The August 12, 1992 was a Wednesday under the star sign of ♌. It was the 224 day of the year. President of the United States was George Bush.
If you were born on this day, you are 33 years old. Your last birthday was on the Tuesday, August 12, 2025, 42 days ago. Your next birthday is on Wednesday, August 12, 2026, in 322 days. You have lived for 12,095 days, or about 290,295 hours, or about 17,417,726 minutes, or about 1,045,063,560 seconds.
12th of August 1992 News
News as it appeared on the front page of the New York Times on August 12, 1992
Quayle Rails Against Media 'Sleaze'
Date: 13 August 1992
Vice President Dan Quayle sharply criticized the news media today for repeating unsubstantiated accusations about President Bush's private life, saying that bad journalism in America had overwhelmed good journalism. "When you start talking about sleaze, I think some in the media ought to look in the mirror," Mr. Quayle said. "Now what's the motivation in this? I can't think of any other motivating factor other than that you want to hurt the President and help Bill Clinton."
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Chattanooga Times Publisher in New Post
Date: 12 August 1992
By Thomas J. Lueck
Thomas Lueck
Ruth S. Holmberg, publisher of The Chattanooga Times since 1964 and one of the nation's most prominent newspaper women, relinquished her job as publisher yesterday to assume the new position of chairwoman of the Tennessee newspaper. Paul Neely, the editor and deputy publisher, was appointed publisher.
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7 Black Hospitals Struggle to Find A Modern Role
Date: 12 August 1992
By Maria Odum
Maria Odum
Not long after the turn of the century, the nation had about 200 hospitals built primarily to serve blacks. For black health-care professionals, they were meccas. For black patients, they were welcome alternatives to being treated in neglected corners of segregated hospitals. Today, long after the tight fist of lawful segregation loosened its grip, only seven historically black hospitals remain, and health-care experts say some of them have only a faint pulse. While historically black colleges, newspapers and other businesses found their niches in the post-segregation era, black hospitals seem to have had trouble redefining their role.
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Strange New Pals in the K.G.B.
Date: 13 August 1992
Many Americans grimly recall the fearful 1950's when the mere allegation of Communist sympathies could destroy careers and reputations. Nobody was immune from suspicion, and it made no difference that accusers were frequently anonymous -- and mistaken. Now, though the Soviet threat has evaporated, the search for Red spies has revived -- with former K.G.B. agents serving as trusted sources for judgments about the probity of deceased Americans.
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Kohlberg Buys Stake
Date: 13 August 1992
By Bloomberg News
Bloomberg News
Kohlberg & Company, the investment firm run by the buyout specialist Jerome Kohlberg, has bought a 52 percent stake in the Northwestern Steel and Wire Company for about $35 million. The transaction marks a financial restructuring for 113-year-old Northwestern, a closely held maker of steel products.
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UNITS OF VOLVO AND G.E. TO FORM FINANCING JOINT VENTURE
Date: 12 August 1992
By Bloomberg News
Bloomberg News
Volvo A.B.'s North American importing unit and the General Electric Company's finance subsidiary said yesterday that they plan a joint venture to provide financial services to Volvo customers and dealers in the United States and Canada. The Swedish auto maker's North American unit will merge its Volvo Finance North America subsidiary into the venture. A spokesman said the venture would allow Volvo to free assets invested in the finance unit. The new company will offer the same services as Volvo's North American unit, including commercial and real estate loans for Volvo dealers as well as retail loans for buyers of Volvos.
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TW SIGNS PACT TO SELL 47.2% STAKE TO KOHLBERG,KRAVIS
Date: 12 August 1992
By Bloomberg News
Bloomberg News
TW Holdings Inc., which operates more than 2,000 Denny's, Hardee's, Quincy's and El Pollo Loco restaurants, agreed to sell a 47.2 percent interest to a company controlled by Kohlberg, Kravis, Roberts & Company for $300 million. The accord caps six weeks of negotiations between Kohlberg, Kravis, the New York-based leveraged buyout specialists, and TW Holdings. The transaction is part of a plan to refinance $856 million of bonds sold by TW Holdings' primary subsidiary, TW Services Inc., which have interest coupons as high as 17%. Michael Mueller, a Montgomery Securities analyst, said that before this accord, TW's executives spent a "significant and disproportionate" amount of effort on finances instead of operations. TW Holdings' interest payments will decline to about $240 million a year from about $280 million, a TW spokesman said.
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Greek Liquor Venture
Date: 12 August 1992
By Bloomberg News
Bloomberg News
Guinness P.L.C. said today that its United Distillers subsidiary had formed a joint sales and marketing company in Greece with John Boutari & Sons, Greece's leading wine supplier. Each will hold 50 percent of United Distillers Boutari under a 20-year agreement.
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Suspension By N.A.S.D.
Date: 13 August 1992
By Bloomberg News
Bloomberg News
The Datek Securities Corporation, an over-the-counter market maker based on Staten Island, has been suspended for 90 days by the National Association of Securities Dealers over accusations that it abused the Small Order Execution System. Sheldon Maschler, Datek's general manager, said the company laid off 50 people this morning, leaving only a skeleton staff. Before the suspension, Datek made a market in 2,000 over-the-counter stocks, he said.
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NEWS SUMMARY
Date: 13 August 1992
International A3-11 A THREE-WAY TRADE PACT The United States, Canada and Mexico announced a plan for free trade across North America, portraying it as an opportunity for greater economic growth for all three nations. The accord was greeted enthusiastically by business groups. A1 AIDES FAULT U.S. ON LOST G.I.'S Three Reagan Administration officials told a Senate panel that the Government has long known that some American prisoners of war may have been alive in Indochina when troops were withdrawn in 1973. But they expressed doubt that any remain alive in captivity. A1 Former U.S. officials deny any negligence on missing servicemen. A6 SOMALI FIGHTER ACCEPTS U.N. UNIT In a step that could increase shipments to the starving people of Somalia, a senior United Nations official there said he had won an agreement from a recalcitrant warlord for the deployment of 500 armed United Nations troops to protect the delivery of food and medicine. A1 NO SELLOUT, RUSSIAN SAYS Russia's Acting Prime Minister, Yegor Gaidar, denied in an interview that compromises with the industrial sector had undercut the country's ability to make good on promises to the International Monetary Fund. He reaffirmed targets for reining in inflation and deficit spending. A3 EVACUEES WARILY LEAVE SARAJEVO Under guarantees of safety from the Serbian forces besieging Sarajevo, five buses carrying 297 mothers and children left the Bosnian capital on the first leg of a journey to sanctuary in Slovenia and Austria. A10 Britain concedes that it deported 36 Balkan refugees. A10 JETS FOR SAUDIS, AID FOR ISRAEL In pressing the Bush Administration to sell advanced fighter jets to Saudi Arabia, lawmakers seem to believe this is the moment to strike. In an election year, many see the deal as a counterweight to the decision to grant loan guarantees to Israel. A10 LOAN PLEDGE WORRIES ARABS Palestinian leaders and some Arab countries expressed concern that the United States, by agreeing to guarantee up to $10 billion in Israeli loans, had planted itself on Israel's side in peace talks. A10 A political captive in China is thought to begin a hunger strike. A11 Italian town boasts of a rare mutation that fights heart disease. A7 Blackpool Journal: At a resort, hard times put a chill into things. A4 Japanese-Brazilians catch the eye of labor-short Japan. A5 National A16-21, B10, D19 GOOD NEWS IN TB FIGHT Scientists reported identifying the genetic trick that allows some strains of tuberculosis to become drug-resistant, a finding that opens the way for new treatments of the disease. A1 TWISTS IN 'FAMILY VALUES' News analysis: As President Bush's comments on a hypothetical family abortion decision made clear, the "family values" tack of the Republican Party is not nearly as simple as it seems. A1 A SOMBER HOUSTON FOR G.O.P. For decades, Houston reveled in its wildcatting, can-do spirit. But as the city prepares to host the Republican convention, the mood is decidely different. A1 Democrats and Republicans trade charges on values. A21 An announcement is expected on heading the Bush campaign. A20 NOW AT THE NIXON LIBRARY . . . Yorba Linda Journal: With the unveiling of a mammoth oil painting, another new Nixon is set to emerge at the former President's library in California. A16 MOVING ON MEESE Iran-contras prosecutors notified lawyers for former Attorney General Edwin Meese 3d that he is a subject of their inquiry. A16 OFFICIAL DENIES BREAKING LAW Taking the stand at his trial, Clair George, the former director of covert operations at the C.I.A., denied lying to Congress about the Iran-contra affair. A16 PANEL REBUKES A SENATOR The Senate Ethics Committee said Senate Mark Hatfield, Republican of Oregon, violated Federal law by failing to report expensive gifts he received. B10 HEPATITIS VACCINE REPORTED Researchers have used a vaccine to completely prevent the spread of hepatitis A, a often-deadly liver infection. D19 H.I.V. TESTING URGED In one year alone, routine voluntary H.I.V. testing of patients at hospitals where AIDS is relatively common could identify 11 percent of all Americans who are infected with the virus but do not know it, a Federal report said.D19 The official death toll in the Los Angeles riots was lowered. D19 A report charged widespread fraud in gasoline sales. D19 Metro Digest B1 Business Digest D1 Home Section C1-12 At home with Virginia Kelley. C1 A laid-back look that isn't easy. C1 See and be seen -- on the phone. C1 Parent & Child C12 Arts/Entertainment C15-24 Unsung Bernini show in Venice. C17 Theater: "Ali." C17 Music: "1600 Pennsylvania." C17 Music Notes C17 Obituaries D20-21 JOHN CAGE DIES John Cage, the prolific and influential composer whose Minimalist works have long been a driving force in the world of music, dance and art, died at the age of 79. A1 Richard B. Black; assisted Admiral Byrd on Antarctica. D20 LaDonne H. Schulman; geneticist who studied RNA molecule. D20 Sports B11-17 Baseball: Pirates defeat Mets. B11 Yankees beat Tigers. B11 Expos win 5th straight game. B12 Orioles sack Blue Jays again. B13 Randolph joins disabled list. B13 Boxing: Official takes the Fifth in Senate testimony. B14 Columns: On Baseball B11 Moran on Olympic baseball. B14 On Pro Football B15 Football: Exchanging calories for cash. B15 Golf: Preview of P.G.A. Championship. B11 Horse Racing: Notebook B14 Outdoors: A true (really) fish story. B17 Editorials/Op-Ed A22-23 Editorials For America's common wealth. Strange new pals in the K.G.B. How to judge South Africa. Letters David Bositis: Clinton has the black vote -- or does he? Paul A. Goble: Serbians' success echoes in Russia. Amy Wilentz: Haiti's lies.
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