On this day

October 12, 2003

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

Historical Context for October 12, 2003

In 2003, the world population was approximately 6,420,361,634 people[โ€ ]

Notable Deaths

Jim Cairns

2003Jim Cairns, Australian economist and politician, 4th Deputy Prime Minister of Australia (born 1914)[โ€ ]

James Ford Cairns was an Australian politician who was prominent in the Labor movement through the 1960s and 1970s, and was briefly Treasurer and the fourth deputy prime minister of Australia, both in the Whitlam government. He is best remembered as a leader of the movement against Australian involvement in the Vietnam War, for his affair with Junie Morosi, and for his later renunciation of conventional politics. He was also an economist, and a prolific writer on economic and social issues. Many of his books were self-published, and self-marketed at stalls he ran across Australia.

Joan Kroc

2003Joan Kroc, American philanthropist (born 1928)[โ€ ]

Joan Beverly Kroc, also known as Joni, was an American philanthropist and third wife of McDonald's CEO Ray Kroc.

Bill Shoemaker

2003Bill Shoemaker, American jockey (born 1931)[โ€ ]

William Lee Shoemaker was an American jockey, considered one of the greatest. For 29 years he held the world record for the most professional jockey victories.

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Headlines from October 12, 2003

Sir, to Whom May I Direct Your Free Call?

By Nicholas Thompson

Kazaa founders Niklas Zennstrom and Janus Friis have reunited with same team of Estonia programmers who wrote code for Kazaa file-sharing application to create way to let people make high-quality phone calls over Internet at no charge; their new company, Skype, has released free, preliminary version of program; Zennstrom says they hope to make Skype global phone company; Skype allows free calls between any two users who have downloaded software; uses protocol that essentially turns computers into phones; same protocol is driving number of small phone companies and is being integrated into systems of traditional phone companies; photos (M)

Money and Business/Financial Desk1726 words

STATES AND CITIES RISK BIGGER LOSSES TO FUND PENSIONS

By Mary Williams Walsh

Many state and local governments, facing ballooning pension promises to public employees, are selling bonds to cover shortfall, leaving taxpayers liable for even more debt than caused by recent investment losses; almost all pension funds have suffered sizable losses over last three years and government funds, unlike corporate plans, are not required to maintain funding levels; pension bonds this year will account for nearly five percent of all new municipal bonds, up from less than one percent in each of last five years; recent and planned sales noted; map; graphs (M)

National Desk1519 words

For Mighty Gillette, These Are the Faces of War

By Claudia H. Deutsch

New product from Schick-Wilkinson Sword poses first-ever credible threat to Gillette's dominance of high-margin razor system business; Gillette researchers are working to develop improved product they say will render all other nondisposable razors with disposable blades obsolete, while companies battle in and out of court over Schick razor; Gillette president Edward F DeGraan says Gillette's manufacturing technology gives it competitive edge; Schick president Joseph E Lynch says Schick's equipment and processes are equally world class; photos (M)

Money and Business/Financial Desk2207 words

What Price Music?

By Amy Harmon

Huge catalogues of music will soon be available for sale on Internet as record companies, suffering from slow sales, note success of Apple's ITunes; price war is expected; photos (L)

Arts and Leisure Desk2456 words

Tommy Pygmalion Has a New Project

By Ruth La Ferla

Article on pop music impresario Tommy Mottola, whose latest project is to transform his wife, Mexican-born Latina pop idol Thalia Sodi, into household name in US; photos (M)

Style Desk1874 words

Biting the Silver Spoon That Feeds Him, on Film

By Julia Chaplin

Article on Jamie Johnson, 23, heir to Johnson & Johnson pharmaceutical fortune, who says he has gone from being considered eligible bachelor to outcast because of his tell-all documentary, Born Rich; film will be shown at Hamptons Film Festival and broadcast on HBO in October; photos (M)

Style Desk1589 words

Red Sox Say 2 Yankees Beat Fenway Worker

By Bill Finley

Boston Red Sox management is accusing New York Yankees players Jeff Nelson and Karim Garcia of assaulting Boston grounds crew worker Paul Williams in Yankee dugout during American League Championship series Game 3 (M)

Sports Desk847 words

Spitzer Casting A Very Wide Net

By Diana B. Henriques

New York Atty Gen Eliot Spitzer discusses his probe of mutual fund industry abuses, interview; cites abuses involving mutual fund intermediaries, retirement plan administrators, brokers, financial advisers, trust companies, banks and consultants that link fund industry to customers; graph of mutual fund purchases by method; photos (M)

Money and Business/Financial Desk2304 words