On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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The Economy Some credit market analysts assert that the Federal Reserve may cut short-term interest rates again by early June, even though recent data point to a recovery. Some, however, are skeptical that a cut will stimulate loan demand. [ Page D1. ] Politicians and Government officials have joined the debate over whether the wealthy are indeed getting richer at the expense of the poor. [ D1. ]
Scorned in the streets of many parts of this city, and laughed at by political leaders and comedians alike, the Los Angeles Police Department is a dispirited band in blue. For the last 14 months, they have been called brutes with badges. But after their delayed and hesitant response to this city's worst riots, the 8,000 officers have been labeled cowards and incompetents.
Even though recent economic data point to a recovery, a number of credit market analysts continue to assert that the Federal Reserve Board may cut short-term interest rates again by early June. The prospects for another Fed easing seemed to dim last week after the Labor Department reported that nonfarm payroll employment rose by 126,000 jobs last month and that the unemployment rate slipped a notch, to 7.2 percent.
Millions of Americans will spend at least a night inside a national forest campground this year, but only a handful will ever call one home. This week, a half-dozen families, most of them from this logging community, started setting up their shelters in the first campground in a national forest set aside exclusively for the homeless.
After a decade in which health costs rose rapidly and many people could no longer afford care, state and local health officials around the country are returning to the kind of planning denounced by the Reagan Administration as a tool of heavy-handed government regulation. State officials are adopting new laws and regulations to slow the construction of hospitals and nursing homes and the purchase of costly medical equipment. At the same time they are convening groups of doctors, consumers, hospital executives, insurers and employers to negotiate the distribution of health-care resources.
Music on My Birthday
The Top 50 albums for the chart week of May 6, 1992, covering May 11, 1992.
Def Leppard
The Cure
Kris Kross
Queen
Red Hot Chili Peppers
1992Thibaut Courtois, Belgian footballer[†]
Thibaut Nicolas Marc Courtois is a Belgian professional footballer who plays as a goalkeeper for La Liga club Real Madrid and the Belgium national team. Regarded as one of the greatest goalkeepers of all time, he is known for his reflexes, acrobatic saves, and command of the penalty area.
1992Pablo Sarabia, Spanish footballer[†]
Pablo Sarabia García is a Spanish professional footballer. Mainly an attacking midfielder, he can also play as a right winger.
1992Bobi, Portuguese Rafeiro do Alentejo, oldest recorded dog (died 2023)[†]
Bobi was a male purebred Rafeiro do Alentejo dog cared for by Leonel Costa of Conqueiros, Leiria, Portugal. Bobi was claimed by his caretaker to be the oldest dog to ever live and the first dog on record to reach 30 years. On 2 February 2023, Bobi was certified by Guinness World Records as the oldest living dog, along with being the oldest dog on record to ever live. However, after veterinarians became suspicious of his real age, an investigation was pursued. Once his records were revoked, he was stripped of the title. Bobi died on 21 October 2023, reportedly aged 31 years and 165 days.
In 1992, the world population was approximately 5,505,989,816 people[†]