MarketFebruary 1975
Company Profile

February 1975

The following events occurred in February 1975:

February 1, 1975 (Saturday)
• U.S. President Ford announced that the 1976 fiscal year budget would reflect a deficit of 52 billion dollars. At the time, it was "the largest peacetime deficit in the nation's history". • The Intercontinental Broadcasting Corporation was launched in the Philippines. • Born: Big Boi (Antwan Patton), American rapper with OutKast; in Savannah, Georgia ==February 2, 1975 (Sunday)==
February 2, 1975 (Sunday)
• Ethiopian troops massacred 103 civilians in the village of Woki Duba, after driving Eritrean rebels from the town. • Born: Todd Bertuzzi, Canadian NHL player noted for his 2004 attack on Steve Moore during a 2004 game; in Sudbury, Ontario ==February 3, 1975 (Monday)==
February 3, 1975 (Monday)
Eli M. Black, the 53-year-old CEO of United Brands, was driven to his office at the Pan Am Building in Manhattan, rode to the 44th floor, locked the door inside his private office, broke a window, and jumped to his death. Subsequent investigations revealed that Black had paid a $1,250,000 bribe to the Economics Minister of Honduras, Abraham Bennaton Ramos, in order to prevent that nation from placing a tax on the bananas from United Brands' farms. • Died: Umm Kulthum, 76, Egyptian actress and singer ==February 4, 1975 (Tuesday)==
February 4, 1975 (Tuesday)
• The Haicheng earthquake killed 2,041 and injured 27,538 in Haicheng, Liaoning, China. In a possible example of successful earthquake prediction, the Chinese government had issued warnings at 2:00 in the afternoon to the three million residents of the southern Liaoning province, advising them to spend the night outdoors in tents. At 7:36 pm, a 7.8 magnitude quake flattened Haicheng. • Former British Prime Minister Edward Heath stepped down as chairman of the Conservative Party after former Education Minister Margaret Thatcher outpolled him 130-119, still less than the majority 139 of 276 votes needed for anyone to become the party's leader. One week later, Thatcher would become the first woman to lead a British political party. • Born: Natalie Imbruglia, Australian actress and singer, in SydneyDied: Louis Jordan, 66, American jazz bandleader, in Los Angeles ==February 5, 1975 (Wednesday)==
February 5, 1975 (Wednesday)
• The Army of Peru suppressed a two-day strike by the Lima police department. At least 100 people died in Lima during the national emergency. • Colonel Richard Ratsimandrava was sworn in as President of the Malagasy Republic, succeeding Gabriel Ramanantsoa. He would serve for only six days before being assassinated. ==February 6, 1975 (Thursday)==
February 6, 1975 (Thursday)
• Thieves in Italy broke into the Ducal Palace art museum at Urbino, and stole the paintings La Muta by Raphael, and the masterpieces The Flagellation of Christ and Madonna di Senigallia, by Piero della Francesca, considered to be three of the ten most famous Italian paintings from the Renaissance The works were recovered, unharmed, on March 24, 1976, from a hotel room in Locarno, Switzerland. • An Australian visitor to South Africa became the first victim of a new outbreak of the Marburg virus, thought to have been eradicated eight years earlier, after being stung by an unknown arthropod near Hwange. He would die on February 19 in Johannesburg. • A crucial by-election was held in Kankesanthurai, Sri Lanka. Tamil independence advocate S. J. V. Chelvanayakam retained his seat in the National State Assembly and cited the victory as a mandate for Tamil sovereignty. • British commercial diver John Martin drowned when his diving helmet slipped off during his ascent from a surface-orientated dive in the Stavanger fjord in Norway. There was some evidence that he had experienced nitrogen narcosis. Martin's body was never recovered. • On the same day, a Dutch commercial diver reportedly disappeared while about to conduct a welding job in the North Sea at a depth of ; his body was never recovered. This death appears in the records of the British Health and Safety Executive (HSE), but not in those of the Staatstoezicht op de Mijnen (SodM) in the Netherlands. • Born: Tomoko Kawase, Japanese singer with The Brilliant Green, in KyotoDied: Sir Keith Park, 82, New Zealand born Air Chief Marshal of the Royal Air Force, nicknamed "The Defender of London" for his work during the Battle of Britain ==February 7, 1975 (Friday)==
February 7, 1975 (Friday)
• The Los Angeles Times revealed the existence of Project Azorian, the American CIA's attempt to recover the Soviet submarine K-129, which had sunk in 1968. According to the investigative report, confidential files on the operation were "believed to have been among the documents stolen by safecrackers" during a burglary of the offices of the Summa Corporation the previous June, and had been held by the thieves who demanded one million dollars to prevent their leaking. ==February 8, 1975 (Saturday)==
February 8, 1975 (Saturday)
• Nine members of the Stannary, the parliament of the Duchy of Cornwall, signed a resolution declaring Cornwall, and its 350,000 Cornishmen, independent of the United Kingdom. Bus conductor Brian Hamblet drew up the document, referring to himself as the "Lord Protector of the Stannary Parliament", after being referred to as Lord Protector of the Stannaries in a letter from the Ministry for the Environment. • Died: Robert Robinson, 88, British chemist and 1947, Nobel Prize laureate. ==February 9, 1975 (Sunday)==
February 9, 1975 (Sunday)
Soyuz 17 cosmonauts Georgi Grechko and Aleksei Gubarev returned to Earth after one month in orbit aboard the Salyut 4 space station. • A West German military transport crashed into the mountains of western Crete, killing all 42 people on board. • Born: Vladimir Guerrero, Dominican MLB outfielder, and 2004 AL MVP; in Nizao ==February 10, 1975 (Monday)==
February 10, 1975 (Monday)
• The Council of the European Community passed the Equal Pay Directive, number75/117/EEC, requiring its member states to follow "the principle of equal pay for men and women". • Isabel Perón, the President of Argentina, signed "Decree 261", giving the nation's armed forces the authority to enter the rebellious Tucumán Province and to "annihilate subversion" of "Operativo Independencia" by any necessary means. • Australian Attorney General Lionel Murphy was appointed as one of the seven judges of the High Court of Australia, where he served until his death in 1986. • Born:Hiroki Kuroda, Japanese baseball pitcher for the Hiroshima Toyo Carp and the Los Angeles Dodgers; in OsakaLee Soo-geun, South Korean stand-up comedian, in Gyeonggi ProvinceDied: Nikos Kavvadias, 65, Greek poet and writer ==February 11, 1975 (Tuesday)==
February 11, 1975 (Tuesday)
Malagazy Republic President Richard Ratsimandrava, recently inaugurated on the east African island of Madagascar, was assassinated as he was being driven through Ambohijatovo Square in Tananarive. Sworn in six days earlier, he had been returning home from a cabinet meeting when he was attacked by machine gun fire, and died of his wounds hours later. He was replaced by General Gilles Andriamahazo. • Margaret Thatcher was elected as the new leader of the United Kingdom's Conservative Party, becoming the first woman to lead a major British political party and the first female Leader of Her Majesty's Opposition. Thatcher received 146 votes of the 276 Conservative members of the House of Commons, a majority, and her closest rival, William Whitelaw, received 79. When the Conservatives formed a government in 1979, Mrs. Thatcher, a research chemist and tax lawyer, became the first female British Prime Minister. • William Tolbert, the President of Liberia, hosted John Vorster, the Prime Minister of South Africa in what was supposed to have been a secret meeting, as South Africa had been repudiated by most of the rest of the continent because of its apartheid policies. The Times of London broke the story two days later with the headline "Mr Vorster Pays Secret Visit to Liberian Leader", to the embarrassment of the Liberian government. • Mexico's President Luis Echeverría Álvarez decreed that Tiburón Island should be returned to the Seri people, who had lived there and named it Tahejöc. ==February 12, 1975 (Wednesday)==
February 12, 1975 (Wednesday)
• Voters in South Korea overwhelmingly reaffirmed the 1972 "Yushin Constitution", with 80% of the eligible voters casting ballots. Because that constitution had given the President of the Fourth Republic greater power, the vote was seen as a referendum on the popularity of President Park Chung Hee. • Born: Regla Torres, Cuban volleyball player and three time Olympic gold medalist; designated "Best Player of the 20th Century" by the Fédération Internationale de Volleyball; in HavanaDied:Carl Lutz, 79, Swiss envoy to Hungary and humanitarian who was credited with helping 62,000 Hungarian Jews to emigrate during the Holocaust • Sir Franklin Gimson, 84, British colonial administrator and former Governor of Hong Kong (1945) and Governor of Singapore (1946–52) • André Beaufre, 73, French general • Dagmar Godowsky, 77, American silent film star from 1919 to 1926; ==February 13, 1975 (Thursday)==
February 13, 1975 (Thursday)
• The Turkish Federated State of Cyprus was proclaimed by Rauf Denktaş, who had formerly been the Vice-President of the Republic of Cyprus until war divided the predominantly Greek southern half from the mostly Turkish northern part. Denktas would proclaim full independence of the area on November 12, 1983. • An intense fire broke out on the 11th floor of the North Tower of the World Trade Center shortly after midnight, then spread across six floors, from the 9th to the 14th, before being brought under control. There were no serious injuries, but 16 firemen were treated for smoke inhalation. Only fifty people, all maintenance employees, were present in the towers and were safely evacuated. New York City Councilmen Howard Golden and Stephen Kaufman, citing the need for mandatory installation of sprinkler systems, wrote in a joint statement, "Had that fire erupted during the working day, we could have had another Triangle Shirtwaist disaster." ==February 14, 1975 (Friday)==
February 14, 1975 (Friday)
• The highest scoring professional basketball game, up to that time, took place in San Diego as the San Diego Conquistadors beat the New York Nets, 176-166, in an American Basketball Association contest. The "Qs" tied the Nets, 129-129, when Travis Grant scored at the buzzer. With seven seconds left in overtime, Julius "Dr. J" Erving of the Nets tied the game again, 144-144. Bill Melchionni of the Nets tied the score 152-152 with 22 seconds left in the second overtime, and the Nets' Brian Taylor closed the third overtime with the score at 161-161. When the game ended after four overtimes, and more than 3 hours of real time, a record 342 points had been scored. The record would later be broken in an NBA game on December 13, 1983, when the Detroit Pistons beat the Denver Nuggets, a former ABA team, 186-184 in three overtimes. • In Manila, 50,000 members of the Iglesia Ni Cristo held a protest march against martial law human rights abuses. • Died:P. G. Wodehouse (Sir Pelham Grenville Wodehouse), 93, English humorist and novelist known for creating the character of the quintessential butler and servant, "Jeeves", in a series of short stories and novels, starting in 1915. • Julian Huxley, 87, English biologist and eugenicist • Jerry Pettis, 58, U.S. Congressman from California since 1967, and deputy minority whip for the Republican Party in Congress, was killed while flying his own private plane from Palm Springs, California toward San Bernardino, where he was to hold a press conference at a meeting of the state Public Utilities Commission. Midway through a 30-minute flight, Pettis encountered strong winds and his Beechwood Bonanza plane struck a hillside at the San Gorgonio Pass near Beaumont. His wife, Shirley Neil Pettis, who had been waiting at San Bernardino to meet his plane, would later win a special election to fill the vacant seat for California' 37th District, and would serve until 1979. • Khfaf Lasuria, Soviet centenarian whom the TASS News Agency claimed to have lived to age 139. Nine years earlier (and reportedly only 125 years old), Mrs. Khfaf had been profiled in LIFE magazine. ==February 15, 1975 (Saturday)==
February 15, 1975 (Saturday)
• The first acquisition, in 50 years, of new territory and inhabitants by the United States, took place with the signing of the "Covenant to Establish a Commonwealth of the Northern Mariana Islands in Political Union with the United States of America." The covenant would be approved in a plebiscite by the Islands' voters on June 17. • Dr. Kenneth C. Edelin was convicted of manslaughter by a Boston jury after performing an abortion on October 3, 1973, at the city hospital. The jury, which sat for six weeks of trial, cited photographs of the 20- to 24-week-old fetus as a factor in the conviction, while Dr. Edelin, who was black, cited racial and religious bias from the all-white, and mostly Roman Catholic, jury. Dr. Edelin was placed on one year's probation. • The descendants of chewing gum magnate William Wrigley, Jr., gave most of the privately owned Santa Catalina Island to a conservancy that the family had formed in 1972 to protect the island for public use. • Died: Elizabeth Kee, 79, the first woman U.S. representative from West Virginia in Congress, who represented West Virginia from 1951 to 1965. • Died: Charles Basil Price, 85, a Canadian Army general who served in World War I and World War II. ==February 16, 1975 (Sunday)==
February 16, 1975 (Sunday)
• At a meeting in Cape Town, South African Prime Minister B. J. Vorster informed visiting Prime Minister Ian Smith of Rhodesia that the white minority government of South Africa would no longer provide troops to protect Rhodesia's white minority government. Smith, who had been reassured earlier of the Vorster government's support, said later that the decision had struck him "like a bolt from the blue". Rhodesia's government would fall in 1979, as a black majority government took power and the nation was renamed Zimbabwe. • HMS Sheffield, a guided missile destroyer, was commissioned into service in the British Royal Navy. The ship would be sunk by the Argentine Navy in May 1982 during the Falklands War, with a loss of 20 lives. • Benny Parsons captured his first and only Daytona 500 victory as leader David Pearson spun out with 2 laps to go in NASCAR's premier race in front of a national television audience. • Died: Morgan Taylor, 71, American Olympic hurdler and 1924 gold medalist ==February 17, 1975 (Monday)==
February 17, 1975 (Monday)
• The Australian heavy metal band AC/DC released its first album, High Voltage, on the Albert Productions label. • Georgia voted against approval of the proposed Equal Rights Amendment to the United States Constitution, and Utah followed the next day, with ratification failing 21-54 in the Utah House of Representatives. • Died: George E. Marshall, 83, American film director, known for How the West Was Won ==February 18, 1975 (Tuesday)==
February 18, 1975 (Tuesday)
• The first major protest against the building of a nuclear power plant took place in the city of Wyhl in West Germany, where several hundred people turned out at the site of a proposed reactor that had been authorized on January 22. After the eviction of the protesters, a larger demonstration would take place five days later. • The Tigrayan People's Liberation Front was created to fight for the rights of the Tigre people in Ethiopia. • The Constitutional Court of Italy ruled that abortion was legal if the physical or psychological health of the mother was threatened by an early pregnancy. • Born:Gary Neville, English footballer, in BuryKeith Gillespie, Northern Irish footballer, in LarneSarah Brown, American soap opera actress and 3-time Daytime Emmy award winner, in Eureka, CaliforniaDied: Chivu Stoica, 66, former Prime Minister of Romania (1955–1961) and President (1965–1967), committed suicide after being called before Romanian Communist Party officials and accused of incest with his niece. ==February 19, 1975 (Wednesday)==
February 19, 1975 (Wednesday)
• Significant reforms to the U.S. Freedom of Information Act went into effect, after both the House and the Senate had overridden a veto by President Ford in November. • Died: Luigi Dallapiccola, 71, Italian composer ==February 20, 1975 (Thursday)==
February 20, 1975 (Thursday)
• The remaining 150 protesters who had occupied the proposed nuclear power plant site in Wyhl, West Germany, were attacked and dispersed by 700 German riot police, using water cannons, dogs and armored vehicles. Three days later, the site was reoccupied by more than 20,000 protesters. • Born: Brian Littrell, American pop singer (Backstreet Boys), in Lexington, KentuckyDied: Robert Strauss, 61, American film actor known for the 1953 prisoner of war camp film Stalag 17. ==February 21, 1975 (Friday)==
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