BUSINESS DIGEST
The Economy Federal spending on public works is gaining a new respectability among economists, Wall Street traders and some corporate executives as a last-resort way to generate jobs. [ Page A1. ]
On this day
Revisit the music, news, notable people, and historical moments connected to this date.
Portrait 1080 × 1920 PNG · created on your device
The Economy Federal spending on public works is gaining a new respectability among economists, Wall Street traders and some corporate executives as a last-resort way to generate jobs. [ Page A1. ]
As parents marched outside Eastern District High School this week chanting, "No security, no classes," English melting into Spanish, their children fell into introspection. Was it overcrowding or racial antagonism that made a fight erupt in the school cafeteria where the blacks and Puerto Ricans sit on one side of the room, and the latest newcomers -- the Dominicans -- on the other? Why in America, which for many of them is still a new and unfamiliar second home, do the students so quickly divide up by race and learn to fear the others? "I don't know why," said Rodrigo Calapaqui, 16 years old, one year out of Ecuador and apologetic about his halting English. "It's stupid idea. All the peoples are alike."
The Senate approved a plan today to require pharmaceutical companies to help the Government pay the cost of reviewing the safety of new drugs and to speed up the process. The legislation, approved unanimously by voice vote, signifies a major change in the relationship between the Food and Drug Administration and the industry it monitors. The bill, which requires the companies to pay fees to help cover the costs, has already been approved by the House, and President Bush is committed to signing it.
Israelis Fire on Protesters At least 90 Arabs were reportedly shot and wounded by plastic and rubber bullets when soldiers fired on protesters in the Gaza Strip. Page A3. A's and Braves Win Oakland beat Toronto, 4-3, in the American League opener, and Atlanta defeated Pittsburgh again, 13-5, in the National League series. Page B31. Critic of Academia Dies Allan Bloom, whose book "The Closing of the American Mind" became a guide to attacks on contemporary intellectual life, died at 62. Page B29. Last Season for L.T. Lawrence Taylor, the linebacker wholed the Giants to two Super Bowl victories, said that this would be his final season. Page B31.
The Federal Communications Commission on Thursday will propose assigning a block of frequencies for satellites to broadcast compact-disk-quality digital sound to homes and cars. Digital satellite radio is still little more than a gleam in the eyes of entrepreneurs, but the technology is available and proponents say it offers numerous benefits to listeners. For one thing, they say, digital transmission produces sound that is free of static and clearer than that of AM or FM stations. Beyond that, satellite broadcasting reaches every part of the country, allowing people to tune in even if they are nowhere near a city.
Music on My Birthday
The Top 50 albums for the chart week of October 7, 1992, covering October 8, 1992.
Garth Brooks
Eric Clapton
Billy Ray Cyrus
Pearl Jam
Garth Brooks
1992Chelsea Gray, American basketball player[†]
Chelsea Nichelle Gray is an American professional basketball player for the Las Vegas Aces of the Women's National Basketball Association (WNBA). Nicknamed "Point Gawd", she was the eleventh pick in the 2014 WNBA draft by the Connecticut Sun. After missing the 2014 season due to injury, she made her debut in the following year. Gray won her first title with the Los Angeles Sparks in 2016. She won her second title with the Las Vegas Aces in the 2022 WNBA Finals, where she was named Finals MVP. She won gold medals for 5x5 basketball at the 2020 and 2024 Summer Olympics. Her team, Rose BC, won the first ever Unrivaled league championship, where Gray was team captain and Finals MVP.
1992Maria João Koehler, Portuguese tennis player[†]
Maria João Koehler is a retired Portuguese tennis player.
1992Lidziya Marozava, Belarusian tennis player[†]
Lidziya Marozava is a professional tennis player from Belarus who has specialized in doubles.
1992Terran Petteway, American basketball player[†]
Terran Petteway is an American professional basketball player for Darkhan United of The League. He played college basketball for Texas Tech University and the University of Nebraska. Petteway led the Big Ten Conference in scoring during the 2013–14 season.
1992Willy Brandt, German lawyer and politician, 4th Chancellor of Germany, Nobel Prize laureate (born 1913)[†]
Willy Brandt was a German politician and statesman who was leader of the Social Democratic Party of Germany (SPD) from 1964 to 1987 and concurrently served as the chancellor of West Germany from 1969 to 1974. He was awarded the Nobel Peace Prize in 1971 for his efforts to strengthen cooperation in Western Europe through the EEC and to achieve reconciliation between West Germany and the countries of Eastern Europe. He was the first Social Democratic chancellor since 1930.

1992Robert Berdella, American serial killer, torturer, and rapist (born 1949)[†]
Robert Andrew Berdella Jr. was an American serial killer who kidnapped, raped, tortured, and murdered at least six young men after forcing his victims to endure periods of up to six weeks of captivity. His crimes took place in Kansas City, Missouri, between 1984 and 1987.
In 1992, the world population was approximately 5,505,989,816 people[†]