| Year
| Event Description
| Class
| Action |
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US President George W. Bush nominates Republican Congressman Porter Goss to be the new director of the Central Intelligence Agency. |
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The price of US light crude oil tops $45 a barrel - touching a record 21-year high of $45.04 in New York trade. |
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US forces in Iraq launch air raids on positions held by supporters of radical Shia cleric Moqtada Sadr in Najaf. |
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U.S. Federal Reserve raises Fed Funds Rate by 0.25% to 1.50% from 1.25%. |
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In the Wilson-Plame-CIA leak Scandal, US District Judge Thomas F Hogan rules that Time Magazine's Matthew Cooper must testify "regarding alleged conversations they had with a specified executive branch official". He will be detained and Time will be fined $1,000 a day until he complies. |
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Judicial authorities in Ecuador are preparing to inspect oil wells formerly operated by Texaco as part of a slow-moving lawsuit filed by local inhabitants in the Amazon against U.S.-based ChevronTexaco Corp. (CVX). |
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Netscape, the company behind the Navigator web browser, goes public with what turned out to be the largest Initial Public Offering (IPO) in Wall Street history. |
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President Clinton signs the deficit reduction bill or Budget Reconciliation Act. It is designed to reduce the federal budget deficit by $496 Billion over 5 years. |
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The Magellan spacecraft (U.S.A.) lands on Venus. |
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The Dow Jones Industrial Average rises 48.84 points to close at 2,635.84. A few months later the bubble will burst and the DOW will fall 500 points. |
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David Berkowitz, the infamous 1970s New York City serial killer who killed six people and wounded several others, is arrested by police. |
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In a taped Oval Office conversation that would be released in December of 2003 Richard Nixon observes that "Reagan on a personal basis, is terrible. He just isn't pleasant to be around." |
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The price of the precious metal silver reaches $1.08, its highest price since 1920. |
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Discoverer 13 is launched into orbit; returned 1st object from space. |
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Workers at the Studebaker car factory in South Bend, Indiana agree to take a pay cut from $20 to $12 in order to help the company. Nevertheless, the company goes bankrupt. |
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The Dow Jones Industrial Aveage drops 14.11 points to close at 337.99. This is in response to the New York Bank's full point increase of the broker discount rate to 6%. |
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France declares war on Austria-Hungary. |
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Union troops are defeated at Wilson's Creek, Missouri. |
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Chicago incorporates as a village of about 200 . |
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August 10