On this day

August 16, 2002

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

Historical Context for August 16, 2002

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

Notable Deaths

Abu Nidal

2002Abu Nidal, Palestinian terrorist leader (born 1937)[†]

Sabri Khalil al-Banna, known by his nom de guerre Abu Nidal, was a Palestinian militant. He was the founder of Fatah: The Revolutionary Council, a militant Palestinian splinter group more commonly known as the Abu Nidal Organization (ANO). Abu Nidal formed the ANO in October 1974 after splitting from Yasser Arafat's Fatah faction within the Palestine Liberation Organization (PLO).

Jeff Corey

2002Jeff Corey, American actor (born 1914)[†]

Jeff Corey was an American stage and screen actor. He was blacklisted in the 1950s and became an acting coach for a period, before returning to film and television work in the 1960s. Today's audiences may know him best for his appearances in the feature films Frankenstein Meets the Wolf Man (1943) and Superman and the Mole Men (1951), and for his many guest appearances in television series.

John Roseboro

2002John Roseboro, American baseball player and coach (born 1933)[†]

John Junior Roseboro was an American professional baseball player and coach. He played as a catcher in Major League Baseball from 1957 until 1970, most prominently as a member of the Los Angeles Dodgers. A four-time All-Star player, Roseboro is considered one of the best defensive catchers of the 1960s, winning two Gold Glove Awards. He was the Dodgers' starting catcher in four World Series with the Dodgers winning three of those.

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Headlines from August 16, 2002

World Business Briefing | Asia: India: Soda Ads Deface Mountain

By Saritha Rai (NYT)

Local units of Coca-Cola and PepsiCo are in trouble with Indian government after they covered mountainside in Himalayas with competing soft drink ads; India's Solicitor General Harish Salve says cleaning away signs with chemicals might compound environmental damage done by painting them; begins court proceedings against companies and calls for investigation by government research institute (S)

Business/Financial Desk102 words

U.S. in Criminal Inquiry on Metabolife Product

By Philip J. Hilts

Justice Department is conducting criminal investigation into Metabolife International, leading manufacturer of herbal stimulant ephedra, to determine whether executives lied about what thty knew about safety of substance; Food and Drug Administration Deputy Comr Lester M Crawford says agency has asked Justice Department to pursue investigation because after years of seeking company reports on consumer complaints Metabolife has repeatedly refused to cooperate with FDA; in 1998, Michael Ellis, president of company at time, said in statement to FDA that company never received one notice from consumer that any serious adverse health event has occurred because of ingestion of Metabolife 356; company spokeswoman Jan Strode says Ellis has not made any false statements to FDA; Metabolife says it will release its record of consumer complaints; contends it has about 13,000 complaints, including some dated before Ellis's statement; about 80 mentioned serious injury or death, and 100 to 200 involved hospitalization (M)

Business/Financial Desk744 words

TOP REPUBLICANS BREAK WITH BUSH ON IRAQ STRATEGY

By Todd S. Purdum and Patrick E. Tyler

Leading Republicans from Congress, State Dept and past administrations are breaking ranks with Pres Bush over his administration's high-profile planning for war with Iraq, saying administration has neither adequately prepared for military action nor made case that it is needed; say they favor eventual removal of Saddam Hussein, but that Bush is proceeding in way that risks alienating allies, creating greater instability in Middle East, and harming America's long-term interests; say administration has not shown that Iraq poses urgent threat to US; Brent Scowcroft, first Pres Bush's national security adviser, who helped build broad international coalition against Iraq in Persian Gulf War, writes opinion article in Wall Street Journal warning that attack on Iraq at this time would jeopardize, if not destroy, global counter-terrorist campaign; says attack might provoke Iraq to use chemicial or biological weapons in effort to trigger war between Israel and Arab world; Henry A Kissinger, in opinion article in Washington Post, makes long and complex argument about international complications of any military campaign; Sen Chuck Hagel, Republican who was among earliest voices to question Bush's approach to Iraq, claims CIA has 'absolutely no evidence' that Iraq possesses or will soon possess nuclear weapons (M)

Foreign Desk1256 words

Stock Slide Adds to Fear On Liquidity Of Vivendi

By John Tagliabue

Investors dump Vivendi Universal stock, apparently unconvinced by announcement that management will try to ease severe cash squeeze by shedding assets in $9.8 billion sell-off; shares fall 11 percent in European trading; American depository receipts lose 7.4 percent, closing at $10.80; Credit Suisse First Boston spokesman Michael Picken estimates Vivendi's short-term liquidity requirements through next March will total 5.6 billion euros, or $5.4 billion (M)

Business/Financial Desk648 words

Dell Profits Are Up 11% For Quarter

By John Schwartz

Dell Computer Corp says second-quarter profits improved and product shipments increased at time when other computer makers are suffering; product shipments rose 18 percent worldwide in quarter ended Aug 2, while overall industry volume declined 4 percent; sales of powerful servers and workstations increased 20 percent; revenue was $8.5 billion, up 11 percent from quarter year ago; net income was $501 million; chairman-chief executive Michael S Dell comments; photos (M)

Business/Financial Desk639 words

Through Hot Pink Glasses, a World That's Nice

By Ben Brantley

Ben Brantley reviews musical Hairspray, book by Mark O'Donnell and Thomas Meehan, music by Marc Shaiman and lyrics by Scott Wittman and Shaiman, directed by Jack O'Brien; Marissa Jaret Winokur and Harvey Fierstein star; photos (M)

Movies, Performing Arts/Weekend Desk1719 words

After the Bubble: Are Low Rates Enough?

By Floyd Norris

Floyd Norris column on whether Federal Reserve chairman Alan Greenspan was right to ignore stock market bubble in 1999; says Greenspan could have used his bully pulpit to warn of overinvestment in certain areas of economy and could have raised margin requirements to make it more expensive to gamble on stock prices; says lower interest rates cannot prompt capital investment, where demand does not exist; suggests making additional tax cuts this year while repealing cuts scheduled for later years to stimulate economy; photo (M)

Business/Financial Desk619 words

NASD Suspends 2 Executives Of First Boston

By Patrick McGeehan

NASD, main self-regulatory organization of Wall Street firms, will fine and suspend two senior executives of Credit Suisse First Boston who directed firm's collection of millions of dollars in inflated commissions from buyers of shares in sought-after new stock offerings; announces fines and 60-day suspensions for Anthony Ehinger, First Boston's global chief of stock sales, and George W Coleman, another managing director in stock sales operation; each agree to pay $200,000 fine without admitting or denying guilt; punishments are first imposed against Wall Street executives for abuses of process of allocating shares of initial public offerings in late 1990's; NASD says John Schmidt, Michael Grunwald, Scott Bushley and Scott Brown, former employees of First Boston's brokerage operation in San Francisco, are also suspended from industry, for one year each, and fined $36,000 each; NASD contends Ehinger and Coleman created system to track performance of new stocks bought by mutual funds, hedge funds and other institutional clients; they and people they supervised then pressed those clients to kick back some of their gains in form of higher commissions on other trades executed by First Boston (M)

Business/Financial Desk560 words

INSIDE

By Unknown Author

Rumsfeld on Afghan Aid Defense Secretary Donald H. Rumsfeld, blaming other nations, expressed frustration that only a third of the money pledged to Afghanistan for this year has been sent. PAGE A11

Metropolitan Desk68 words