What happened on February 8, 1996?

Headlines from February 8, 1996

• ✈️ Plane Crash Tragedy – A Boeing 757 crashed into the Atlantic, killing 189, mostly German tourists returning from the Dominican Republic.
• 🏛️ Aristide Transfers Power – Haitian President Jean-Bertrand Aristide peacefully transferred power to his successor, marking a historic moment for Haiti.
• 📉 Senate Phases Out Subsidies – The U.S. Senate approved legislation to phase out Depression-era farm subsidies, shifting to fixed payments over seven years.
• 🌍 Trade Gap Narrows – The U.S. trade deficit shrank by 13.5% in November, reaching its lowest level in nearly two years due to strong exports.
• 🏆 Olympics Ticket Sales – Atlanta's Olympic organizers faced frustration as they prepared to open sales for 3.7 million tickets still available.
• 📚 New Learning Standards – New Jersey released revised public school curriculum standards aimed at reversing a decline in educational quality.
• 💼 Kodak's China Expansion – Eastman Kodak is negotiating to acquire stakes in China's largest photographic film manufacturers to enhance distribution.
• 📈 Sears Reports Strong Earnings – Sears, Roebuck & Company reported strong fourth-quarter earnings, defying expectations amid a sluggish retail environment.
• 🌐 Clinton's Budget Online – President Clinton's budget proposal for the 1997 fiscal year was made available on the White House's Internet site.
• 📊 Gencorp Restructures – Gencorp Inc. announced early retirements for 100 employees as part of a reorganization to enhance competitiveness.