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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 ...