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Date Posted: 23:32:36 01/19/04 Mon
I was born on February 2, 1986, in Jalisco, Mexico. A very unique day for me and others in the Catholic religion which celebrates the fest of the Virgin of La Candelaria and the very day an uncle of my mother passed away, coincidentally, 12 hours before I was born and was deeply devoted to the Virgin of La Candelaria.
February 2, 1986
College Receives Grants
UCLA Awarded Grant for Plant Gene Study
The Los Angeles Times reported that UCLA was awarded a $750,000 grant from the McKnight Foundation to establish an onoing training program in the field of plant genes. J. Philip Thornber, chairman of the university's department of biology at the time,
said that the grant will enable UCLA to compete for the best plant molecular biology students in the world. McKnight is a foundation that supported human services, the arts, education and scientific research.
February 2, 1987
1987 Market Has a Tough Act to Follow
Dow Hit 30 Record Highs; Winners Led Losers 2 to 1 on NYSE
An article in The Los Angeles Times reported that Wall Street made an excellent performance in 1986, prolonging the market's life for a fourth straight year since 1982. But experts said it may be harder for stocks to retain their boom that year. Encouraged by lower interest rates and low inflation, Wall Street earnings were far higher than most analysts had expected as stocks generally outshone bonds, precious metals, housing and many other investments. From the success of the stock market during the early 80’s to recent years there are notable differences, whether it is the set backs because of recession or wars.
February 2, 1988
China, U.S. Sign Pact Holding Import Rate for Textiles to 3%
China and the United States signed a four-year agreement that limited to 3% the annual growth rate for China's textile exports to the United States. China, a qualified beginner to the textile export industry, became America's largest supplier of textiles and clothing in terms of volume. Chinese exports to the United States were estimated to be worth at least $2 billion annually. China has exported with the United States and has remained one of the most important trade partners to this day.
February 2, 1989
Housing Sales Edge Up; Strong Economy Credited
The Los Angeles Times reported that despite an upward trend in mortgage rates, sales of new single-family houses edged up nearly 1% in 1988 to 677,000 units, according to the Commerce Department. Economists, noted that the housing market is usually highly
sensitive to interest rate changes, attributed the increase to the strong U.S. economy, which created 3.7 million jobs and boosted personal income 7.5% last year. Now, thirteen year’s later, the situation is different, 10’s of thousands are losing there jobs and investors see a dull future in the economy.
February 2, 1990
Bank of Boston Splits Realty Unit
On my fourth birthday, The Bank of Boston Corp, battered by big losses in the region's drooping real estate market, announced a major reorganization that would eliminate its real estate group as one of five independent line businesses. Instead, the region's biggest banking company said its commercial and residential mortgage real estate activities would have been split and become part of the other existing units. Also, the company's New England group, which includes the five banks it owns in that region at the time, would reorganize along functional lines. The economy now has now been tried to be increase by having low interest rates in 30 years.
February 2, 1991
No Panic on Drought, Wilson Says
Water: Governor names special task force to examine 'all the options I can take.' He declines to use emergency powers to direct allocations.
Twelve years ago, California faced a near drought; counseling against panic, Gov. Pete Wilson moved to take a more active role in managing the California drought but declined to activate his emergency powers as long as there is enough water for health and safety. Instead, the governor named a special drought task force and directing it to report to him by Feb. 15 on all the options he can take, including the declaration of a drought emergency. Los Angeles has always had this problem since it was founded and became a rivalry between northern and southern California because of the scarce water supply.
February 2, 1992
Yes, the Nation Is Almost Broke; No, It Is Not Poor
After thinking that the U.S. and California had never had more difficult times with the budget crisis, 11 years ago the same problem was happening. The Bush Administration's budget proposals seemed one of growing debt and weakness, a $399-billion federal deficit that year and a projected $352-billion deficit for fiscal 1993, which began that year on October 1. The national debt was now at $2.7 trillion, equal to half the nation's annual output of goods and services, and rising much faster than the gross national product. The United States was last so deep in debt in the years after World War II, when the cost of waging and winning that war had raised the national debt to 117% of GNP. My observation of this is that problems like this are seen more from both of the Bush’s,
Like the old saying would say, “like father, like son.”
February 2, 1993
In a bid to play catch-up, EC nations are keeping a tight lid on Japanese car volume.
The U.S. and European car makers have a common enemy that goes by various names: Nissan, Toyota and Honda, to name the biggest. And Europe, imitating the United States, is blocking the competition on the borders. In the United States, General Motors, Ford and Chrysler were considering whether to formally charge Japanese car makers, and European ones too, with dumping their cars at below cost in an unfair effort to build market share. Such charges, if supported by the Clinton Administration, could lead to higher duties on Japanese imports.
February 2, 1994
EARTHQUAKE: THE LONG ROAD BACK
Seismic Safety Bill Loses Supporter
Education: Chancellor says state's community colleges will not try to keep alive measure to relax standards. Quake caused $35 million in damage.
The Los Angeles Times reported that among the estimates that Southern California community colleges suffered at least $35 million in damage in the Northridge earthquake on January 12 of that same year, the head of the college system said that it will stop pushing state legislation to relax seismic safety standards for its buildings. More community colleges reported damages and improved there safety system.
February 2, 1995
Teachers Urged to Be Defenders of Bilingualism
Education: Speaker at state conference says challenges await proponents of multiculturalism in the wake of Prop. 187.
Ruben Martinez, the keynote speaker at a statewide conference of bilingual teachers urged thousands of educators to fight new movements produced by Proposition 187 that seek to end bilingual and multicultural instruction. An estimated 6,000 bilingual teachers attended a four-day conference were encouraged to mail form letters to their state legislators opposing such measures. A workshop trained teachers how to argue more effectively for bilingual education and answer questions about Proposition 187. With a growing number of Spanish speaking students, the state government had to do something about it. Proposition 187, wanted reforms on the immigration system in California, which I considered unfair and racist.
February 2, 1996
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