spoken but stubborn investment banker named Wilbur L. Ross Jr., with an owlish face and dimpled chin. Meet a troubled company's worst nightmare. After a decade of excess, American companies are paying the price of too much debt, and Mr. Ross has become one of the busiest financial engineers on Wall Street by helping to pick up the pieces. As the head of corporate finance at Rothschild Inc. he has built a lucrative specialty offering advice to securities holders of distressed companies like Mr. Trump's Taj Mahal -- often offending his adversaries along the way by playing the bully.

Financial Desk1575 words

Computer Fails, Posing Threat To Shuttle's Astronomy Mission

By William J. Broad

The space agency's already troubled astronomy mission aboard the orbiting shuttle Columbia was thrown into turmoil yesterday when a computer overheated and failed, apparently because it was clogged by lint from astronauts' and workers' uniforms. Ground controllers tried to salvage the 10-day mission by taking over some operations that had been conducted by the shuttle's seven astronauts and the failed computer.

National Desk1046 words

Subway Muse at Work in the Murk

By Michael Norman

"STAND clear of the closing doors!" If art grows out of experience -- the surest touchstone for everything, said Plato -- then images drawn from New York City's subterranean world should darken the spirit, unsettle the soul. Underground in New York, no one seems safe, particularly at night when the atmosphere is thick with risk and Gotham's most minatory predators ride the shrieking rails.

Weekend Desk1307 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of December 5, 1990, covering December 7, 1990.

1
To The Extreme
Vanilla Ice
Last week
1
Peak
1
Weeks
12
2
Please Hammer Don't Hurt 'Em
M.C. Hammer
Last week
2
Peak
1
Weeks
40
3
I'm Your Baby Tonight
Whitney Houston
Last week
5
Peak
3
Weeks
3
4
Mariah Carey
Mariah Carey
Last week
3
Peak
3
Weeks
24
5
Rhythm Of The Saints
Paul Simon
Last week
4
Peak
4
Weeks
6

Notable Births

1990Cameron Bairstow, Australian basketball player^[†]

Cameron David Bairstow is an Australian former professional basketball player. He played college basketball for the University of New Mexico before being drafted 49th overall in the 2014 NBA draft by the Chicago Bulls. He spent two seasons with the Bulls before playing five of next six years in the National Basketball League (NBL).

1990David Goffin, Belgian tennis player^[†]

David Goffin is a Belgian professional tennis player. He reached a career-high singles ranking of world No. 7, making him the highest ranked male player from Belgium in tennis history. He is also the first and only Belgian man to be ranked in the top 10. He is currently the No. 1 Belgian player.

1990Aleksandr Menkov, Russian long jumper^[†]

Aleksandr Aleksandrovich Menkov is a Russian athlete who competes in the long jump.

1990Yasiel Puig, Cuban baseball player^[†]

Yasiel Puig Valdés is a Cuban-born American professional baseball right fielder who is a free agent. He has previously played in Major League Baseball (MLB) for the Los Angeles Dodgers, Cincinnati Reds, and Cleveland Indians, and in the KBO League for the Kiwoom Heroes. He has also played in Mexico, the Dominican Republic, Puerto Rico, and Cuba. His nickname is "The Wild Horse", given to him by former longtime Dodgers broadcaster Vin Scully.

1990Urszula Radwańska, Polish tennis player^[†]

Urszula Radwańska is a Polish professional tennis player.

Notable Deaths

1990Joan Bennett, American actress (born 1910)^[†]

Joan Geraldine Bennett was an American stage, film, and television actress, one of three acting sisters from a show-business family. Beginning her career on the stage, Bennett appeared in more than 70 films from the era of silent films, well into the sound era. She is best remembered for her film noir femme fatale roles in director Fritz Lang's films—including Man Hunt (1941), The Woman in the Window (1944), and Scarlet Street (1945)—and for her television role as matriarch Elizabeth Collins Stoddard in the gothic 1960s soap opera Dark Shadows, for which she was nominated for an Emmy Award for Outstanding Achievement in Daytime Programming at the 20th Primetime Emmy Awards in 1968.

1990Jean Paul Lemieux, Canadian painter and educator (born 1904)^[†]

Jean Paul Lemieux, was one of the foremost twentieth century painters in Canada. He worked in several different styles, as represented by his five artistic periods.

Historical Context for December 7, 1990

In 1990, the world population was approximately 5,327,803,110 people^[†]

Headlines from December 7, 1990

Cuts in Jobs Are Reported At Kidder

Families (and Markets) React

A Bankruptcy Wizard's Coups

Computer Fails, Posing Threat To Shuttle's Astronomy Mission

Subway Muse at Work in the Murk

To The Extreme

Please Hammer Don't Hurt 'Em

I'm Your Baby Tonight

Mariah Carey

Rhythm Of The Saints

Notable Births

Notable Deaths

Historical Context for December 7, 1990