Clinton Authorizes Loan To Mexico

On this day in 1995, President Bill Clinton authorizes a $20 billion loan to Mexico. As the value of the peso hit an all-time low, Clinton sidestepped Congress’ rejection of an earlier $50 billion loan proposal and exercised his executive power. Claiming that he was acting in the national interest […]

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Near Launching Of Russian Nukes

Russia’s early-warning defense radar detects an unexpected missile launch near Norway, and Russian military command estimates the missile to be only minutes from impact on Moscow. Moments later, Russian President Boris Yeltsin, his defense minister, and his chief of staff were informed of the missile launch. The nuclear command systems […]

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Avalanches Bury Buses In Kashmir

Avalanches sweep two buses off the highway between Srinagar and Jammu in Kashmir, India, on this day in 1995. Two more days of avalanches in the area eventually killed more than 200 people; 5,000 others had to be rescued. January 1995 produced unusually heavy snow in the Kashmir region, an […]

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Malcolm X’s Daughter Arrested

Qubilah Shabazz, the daughter of Malcolm X, is arrested for conspiring to kill Louis Farrakhan. Shabazz believed that Farrakhan was responsible for the assassination of her father in 1965, and sought to exact revenge through a hired killer. Subsequently, Shabazz admitted her “responsibility,” but not her guilt of the charges, […]

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104th Congress Under Republican Control

The 104th Congress becomes the first held entirely under Republican control since the Eisenhower era. Thanks to Newt Gingrich and his “Contract with America,” the Republican Party won majority control of congress for the time in forty years.

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