On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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The wisdom on Wall Street in recent months has been that the private investment partnerships known as hedge funds have lost their luster. In fact, many shined in 1994. Despite the well-publicized losses of Wall Street's most famous hedge funds last year, many others did well. And many new funds are popping up, attracting both new talent and investors.
A year ago, the polls showed President Clinton in good political shape, buoyed by an improving economy. So he waved a pen at Congress and the nation. Give me a health care plan that covers everyone in America, he demanded; if you resort instead to half-measures, I will veto them. In the end, of course, Congress gave Mr. Clinton no health care legislation at all, and the electorate gave him a swift punch in the nose, in the shape of sweeping Republican triumphs at the state, local and national levels.
Republicans Lose Out Defying the odds, Willie Brown carried out a bold strategy and was re-elected Assembly Speaker in a coup for California Democrats. Page A10. How About 'Yankeeland'? In its latest proposal, New York City has offered to create what one official called a "theme park" atmosphere at Yankee Stadium. Page B1. Affirmative Action Debate From universities and medical schools to high schools, affirmative action policies are under increasing attack in California. Page B7.
THESE days, the handwriting on the wall can't be read. People are writing less and less, and legible handwriting is becoming as rare as the quill pen. Grown men and women are resorting to printing in order to make themselves understood.
New York City's continuing fiscal problems forced the city to pay higher interest rates yesterday on its sale of $658 million in debt. The offering, which included 30-year bonds, was intended to help the city avoid further cuts in its $31.8 billion budget. It will cost New York millions of dollars in extra interest payments compared with other similarly rated municipal bonds as Wall Street continues to worry that the city's problems will make it more difficult to finance its needs.
Music on My Birthday
The Top 50 albums for the chart week of January 25, 1995, covering January 25, 1995.
Garth Brooks
Green Day
Boyz II Men
Eagles
Pearl Jam
1995The Norwegian rocket incident: Russia almost launches a nuclear attack after it mistakes Black Brant XII, a Norwegian research rocket, for a US Trident missile.[†]
The Norwegian rocket incident, also known as the Black Brant scare, occurred on January 25, 1995, when a team of Norwegian and American scientists launched a Black Brant XII four-stage sounding rocket from the Andøya Rocket Range off the northwestern coast of Norway. The rocket carried scientific equipment to study the aurora borealis over Svalbard, and flew on a high northbound trajectory, which included an air corridor that stretches from Minuteman III nuclear missile silos in North Dakota all the way to Moscow, the capital city of Russia. The rocket eventually reached an altitude of 1,453 kilometers (903 mi), resembling a US Navy submarine-launched Trident missile. Fearing a high-altitude nuclear attack that could blind Russian radar, Russian nuclear forces went on high alert, and the "nuclear briefcase" was taken to Russian President Boris Yeltsin, who then had to decide whether to launch a retaliatory nuclear strike against the United States. Russian observers determined that there was no nuclear attack and no retaliation was ordered.
In 1995, the world population was approximately 5,758,878,982 people[†]