On this day

August 16, 1998

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

Historical Context for August 16, 1998

In 1998, the world population was approximately 6,007,066,690 people[โ€ ]

Notable Deaths

Phil Leeds

1998Phil Leeds, American actor (born 1916)[โ€ ]

Phil Leeds was an American character actor. He appeared in many movies and television series, including guest appearances in The Dick Van Dyke Show, Maude, Friends, Barney Miller, The Golden Girls, Everybody Loves Raymond, Boy Meets World and more.

Dorothy West

1998Dorothy West, American journalist and author (born 1907)[โ€ ]

Dorothy West was an American novelist, short-story writer, and magazine editor associated with the Harlem Renaissance, a cultural movement in the 1920s and 1930s that celebrated black art, literature, and music. She was one of the few Black women writers to be published in major literary magazines in the 1930s and 1940s.

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Headlines from August 16, 1998

A Time To Value Words of Wisdom

By Gretchen Morgenson

Gretchen Morgenson column suggests investors, as stock prices continue to slow, read 1934 book Security Analysis by Benjamin Graham and David Dodd (M)

Money and Business/Financial Desk655 words

Providing Places to Work, Places to Live

By Dennis Hevesi

Storeworks, program created by not-for-profit Neighborhood Housing Services and New York City Housing Preservation and Development Department, is enabling small-business people and first-time home buyers to buy deserted, ramshackle buildings in struggling neighborhoods by offering low purchase prices, favorable mortgage rates and city subsidy to gut and rehabilitate properties; seeks to spread current real estate boom in some areas of city to poorest neighborhoods; comes amid signs of vitality in once-desolate areas; photos (M)

Real Estate Desk2674 words

Clinton's Strategist

By Unknown Author

President Clinton's lawyer, David E. Kendall, is preparing him for testimony about his relationship with Monica S. Lewinsky. As director of Mr. Clinton's legal strategy, Mr. Kendall's reputation is also at stake. Article, page 22.

National Desk34 words

Voters' Advocate Feels Poll Taxed

By Robert Lipsyte

Robert Lipsyte column (Coping) on Grace Fitzgerald, New York City election official who has quit because city is unable or unwilling to repair elevators and build ramp so disabled voters can cast ballots at old Stuyvesant High; drawing (M)

The City Weekly Desk821 words

End of a Dream in Kenya

By Unknown Author

Two sisters who had planned to come to the United States were buried in their village eight days after a bomb ripped through the American Embassy in Nairobi. Page 6.

Foreign Desk32 words

Big Web Sites to Track Steps of Their Users

By Saul Hansell

Some of largest commecial sites of World Wide Web have agreed to feed information about their customers' reading, shopping and entertainment habits into system developed by CMG Information Services, Massachusetts company that is already tracking moves of over 30 million Internet users, often without their knowledge; agreement calls for participating Web sites to track their users so that advertisements can be precisely aimed at most likely prospects for goods and services; while this system guarantees anonymity of individual users, underlying technology disturbs privacy-rights advocates, who have long worried about growing ability of on-line companies to collect and store personal data about people who use Web; this new industry cooperative represents most ambitious effort yet to gather disparate bits of personal information into central data base containing digital dossiers on potentially every person who surfs Web (M)

Business/Financial Desk1857 words

A Break in the Clouds, Or More Storms Ahead?

By Edward Wyatt

Article describes significant differences between fall 1997 US stock market drop, blamed on Asian currency devaluation, and latest downturn; some experts say decline shows bull market's long run has ended; drawing (M)

Money and Business/Financial Desk308 words