Saturday, November 15, 2008

NOVEMBER 15th

On this date in:

1777 The Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution.

1806 Explorer Zebulon Pike spotted the mountaintop now known as Pikes Peak.

1889 Brazil's monarchy was overthrown.

1926 The National Broadcasting Co. debuted with a radio network of 24 stations.

1939 President Franklin D. Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, D.C.

1940 The first 75,000 men were called to armed forces duty under peacetime conscription.

1982 Funeral services were held in Moscow for Soviet President Leonid Brezhnev.

1984 Baby Fae, the month-old infant who had received a baboon's heart to replace her own congenitally deformed one, died at a California medical center three weeks after the transplant.

1985 Britain and Ireland signed an accord giving Dublin an official consultative role in governing Northern Ireland.

1986 A government tribunal in Nicaragua convicted American Eugene Hasenfus of delivering arms to Contra rebels and sentenced him to 30 years in prison. He was pardoned a month later.

1988 The Palestine National Council, the legislative body of the PLO, proclaimed the establishment of an independent Palestinian state.

1993 A judge in Mineola, N.Y., sentenced Joey Buttafuoco to six months in jail for the statutory rape of Amy Fisher, who shot and wounded Buttafuoco's wife, Mary Jo.

2002 Hu Jintao replaced Jiang Zemin as China's Communist Party leader.

2005 Baseball players and owners agreed on a tougher steroids-testing policy.

2006 One of four U.S. soldiers accused of raping a 14-year-old Iraqi girl and killing her and her family pleaded guilty at Fort Campbell, Ky. (Spec. James P. Barker, who agreed to testify against the others, was later sentenced to 90 years in prison.)

2007 Baseball home run king Barry Bonds was indicted on charges related to grand jury testimony during which he denied knowingly using performance-enhancing drugs. (Bonds has pleaded not guilty and is awaiting trial.)

Article of the day

First stock ticker debuts

On this day in 1867, the first stock ticker is unveiled in New York City. The advent of the ticker ultimately revolutionized the stock market by making up-to-the-minute prices available to investors around the country. Prior to this development, information from the New York Stock Exchange, which has been around since 1792, traveled by mail or messenger.

The ticker was the brainchild of Edward Calahan, who configured a telegraph machine to print stock quotes on streams of paper tape (the same paper tape later used in ticker-tape parades). The ticker, which caught on quickly with investors, got its name from the sound its type wheel made.

Calahan worked for the Gold & Stock Telegraph Company, which rented its tickers to brokerage houses and regional exchanges for a fee and then transmitted the latest gold and stock prices to all its machines at the same time. In 1869, Thomas Edison, a former telegraph operator, patented an improved, easier-to-use version of Calahan's ticker. Edison's ticker was his first lucrative invention and, through the manufacture and sale of stock tickers and other telegraphic devices, he made enough money to open his own lab in Menlo Park, New Jersey, where he developed the light bulb and phonograph, among other transformative inventions.

The last mechanical stock ticker debuted in 1960 and was eventually replaced by computerized tickers with electronic displays. A ticker shows a stock's symbol, how many shares have traded that day and the price per share. It also tells how much the price has changed from the previous day's closing price and whether it's an up or down change. A common misconception is that there is one ticker used by everyone. In fact, private data companies run a variety of tickers; each provides information about a select mix of stocks.

Today Birthdays

Sam Waterston turns 68 years old today.

AP Photo/Peter Kramer Actor Sam Waterston ("Law and Order") turns 68 years old today.


89 Joseph Wapner
TV personality ("The People's Court")

83 Howard Baker
Former U.S. senator, R-Tenn.

79 Ed Asner
Actor ("The Mary Tyler Moore Show," "Lou Grant")

76 Petula Clark
Singer

75 Jack Burns
Comedian

74 Joanna Barnes
Actress

63 Frida
Pop singer (ABBA)

63 Bob Gunton
Actor

61 Bill Richardson
Governor of New Mexico

55 James Widdoes
Director

54 Beverly D'Angelo
Actress

54 Mitch Easter
Rock producer

51 Kevin Eubanks
Bandleader ("The Tonight Show With Jay Leno")

46 Judy Gold
Comedian

41 E-40
Rapper

39 Rachel True
Actress

38 Jack Ingram
Country singer

36 Jonny Lee Miller
Actor

35 Sydney Tamiia
Actress

34 Chad Kroeger
Rock musician (Nickelback)

34 Jesse Sandoval
Rock musician (The Shins)

32 Virginie Ledoyen
Actress

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