On this day

February 5, 2002

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

Historical Context for February 5, 2002

In 2002, the world population was approximately 6,337,730,342 people[†]

Notable Births

Jisung

2002Jisung, South Korean rapper[†]

Park Ji-sung, also known mononymously as Jisung is a South Korean rapper, singer, songwriter, dancer and actor. He began his career as a child actor, model and dancer, as part of the Nam Hyun-Joon and Kids dance crew. He became a trainee under SM Entertainment in 2013 and was part of its pre-debut trainee team SM Rookies. Jisung made his idol debut in August 2016 as a member of South Korean boy group NCT through the sub-unit NCT Dream.

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Headlines from February 5, 2002

Call the Firehouse, and a Tow Truck; Volunteers Can't Afford to Fix Engine Damaged on Sept. 11

By Alan Feuer

Aviation Volunteer Fire Department in Harding Park section of Bronx waits for its fire truck to be repaired after incurring heavy damage on Sept 11; while insurance has paid for most repairs, balance of several thousand dollars remains and fire company cannot pay it; article traces history of company, one of ten volunteer units in New York, which was founded in 1923; map; photo (M)

Metropolitan Desk1214 words

Auditor Proposes Changes

By Unknown Author

Ernst & Young said it would stop selling information services to clients and quit being internal accountant and external auditor. Page C1.

Business/Financial Desk22 words

INSIDE

By Unknown Author

Sell-Off on Audit Fears The main stock indexes fell more than 2 percent as investors sold shares of companies they worried had auditing problems. PAGE C1 Water Decision Is Faulted There was no scientific basis for withholding water from farmers last year to save rare fish in the Klamath River basin, a study finds. PAGE A16

Metropolitan Desk140 words

PRESIDENT SUBMITS $2 TRILLION BUDGET THAT RAISES DEFICIT

By Richard W. Stevenson

Pres Bush sends Congress $2.13 trillion budget proposal for fiscal 2003 that would squeeze much of government to bolster national security and continue cutting taxes, even at cost of increasing deficits for few years; casts proposal as wartime agenda necessary to battle terrorism abroad and keep Americans safe at home; calls on Congress to begin years-long, expensive process of adding to nation's military might; seeks infusion of money for domestic security programs, including bioterrorism preparedness, increased border security and more support for emergency and rescue services; proposes cuts or freezes in vast array of domestic programs to help pay costs; other initiatives detailed; plan ignites partisan battle on Capitol Hill; Democrats say they will stand by president in making available funds needed to fight terrorism, but that trade-offs would shortchange vital social needs in short run and hobble government in long run; charts; photo (M)

National Desk1430 words

SENATE PANEL SAYS IT WILL SUBPOENA EX-CHIEF OF ENRON

By Stephen Labaton and Richard A. Oppel Jr

Senate Commerce Committee will subpoena former Enron chairman Kenneth L Lay, who infuriated lawmakers by cancelling appearances before Congress at last minute, arguing that hearings have assumed prosecutorial tone; his silence before Congress is seen as remarkable turnabout for corporate executive, who recently was highly courted figure in Washington; he now faces multitude of investigations by Congress, Justice Department and Securities and Exchange Commission; William C Powers Jr, chairman of special committee on Enron's board that issued report critical of company, and SEC chairman Harvey Pitt testify before House Financial Services Committee; Powers says investigation uncovered 'systematic and pervasive' attempt by Enron's management to misrepresent company's financial condition; says there were failures on many levels by many people; Lay severs final links with company by resigning from board; photos (M)

National Desk1182 words

ELECTRICITY CRISIS EASES IN NEW YORK

By Kirk Johnson

Electricity experts say New York City, which faced looming power crisis in summer 2001, now has all energy it needs through at least middle of 2003 and beyond; cite September 11 terrorist attacks, which removed about 100 megawatts of power demand and recession which has stripped tens of thousands of jobs since then and reduced pressure on system; supply side of electricity equation has also fundamentally changed; collapse of Enron and prospect of energy glut in many parts of country has frightened investors who were once eager to pour money into power plant projects; of 22,000 new megawatts proposed for New York State, almost two-thirds are now considered unlikely to be brought on line; graph (M)

Metropolitan Desk1594 words

Ernst & Young Latest Auditor Moving to Alter Some Practices

By Jonathan D. Glater

Ernst & Young says it will stop selling information technology services to companies it audits and will no longer serve as internal accountant and external auditor at same company; move, in line with moves by other top accounting firms, leaves Deloitte & Touche as only Big Five firm standing by practice of providing consulting services to companies it audits; Ernst & Young chief executive James S Turley holds big firms must adopt clear stands on which services auditors can provide to clients; calls for independent disciplinary organization (M)

Business/Financial Desk797 words

In Albany, School Boards Lose Backing

By Abby Goodnough

Black and Hispanic members of New York State Assembly say local school boards have failed minority communities and are calling for less political system in which parents play leading role; they are also seeking changes to central Board of Education, though most do not support Mayor Michael Bloomberg's plan to eliminate board (M)

Metropolitan Desk1058 words