On this day

May 5, 1992

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

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Headlines from May 5, 1992

BUSINESS DIGEST

By Unknown Author

Companies Toyota's production techniques at its Kentucky factory are being hailed as a model of how to change the American way of mass production and help factories make everything more efficiently, from cars to copiers, jets to dishwashers. [ Page A1. ] Detroit has been slow to adopt Japanese manufacturing principles. [ D8. ] Visa and Mastercard are fighting a heated battle to sign up banks to issue their debit cards -- the next generation of plastic competing for space in American wallets. [ D1. ]

Financial Desk625 words

Pizza and Persistence Win in Hungary

By Roger Cohen

It is close to midnight and George F. Hemingway, a one-man American locomotive for the nascent market economy in Hungary, is swinging his Isuzu Trooper through the gloomy streets here, pointing out the extent of his business empire. "That's mine," says the burly entrepreneur from Los Angeles, gesturing toward a gourmet food store called Bon Bon Hemingway. "That's mine also," he adds, as he passes a sports outfitter named USA Sport. "Mine too," he declares, indicating a Chinese restaurant that, he reckons, serves Europe's finest caramelized bananas. "And this is my big favorite," he roars, lurching to a halt beside Hungary's first Pizza Hut.

Financial Desk1439 words

Revival on Broadway Is Broadway; Theater District Businesses Give the Season Rave Reviews

By James Dao

In a parking lot on West 46th Street, the measure of Broadway's success often comes down to this: At what time can Frank Gonzalez play chess? With remarkable speed and even more remarkable dexterity, five guys -- none named Moe -- wheel the BMW's, Mercedes-Benzes and Lincoln Continentals of harried theatergoers into spaces prudent drivers might consider best suited for Volkswagens.

Metropolitan Desk1330 words

Market Place; The R.V. Indicator Turns Upbeat

By John Holusha

Sales of recreational vehicles, those homes on wheels that clog the nation's highways during the summers, appear to be picking up, figures compiled by the industry's trade association show. That may signal some good news for the nation's economy; many in the industry at least view R.V. sales as a reliable leading indicator. "The pattern has held for 20-plus years," said H. Wayne Dahl, president of the Holiday Rambler unit of Harley-Davidson Inc. "Recreational vehicle sales are among the first things to fall off in a recession, and they have always led the recovery." Although Harley-Davidson is best known for its rumbling motorcycles, 25 percent of its revenues come from Holiday Rambler, which makes high-priced motor homes and other vehicles. A Cyclical Business David Humphreys, who is president of the Recreational Vehicle Industries Association in Reston, Va., said: "We knew the industry had a history of ups and downs, but at first we didn't believe that we were a leading indicator. But Chase Economics and the University of Michigan's Consumer Research Center found that we were one of the most leading indicators they could find."

Financial Desk781 words

Fulton Panel Gets Details On Violence

By Selwyn Raab

A parade of witnesses, some of them hooded in fear of retaliation, described yesterday how merchants were subjected to violence and intimidation at the Fulton Fish Market in Manhattan despite repeated attempts to wipe out corruption and abuses at the market. For innocently parking in the wrong spot at the market, a Brooklyn restaurateur said, he was set upon by a gang of 25 men who clubbed him with dock hooks and wrecked his car.

Metropolitan Desk920 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of April 29, 1992, covering May 5, 1992.

  1. 1
    Album cover for Adrenalize by Def Leppard

    Adrenalize

    Def Leppard

    Last week
    1
    Peak
    1
    Weeks
    3
  2. 2
    Album cover for Totally Krossed Out by Kris Kross

    Totally Krossed Out

    Kris Kross

    Last week
    3
    Peak
    2
    Weeks
    3
  3. 3
    Album cover for Human Touch by Bruce Springsteen

    Human Touch

    Bruce Springsteen

    Last week
    2
    Peak
    2
    Weeks
    3
  4. 4
    Album cover for Wayne's World by Soundtrack

    Wayne's World

    Soundtrack

    Last week
    6
    Peak
    1
    Weeks
    9
  5. 5
    Album cover for Blood Sugar Sex Magik by Red Hot Chili Peppers

    Blood Sugar Sex Magik

    Red Hot Chili Peppers

    Last week
    11
    Peak
    5
    Weeks
    30

Historical Context for May 5, 1992

In 1992, the world population was approximately 5,505,989,816 people[†]