On this day
Revisit the music, news, notable people, and historical moments connected to this date.
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Robust state of junk bond market discussed in light of planned release from probation of one-time junk bond king Michael Milken; $119 billion in junk bonds were issued in 1997, up from $33 billion in 1986, peak of Milken era; flow of cash into junk bond mutual funds is setting records; graph (M)
Much of Beijing is being cleared by real-estate developers to make way for high-rise apartments, office buildings and shopping centers; familiar syndrome of urban renewal, long delayed by China's isolation and poverty, is unfolding fast, changing face of ancient city; single-story compounds and narrow alleys that made up much of Beijing are nearly all scheduled for demolition--their condition deemed beyond repair and their use of space too extravagant for modernizing metropolis; photos of artist Deng Haifan's paintings of life in old Beijing (M)
Number of Americans studying abroad has jumped 84 percent over last decade; with average bill for private schools in US now more than $20,000 a year--and costs elsewhere in world much lower--growing number of American families are finding that experience that once was largely restricted to well-to-do is turning into something that middle class can no longer afford to ignore; number of students seeking bargain educations abroad has grown so quickly that backlash has been seen, both at American schools and those in foreign countries; University of Pennsylvania charges students going abroad same amount they would pay on Philadelphia campus; some countries that heavily subsidize higher education have taken to charging foreigners full price; graph (M)
The top-ranked team in the country was playing on its home court before a frenzied, full house today. Undisputed possession of first place in the Atlantic Coast Conference, and with it an excellent chance at the top seeding in the East Regional of the National Collegiate Athletic Association tournament, was on the line as the regular season drew to a close. Yet, for more than 28 minutes, the Duke Blue Devils played like an intimidated team and seemed headed to their second loss of the season against North Carolina, their archrival from just down the road.
Katell le Bourhis, fashion historian for Christian Dior, reclaims Dior dress from sale of clothing owned by late Duchess of Windsor; photo; some of Windsor Diors will be place in company's new museum in Christian Dior's childhood home in Granville, in Normandy (S)
Music on My Birthday
The Top 50 albums for the chart week of February 25, 1998, covering March 1, 1998.
Soundtrack
Celine Dion
Pearl Jam
Garth Brooks
Spice Girls
1998Archie Goodwin, American author and illustrator (born 1937)[†]
Archie Goodwin was an American comic book writer, editor, and artist. He worked on a number of comic strips in addition to comic books, and is known for his Warren and Marvel Comics work. For Warren he was chief writer and editor of landmark horror anthology titles Creepy and Eerie between 1964 and 1967. At Marvel, he served as the company's editor-in-chief from 1976 to the end of 1977. In the 1980s, he edited the publisher's anthology magazine Epic Illustrated and its Epic Comics imprint. He is also known for his work on Star Wars in both comic books and newspaper strips. He is regularly cited as the "best-loved comic book editor, ever."
1998Titanic became the first film to gross over $1 billion worldwide.[†]
Titanic is a 1997 American epic romantic disaster film directed, written, co-produced and co-edited by James Cameron. Incorporating both historical and fictionalized aspects, it is based on accounts of the sinking of RMS Titanic in 1912. The film stars Leonardo DiCaprio and Kate Winslet as members of different social classes who fall in love during the ship's maiden voyage. The film also features an ensemble cast of Billy Zane, Kathy Bates, Frances Fisher, Bernard Hill, Jonathan Hyde, Danny Nucci, David Warner, and Bill Paxton.
In 1998, the world population was approximately 6,007,066,690 people[†]