What happened on March 8, 1990?

Headlines from March 8, 1990

• 🌍 Gorbachev Demands Billions – President Gorbachev demands Lithuania pay $33 billion to secede from the Soviet Union, escalating tensions.
• 📉 Banks' Profits Plummet – Profits at American banks fell 35% in 1989, largely due to bad loans affecting earnings.
• 🏦 U.S. Food Label Changes – The Bush Administration announces plans for mandatory nutritional labeling on packaged foods.
• 💡 China Eases Austerity – China's government signals easing of austerity with $500 million in new loans to troubled enterprises.
• ⚖️ Proposed Catholic Catechism – The Catholic Church prepares to issue a comprehensive summary of its beliefs, stirring scholarly disputes.
• 🏗️ Uruguay Acts on Deficit – Uruguay raises fuel prices and utility charges to cut its budget deficit and inflation.
• 🏛️ Liberals Start New Journal – A group of liberal writers launches a new journal to renew political debate and ideas.
• 📈 Poland's Inflation Slows – Poland's inflation rate drops to 7% in February from 78% in January, despite a production plunge.
• 🏦 Mexico to Sell Steel Firms – Mexico announces plans to privatize its two leading steel companies as part of economic reforms.
• 🏥 A.M.A. Proposes Health Plan – The American Medical Association proposes a plan to provide universal health care by expanding Medicaid.