Wednesday, August 09, 2006

Lets Do 1994 Again!

  • Gotta love this headline, "Will Fed manage 'soft landing' again?" What part of "again" am I missing?  You mean the last rate hike cycle from 1999-2000?  THAT "soft landing?"   We have to go back a ways for the last soft landing.  In practice, the Fed has effectively engineered only one other "soft landing" in history - in 1994 and 1995, under the chairmanship of Alan Greenspan.   
  • You remember 1994, right?  Wiki does.  In addition to the soft landing, a bunch of other stuff happened...
  • Nancy Kerrigan is clubbed on the right leg by an assailant under orders from figure skating rival Tonya Harding's ex-husband.  You'll remember the winter olympics in Lillehammer, Norway. 
  • In Feb '04, Muslim mortar shell kills 68 civilians and wounds about 200 in a Sarajevo marketplace.   Gee, terrorism way back then, too?  (And here I was led to believe it all started once Bush took office.) 
  • In March, Nirvana plays its final show in Munich.  Kurt Cobain found dead in April.
  • Film director Steven Spielberg's film Schindler's List wins seven Oscars, including Best Picture at the 66th Academy Awards.   (C'mon, Jerry.  Don't tell me you made out during Schindler's List???)
  • The Channel Tunnel, which took 15,000 workers over seven years to complete, opens between England and France. Passengers can now travel between the two countries in 35 minutes.
  • In June, Nicole Brown Simpson and Ronald Goldman are murdered outside her home in Los Angeles, California.  And just 5 days later, NFL star O.J. Simpson and his friend Al Cowlings flee from police in his white Ford Bronco. The low speed chase, which unfolds live on television, ends up at Simpson's mansion in Brentwood, Los Angeles, California, where he then surrendered to police.
  • Movies...  Forrest Gump, The Lion King, True Lies, The Santa Clause, Dumb and Dumber, Clear and Present Danger, Speed, The Mask, and Pulp Fiction.
  • Weezer releases their debut album...
  • Interesting with today's events in the Middle East, that in July 1994,  Israel and Jordan sign the Israel-Jordan Treaty of Peace, which formally ends the state of war that has existed between the nations since 1948.
  • August 12th was the day I started to lose interest in baseball, as Major League Baseball players go on strike, canceling the World Series.
  • The long-running American sitcom Friends premieres on NBC in September, eventually becoming part of NBC's Must See TV comedy blocks on Thursdays.
  • On November 4th, San Francisco: First conference devoted entirely to the subject of the commercial potential of the World Wide Web. Featured speakers include Marc Andreessen of Netscape, Mark Graham of Pandora Systems, and Ken McCarthy of E-Media.   In December, Netscape releases version 1.0 of their Navigator browser!
  • November was a good month for the GOP, as Georgia Representative Newt Gingrich leads the United States Republican Party in taking control of both the House of Representatives and the Senate in midterm congressional elections, the first time in 40 years the Republicans secured control of both houses of U.S. Congress. George W. Bush is elected Governor of Texas.
  • Deaths include Telly Savalas, John Candy, Kurt Cobain, Richard Nixon, Burt Lancaster.
  • Arkansas beat Duke 76-72 in the NCAA finals.  Rockets beat the Knicks 4-3 in the NBA Finals.  George Foreman is champ again at 45 after beating Michael Moorer.  Miguel Indurain wins the Tour de France.   Cowboys beat the Bills 30-13 (4th straight loss!) in the Super Bowl.  
  • More than all that at Wiki...

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