What happened on July 31, 1992?

Headlines from July 31, 1992

• ✈️ 291 Escape Burning Jetliner – A TWA jumbo jet caught fire during takeoff at JFK Airport, but all 291 passengers were safely evacuated with only minor injuries reported.
• 🏅 Gutsu Wins Olympic Gold – Tatyana Gutsu of the Unified Team clinched gold in gymnastics at the Barcelona Olympics, showcasing exceptional talent and determination.
• 🇦🇷 Argentine Utility Privatized – Argentina announced the sale of 51% of its state electrical company, boosting its privatization program and expected to yield over $2 billion.
• 💼 Peres Predicts Vatican Ties – Israeli Foreign Minister Shimon Peres forecasts rapid establishment of diplomatic relations with the Vatican following a joint commission.
• 📈 Duracell Reports Record Profits – Duracell International announced record fourth-quarter profits, driven by strong sales of alkaline batteries and lower interest rates.
• 📊 Money Fund Assets Up – The assets of U.S. money market mutual funds increased by $4.16 billion, reaching a total of $510.29 billion in the latest week.
• 💵 Economic Growth Stagnates – The U.S. economy grew by only 1.4% in the second quarter, significantly lower than previous growth rates, indicating ongoing recession challenges.
• 🏛️ Fair Haven for Haitians – A federal appeals court reversed the Bush Administration's policy of turning back Haitian refugees at sea, allowing them to seek asylum.
• 🎤 Clinton Leads Lawyers' Poll – A poll shows that U.S. lawyers prefer Governor Bill Clinton over President Bush for the upcoming presidential election by a significant margin.
• 🎓 Chambers to Lead University – Julius L. Chambers, director of the NAACP Legal Defense Fund, will become chancellor of North Carolina Central University in December.