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FACT BOX.(ISSUES & INSIGHTS)

Investor's Business Daily

| July 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

ON THIS DAY

In 1953, Washington reported its largest peacetime deficit: $9.4 billion.

In 1963, the U.S. postmaster inaugurated the ZIP code.

In 1988, Iraq's foreign minister publicly admitted that his country's planes dropped poison gas bombs during an attack on an Iraqi town in territory occupied by Iran. Nearly 5,000 Iraqi Kurds were killed by the mustard gas and cyanide.

In 1991, President Bush nominated federal appeals court Judge Clarence Thomas, a 43-year-old black conservative, to replace Thurgood Marshall on the Supreme Court.

In 1993, President Clinton moved to end a stalemate over protecting the spotted owl in the Northwest by slashing logging two-thirds below its 1980s peak and offering $1.2 billion in economic aid ...

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