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FACT BOX.(ISSUES & INSIGHTS)

Investor's Business Daily

| February 03, 2004 | COPYRIGHT 2004 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 1946, peacetime started to look like one big picket line, with millions of workers either on strike or threatening to. Employers hit included U.S. Steel, General Electric and General Motors.

In 1969, oil companies agreed to suspend drilling in the Santa Barbara Channel of California because of an oil slick that threatened the area's beaches.

In 1988, directors of the New York Stock Exchange voted to ban the electronic order system used for index arbitrage, a form of computerized trading that was blamed for the market's plunge in October 1987.

FAMOUS LAST WORDS

"The (U.S.) will not be a threat to us for decades -- not in 1945, but at the ...

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