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December 5, 1998

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

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Headlines from December 5, 1998

Canada Agrees to Reduce Barriers Against U.S. Farm Products

By John H. Cushman Jr

Canada, moving to head off border blockade by angry American farmers, agrees to lower barriers to United States farm exports but not to cut its own meat and grain exports; pledges, after months of talks involving trade and agriculture officials, to let US farmers export grain by rail more easily, to revise health rules on imported livestock and to end burdensome testing requirments for wheat disease; American farm leaders call for end to blockade threat (M)

Business/Financial Desk837 words

Three Teams, Two Spots and One Big Weekend

By Joe Drape

Nation's top three college football teams are in action today, hoping to remain unbeaten, finish No. 1 or No. 2 in final Bowl Championship series ranking and play for national title; right now, Tennessee leads BCS, with UCLA second and Kansas State third; photos (M)

Sports Desk874 words

BUSINESS DIGEST

By Unknown Author

Jobless Rate Slips to 4.4%, Nearing 3-Decade Low Despite fears that 1998 still could turn out to be the decade's worst year for layoffs, more Americans than ever are working, the Government said. United States employers added 267,000 workers to their payrolls in November as the jobless rate slipped to 4.4 percent, near a three-decade low. It was the biggest gain in payrolls in three months and matched the pace of the year's first half, when many on Wall Street were more fearful of an overheated economy than of a recession. [Page A1.] Mylan Said to Face F.T.C. Lawsuit The Federal Government is preparing to accuse Mylan Laboratories, a big generic drug maker, of anti-competitive practices. The staff of the Federal Trade Commission has recommended filing a civil action against the company, which it said sharply raised the prices of its products after trying to corner the market on the drugs' raw materials. [A1.] Unocal Quits Pipeline Project Unocal has withdrawn from a consortium that planned an $8 billion energy pipeline system traversing war-torn Afghanistan, a company official said. The consortium, which brought together companies from Saudi Arabia, Japan, South Korea and Pakistan, had planned to build twin oil and gas pipelines from Turkmenistan to the Pakistan port of Gwadar. [C2.] Republic Hires Sears Marketer Republic Industries hired a top Sears, Roebuck marketing executive to be its president as part of its drive to raise the profile of its Autonation USA unit. John H. Costello, left, will be responsible for developing the marketing for the company, which owns the nation's largest chain of franchised new and used automobile dealerships. He will also oversee its retail and rental operations. [C2.] Hollinger Selling 45 Newspapers Hollinger International, the second-largest United States newspaper group, will sell 45 newspapers to Community Newspaper Holdings for $475 million. Hollinger said the papers to be sold are in 14 states. [C3.] Buyers Bid Up Ubid Initial Offer The stock of the on-line auction company Ubid ended the first day of trading with its shares closing at $48 -- more than three times the $15 offering price. Coming in the aftermath of several run-ups by Internet initial public offerings the last month, Ubid was able to offer the stock at a price beyond the original estimated range of $12 to $14. [C2.] Scottish Power in Pacificorp Talks Scottish Power was said to be discussing a deal to acquire Pacificorp, a big utility in the Northwest. The value of the potential deal was not known, but two British newspapers reported last month that Scottish Power wanted to buy Pacificorp for $6.6 billion. [C3.] $1.5 Million Award in Air Bag Death A Federal jury in Manhattan awarded $1.5 million to the estate of a 5-year-old boy killed after an air bag deployed in the front seat of a Dodge minivan where he had been riding without a fastened seat belt. DaimlerChrysler, the minivan maker, called the verdict unfair. [B2.] Struggle Over Kenya Beer Market The maker of Kenya's best-selling beer, which was named Tusker after one of the brewery's founders was killed by an elephant, is facing another behemoth. South African Breweries has taken on East African Breweries and its partner, Guinness, in what has quickly become a war over more than beer. [A4.] Mexico Bank Bailout Held Up After nine months of grueling debate, Mexican lawmakers have reached broad agreement on measures to refinance the Government's troubled $61 billion bank bailout. But a final accord has been stymied by a dispute over a top Government finance official. [A6.] Rises Fuel Insurance Spiral Many of the 16 million people under 65 who have to buy their own health insurance are facing increases of 40 percent or more this fall, creating a dynamic that appears likely to send prices even higher. [A7.]

Business/Financial Desk631 words

Music on My Birthday

Billboard 200

The Top 50 albums for the chart week of December 2, 1998, covering December 5, 1998.

  1. 1
    Album cover for Double Live by Garth Brooks

    Double Live

    Garth Brooks

    Last week
    โ€”
    Peak
    1
    Weeks
    1
  2. 2
    Album cover for Tical 2000: Judgement Day by Method Man

    Tical 2000: Judgement Day

    Method Man

    Last week
    โ€”
    Peak
    2
    Weeks
    1
  3. 3
    Album cover for Spirit by Jewel

    Spirit

    Jewel

    Last week
    โ€”
    Peak
    3
    Weeks
    1
  4. 4
    Album cover for # 1's by Mariah Carey

    # 1's

    Mariah Carey

    Last week
    โ€”
    Peak
    4
    Weeks
    1
  5. 5
    Album cover for These Are Special Times by Celine Dion

    These Are Special Times

    Celine Dion

    Last week
    3
    Peak
    3
    Weeks
    3

Notable Births

Conan Gray

1998Conan Gray, American singer-songwriter[โ€ ]

Conan Lee Gray is an American singer-songwriter and former YouTuber. He was born in Lemon Grove, California, and raised in Georgetown, Texas where he began uploading vlogs, covers, and original songs to YouTube as a teenager. In 2018, Gray signed a record deal with Republic Records, which released his debut EP, Sunset Season (2018).

Randal Kolo Muani

1998Randal Kolo Muani, French footballer[โ€ ]

Randal Kolo Muani is a French professional footballer who plays as a forward for Serie A club Juventus, on loan from Ligue 1 club Paris Saint-Germain, and the France national team.

Notable Deaths

Albert Gore Sr.

1998Albert Gore, Sr., American lawyer and politician (born 1907)[โ€ ]

Albert Arnold Gore Sr. was an American politician who served as a United States senator from Tennessee from 1953 to 1971. A member of the Democratic Party, he previously served as a U.S. representative from the state's 4th congressional district from 1939 to 1953. He was the father of Al Gore, who served as the 45th vice president of the United States from 1993 until 2001, and held Tennessee's other U.S. Senate seat from 1985 to 1993. A native of Granville, Tennessee, Gore graduated from Middle Tennessee State Teachers College and taught school. From 1932 to 1936 he was superintendent of schools for Smith County. He attended the Nashville Y.M.C.A. Night Law School, now the Nashville School of Law, from which he graduated in 1936.

Historical Context for December 5, 1998

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