On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Companies United Technologies announced a series of plant closings and cutbacks that will eliminate 13,900 jobs by 1995. The cuts represent 7 percent of its 193,000 workers worldwide. [ Page A1. ]
At the start of a Presidential election year in which the economy is a central issue, the Congressional Budget Office predicted today that the economy would begin a weak recovery by the middle of 1992 and warned lawmakers not to endanger the recovery by resorting to radical changes in economic policy before the November election. In a report to Congress, the budget office said the recession was likely to end within six months. But it offered no guidance as to whether Mr. Bush and Congress would be able to withstand the mounting political pressure for steps to stimulate the economy.
For the first time, tens of millions of Russian television viewers will spend a week watching "Murphy Brown," "Life Goes On" and an array of American prime-time programs and movies dubbed in their language. Michael Jay Solomon, president of Warner Brothers International Television Distribution, said today that the company would announce the move with Russian television officials next Monday at the United Nations.
Cable television companies and their equipment suppliers are on the verge of installing new technology that will pack many more channels into cable networks, creating a potential programming revolution with implications for broadcasters, telephone companies and the consumer electronics industry. Some cable programmers are getting ready to take advantage of the technique, known as digital compression. Home Box Office began market tests last year in which it is offering three programs at once. Currently, this requires transmission on three separate channels, but with compression, all three programs could be transmitted in the future over a single channel. MTV, the music video channel, has also announced that it will offer three separate programs, specializing in different types of music, starting next year.
The group that makes most of the nation's accounting rules is about to revive a long-dormant project that would require companies to deduct from their income the cost of granting stock options to their top executives. The group, the Financial Accounting Standards Board, seems eager to correct a situation that has allowed corporations to play down their executive pay and to protect their earnings. With the issue of executive compensation heating up nationally, the board apparently feels it can no longer afford to ignore the situation. That is especially so now that the Securities and Exchange Commission, which oversees the board, has shown an increasingly keen interest in improving financial reporting. A Possible Showdown But at the same time, the group is aware it is hurtling toward a big showdown with the executives whose companies are among its biggest financial backers.
Music on My Birthday
The Top 50 albums for the chart week of January 22, 1992, covering January 22, 1992.
Garth Brooks
Michael Jackson
M.C. Hammer
Nirvana
Michael Bolton
1992Vincent Aboubakar, Cameroonian footballer[†]
Vincent Paté Aboubakar is a Cameroonian professional footballer who most recently played as a striker for Süper Lig club Hatayspor and captains the Cameroon national team.
1992Rebel forces occupy Zaire's national radio station in Kinshasa and broadcast a demand for the government's resignation.[†]
Zaire, officially the Republic of Zaire, was the name of the Democratic Republic of the Congo from 1971 to 18 May 1997. Located in Central Africa, it was, by area, the third-largest country in Africa after Sudan and Algeria, and the 11th-largest country in the world from 1965 to 1991. With a population of over 23 million, Zaire was the most populous Francophone country in Africa. Zaire was strategically important to the West during the Cold War, particularly the U.S., as a counterbalance to Soviet influence in Africa. The U.S. and its allies supported the Mobutu regime (1965–1997) with military and economic aid to prevent the spread of communism.
1992Space Shuttle program: The space shuttle Discovery launches on STS-42 carrying Dr. Roberta Bondar, who becomes the first Canadian woman and the first neurologist in space.[†]
The Space Shuttle program was the fourth human spaceflight program carried out by the U.S. National Aeronautics and Space Administration (NASA), which accomplished routine transportation for Earth-to-orbit crew and cargo from 1981 to 2011. Its official program name was Space Transportation System (STS), taken from a 1969 plan for a system of reusable spacecraft where it was the only item funded for development, as a proposed nuclear shuttle in the plan was cancelled in 1972. It flew 135 missions and carried 355 astronauts from 16 countries, many on multiple trips.
In 1992, the world population was approximately 5,505,989,816 people[†]