On this day

December 31, 2002

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

Historical Context for December 31, 2002

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

Notable Births

Ryan Flamingo

2002Ryan Flamingo, Dutch footballer[†]

Ryan Flamingo is a Dutch professional footballer who plays as a central defender for Eredivisie club PSV Eindhoven.

2002Joe Scally, American soccer player[†]

Joseph Michael Scally is an American professional soccer player who plays as a full-back for Bundesliga club Borussia Mönchengladbach and the United States national team.

Notable Deaths

2002Kevin MacMichael, Canadian guitarist, songwriter, and producer (born 1951)[†]

Kevin Scott Macmichael was a Canadian guitarist, songwriter and record producer, best known for being a member of the 1980s UK-based pop-rock band, Cutting Crew, who had a number-one hit in 1986 with "(I Just) Died in Your Arms". Cutting Crew was nominated for a Grammy Award for Best New Artist in 1988.

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Headlines from December 31, 2002

The Case for Drinking (All Together Now: In Moderation!)

By Abigail Zuger

Article on controversy, which is abating, over health benefits of moderate drinking; many experts are convinced that drink or two a day of wine, beer or liquor could prevent heart attack, strokes and dementia in some adults; question remains whether any one form of alcohol is better than others; American Heart Assn and other organizations, however, do not suggest that teetotalers begin drinking; photos (M)

Science Desk1924 words

BUSINESS DIGEST

By Unknown Author

Tyco Admits to Gimmickry In Inflating Its Earnings Tyco International engaged for years in financial gimmickry to inflate its earnings, the company acknowledged for the first time, saying that it would erase $382 million in profits it had previously claimed. Tyco said that an investigation had uncovered a corporate culture that encouraged managers to use accounting techniques to mislead investors. Until now, Tyco had contended that financial abuses were not widespread and that most of the abuses were related to the criminal charges that its former chief executive, L. Dennis Kozlowski, had looted the company of more than $600 million. [Page A1.]

Business/Financial Desk585 words

Sports of The Times; Subway Bowl Definitely A Can-Do

By Dave Anderson

Dave Anderson Sports of The Times column contends that both New York Giants and New York Jets, which are preparing for playoff games, could make it to Super Bowl because of this season's lack of clear favorite and both teams' demonstrated hunger over past few games; photo (M)

Sports Desk738 words

World Business Briefing | Americas: Brazil: Mine Stake Sold

By Wayne Arnold (NYT)

Australian mining conglomerate BHP Billiton says Sweet River Investments, of which it owns some two-thirds, is exercising option to sell its 11.56 percent stake in Valepar, which owns 27 percent of Companhia Vale do Rio Doce, world's largest producer of iron ore, to Companhia Siderurgica Nacional; will get $343 million from sale (S)

Business/Financial Desk153 words

3 U.S. Citizens Slain in Yemen In Rifle Attack

By Neil MacFarquhar

Yemeni officials report three Americans killed at Baptist missionary hospital in central Yemen by man apparently belonging to small cell that plans to victimize both Westerners and secular Yemenis; fourth American is seriously wounded in attack; assailant, identified as Abed Abdul-Razak al-Kamil, sneaks semiautomatic rifle into hospital under his coat; Kamil surrenders to authorities and is arrested; this is latest in series of Islamic militant attacks against easily accessible American targets in region; officials in Washington say it is too early to know whether Kamil acted alone or is linked with Al Qaeda, whose leader Osama bin Laden has family origins in Yemen; guns are so common in Yemen that missionary hospital where attack occurred, in Jibla, has desk where visitors are supposed to check them; assailant easily evades site and bursts into room where staff meeting was taking place; those killed are hospital director William E Koehn, Dr Martha C Kyers and purchasing agent Kathleen A Gariety; pharmacist Donald W Caswell is shot but not killed; Kamil tells investigators he listened to speeches of Ali Mohammed Jarallah, member of Islamic Reform Party, who is being questioned by Yemeni authorities in connection with recent assassination of Socialist Party's deputy leader; Islamic militants are said to be resentful that missionary workers preach Christianity; photos; map (L)

Foreign Desk1070 words

$4 Billion Debt Relief Plan Approved by Hynix Creditors

By Don Kirk

Creditors led by government-controlled Korea Exchange Bank approve $4 billion debt-relief plan to keep Hynix Semiconductor, troubled South Korean chip maker, alive; plan provides no added funds for research and development needed to keep up in fast-evolving field (M)

Business/Financial Desk455 words

Before Seeing The Ball Drop, Go Figure

By Clyde Haberman

Clyde Haberman ponders large issues on New Year's Eve; revisits question of whether new millennium began on Jan 1, 2000, or Jan 1, 2001; wonders what first decade of new century should be called and suggests the Oh-Ohs, which would fill dual purpose of naming and defining last two years (M)

Metropolitan Desk805 words