On this day

May 5, 2002

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

Historical Context for May 5, 2002

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

Notable Deaths

Hugo Banzer

2002Hugo Banzer, Bolivian general and politician, 62nd President of Bolivia (born 1926)[†]

Hugo Banzer Suárez was a Bolivian politician and military officer who served as the 51st president of Bolivia. He held the Bolivian presidency twice: from 1971 to 1978 as a military dictator; and then again from 1997 to 2001, as a democratically elected president.

2002Paul Wilbur Klipsch, American engineer, founded Klipsch Audio Technologies (born 1904)[†]

Paul Wilbur Klipsch was an American engineer and high fidelity audio pioneer, known for developing a high-efficiency folded horn loudspeaker. Unsatisfied with the sound quality of phonographs and early speaker systems, Klipsch used scientific principles to develop a corner horn speaker that sounded more lifelike than its predecessors.

George Sidney

2002George Sidney, American director and producer (born 1916)[†]

George Sidney was an American film director and producer who worked primarily at Metro-Goldwyn-Mayer. His work includes cult classics Bye Bye Birdie (1963) and Viva Las Vegas (1964). With an extensive background in acting, stage direction, film editing, and music, Sidney created many of post-war Hollywood's big budget musicals, such as Annie Get Your Gun (1950), Show Boat (1951), Kiss Me Kate (1953), Jupiter's Darling (1955), and Pal Joey (1957). He was also a president of the Screen Directors Guild for 16 years.

Louis C. Wyman

2002Louis C. Wyman, American lawyer and politician (born 1917)[†]

Louis Crosby Wyman was an American politician and lawyer. He was a United States representative and a U.S. senator from New Hampshire. He was a member of the Republican Party.

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Headlines from May 5, 2002

When Expansion Leads to Inner Space

By David W. Dunlap

Some of New York City's famous institutions that need space are expanding within and below their buildings; such is path being taken by South Court building of New York Public Library, which fills southern courtyard at Fifth Avenue and 40th Street, middle school of Packer Collegiate Institute, entirely new structure that will rise within nave of Victorian Gothic church in Brookly Heights, and Judy and Arthur Zankel Hall, carved from bedrock under main auditorium of Carnegie Hall; projects detailed; photos (M)

Real Estate Desk1635 words

Harry Potter and the Quest For the Unfinished Volume

By David D. Kirkpatrick

British author J K Rowling is late in completing fifth book in popular Harry Potter series, Harry Potter and the Order of the Phoenix, disappointing legions of young fans; turned out four books at rate of one each year through July 2000; says writing it is proving more involved than she initially expected; Scholastic, US publisher, says it expects to publish book before June 2003 (M)

Business/Financial Desk1502 words

Inflation Is Rising, but Don't Lose Sleep

By Leslie Eaton

Leslie Eaton article on reasons economists continue to focus on inflation threat at time of low inflation; discusses recent uptick in inflation in New York City metropolitan area; local rate was 2.5 percent in 12 months ending in Mar, compared with national rate of 1.5 percent; graph (M)

Job Market777 words

The Gladiator Within

By Liz Robbins

New Jersey Nets player Keith Van Horn plays aggressively in crucial Game 5 of playoff series against Indiana Pacers; his 27 points help Nets to win game and series; photos (M)

Sports Desk1054 words

The World: Long Division; In the Land of Crisis, an Odd Kind of Politics

By Serge Schmemann

Prime Min Ariel Sharon of Israel will travel to Washington to unveil new Israeli peace plan which will surely be rejected by his own Likud party; that his own party would challenge him at time of crisis is political reality in which he toils; he has been no more immune to fractious politics of his land than any prime minister before him; he was voted into office with unusual degree of consensus and has high approval ratings now, but popular support for tough measures now does not translate into support for Jewish settlements, or for hard-line proposals in final peace agreement; one analyst claims Israeli public is prepared to strike a deal, to remove settlements even without peace agreement; photo; map (M)

Week in Review Desk1249 words

Meg Whitman and eBay, Net Survivors

By Saul Hansell

Success of eBay Internet auction business and its chief executive Meg Whitman stands out amid crash of firms and their flamboyant technologists and visionaries that upstaged eBay during Internet boom; she provided disciplined management, steering clear of many seemingly lucrative opportunities to keep eBay focused on nurturing its trading community and expanding its ranks and scope of goods it deals in; graphs of gains in users, merchandise sold and net income; photos (M)

Money and Business/Financial Desk2545 words

INSIDE

By Unknown Author

Jail Fire Kills 8 Inmates Eight inmates were killed when a cramped, outmoded jail in North Carolina erupted in flames on Friday night. Smoke was so thick that rescuers were unable even to unlock their cells, the authorities said. PAGE 33 Doctors Under Pressure The personal and professional choices, and often dilemmas, facing today's doctors and patients. A special issue. MAGAZINE

Metropolitan Desk176 words

Information Sooner, Yes, But Make It Better, Too

By Gretchen Morgenson

Gretchen Morgenson column on need to improve quality of financial reporting by companies to restore investor trust in corporate American and capital markets; focuses on Jack T Ciesielski's proposal that Securities and Exchange Commission require companies to file their earnings releases and quarterly statements at same time to discourage puffery in press releases; photo (M)

Money and Business/Financial Desk551 words