More Information for the US Airways Bankruptcy
The United States’ seventh largest airline, US Airways files for bankruptcy during August. While the airline had financial issues prior to the September 11th terror attacks, it had been disproportionately impacted as it had a large presence at the major airports in the Washington D.C. region. After declaring bankruptcy, a judge granted the corporation $75 million in emergency financing and $500 million in debtor financing. In 2004 , US Airways filed for bankruptcy again and it merged with America West in 2005 . In 2013 it merged with American Airlines and in 2015, American Airlines discontinued use of the US Airways brand name.
The XIX Winter Olympics were held in Salt Lake City, Utah during February. A total of 2,399 athletes from 77 different countries participated in 80 athletic events. Women’s bobsleigh was added as a new event and the skeleton event was re-introduced. It also marked the first time that a black athlete won a gold medal at the winter games with Vonetta Flowers (USA) in women’s bobsleigh and the first black male athlete won a winter gold with Jarome Iginla (Canada) in men’s ice hockey. Norway won the most gold medals and Germany, the United States, and Canada came in second, third and fourth.
The FIFA World Cup for soccer was held between May 31 and June 30th. The massive sporting event was hosted by South Korea and Japan, making it the first World Cup to be held in more than one nation. It was also the first time the World Cup was held somewhere other than Europe or the Americas. The team from Brazil defeated Germany to win the final, becoming the first team to win five World Cups as well as being the only team to win all of their matches.
More Information for President Bush's "Axis of Evil" speech.
In January of 2002, only a few months after the World Trade Center tragedy of September 11, 2001, United States President George W. Bush makes one of the most memorable State of the Union Addresses of any president. In his annual presidential speech he addressed the pressing problem of terrorism and the development of weapons used for mass destruction. During the speech he also describes "regimes that sponsor terror" as an Axis of Evil, in which he includes Iraq, Iran and North Korea. He outlined plans for combating terrorists such as Osama Bin Laden and the Taliban and urged for a greater focus on “Homeland Security.” This was his first public speech as President of the United States.
Former U.S. President Jimmy Carter was awarded the Nobel Peace Prize in October of 2002. Carter was given the prize for dedicating his life promoting peace and democracy, and working to advance human rights and social issues. Carter’s greatest achievement came in 1978 during his presidency when he brokered a peace deal between Egypt and Israel, but the majority of his work came after he left office. He was active in advocating for human rights and working as a mediator in international conflicts. He also established the Carter Center to fight against social and economic injustice and was heavily involved in the affordable home-building charity, Habitat for Humanity.
Switzerland and East Timor join the United Nations during September. Switzerland made steps towards becoming less politically isolated by holding a referendum in March with 54.6% voting in favor of joining. They became the 190th member of the United Nations. East Timor became the 191st member of the United Nations in September after changing its official name to Timor-Leste. Prior to its independence, the United Nations had been involved in transitional politics and peacekeeping in East Timor. The small island nation became the first new sovereign state to establish its independence during the 21st Century earlier that year in May.
The Euro becomes the official currency of twelve of the European Union's Members
The European Union votes to add 10 new countries to the EU.
Kmart Corp becomes the largest retailer in American history to file for Chapter 11 bankruptcy protection.
Two Snipers in Washington DC area kill 10 people and injure 3 more spreading panic and fear
Queen Elizabeth, the Queen Mother of the UK Dies
George Bush creates the Department of Homeland Security on June 7th to fight threats of terrorism
The No Child Left Behind Act is passed and President George W. Bush signs into law
The Basque terrorist organisation ETA continues it's bombing campaign in support of its aim for self determination for the Basque country.
Terrorists detonate massive bombs in two nightclubs in Kuta, Bali, killing 202 and injuring over 300.
A wildfire destroys almost a half million acres in Oregon’s Siskiyou National Forest
Yasser Arafat trapped in his Compound By Israeli Troops until his death in 2004
Brazil Wins 2002 World Cup in Korea Republic and Japan
Estimated 40 million people now infected with Aids / HIV virus worldwide.
Mobs of Muslims Burn the Sabarmati Express Train Killing 57 Hindu Pilgrims
Elizabeth Smart is kidnapped from her family's Salt Lake City home ( Found Alive in 2003 )
The plan to create a single Nuclear Waste Dump in the United States at Yucca Mountain, Nevada to replace 130 separate dumps around the US is passed by the US Senate
How Much things cost in 2002
Average Cost of new house $228,700.00
Average Income per year $42,409.00
Cost of a gallon of Gas $1.61
Kelly Clarkson Wins First American Idol Contest
The Lord of the Rings: The Two Towers
Harry Potter and the Chamber of Secrets
Star Wars Episode II: Attack of the Clones
Men in Black II
Die Another Day
My Big Fat Greek Wedding
Gangs of New York
Puddle of Mudd
Red Hot Chili Peppers
The Rolling Stones
Mount Nyiragongo Volcano erupts in the Democratic Republic of the Congo displaces an estimated 400,000 people
Miss World Pageant causes Riots Nigeria
Largest Expansion in the History of NATO with seven Eastern and Central European Nations accepted as new members Bulgaria, Estonia, Latvia, Lithuania, Romania, Slovenia and Slovakia.
Slobodan Miloševic trial former President of the Federal Republic of Yugoslavia begins at the United Nations war crimes tribunal in The Hague
Chechen Rebels take 800 theatergoers hostage in Moscow and threaten to blow up the theatre , 3 days later special forces storm the building resulting in the death of 128 hostages and 41 rebels
Queen Elizabeth II's celebrates her Golden Jubilee
Leaders of the world's richest nations meeting at the G8 summit in Canada agree to help the poorest countries in the world by providing funding for economic and political development in Africa.
Tornadoes strike a number of southern states from Louisiana to Pennsylvania on Veterans Day killing 36
Iraq rejects new U.N. weapons inspections proposals
WorldCom files for Chapter 11 bankruptcy protection in the largest such filing in United States history
United Airlines files for bankruptcy protection
Priests Indiscretion uncovered when files show major cover up for priests accused of abuse
Andrew Fastow former chief financial officer for Enron Corp is indicted on 78 counts of wire fraud, money laundering, conspiracy and obstruction of justice.
Forest fires in Colorado have destroyed nearly 100,000 acres of land making them the worst in the states history.
The Prestige oil tanker sinks polluting more than a thousand beaches on the Spanish and French coast.
Restrictions are further loosened for mercy killings and assisted suicide for patients with unbearable, terminal illness in the Netherlands.
East Timor Gains Independence From Indonesia on May 20
"Miss B" Granted Right To Die in Landmark British Case
Expelled student goes on shooting rampage killing 13 teachers at Erfurt, Germany
A major earthquake rocks Afghanistan and northwestern Pakistan
A Suicide bomber blows himself up aboard a bus in Haifa
The worlds Earth Summit held in Johannesburg, South Africa
The Uruguay financial system breaks down with state bank branches and ATM machines closed
Terrorist Dirty Bomb Plot Foiled In The United States.
Brazil and Uruguay receive $40 billion loans from IMF to help stabilize economies.
A deadly fire at the shopping mall in International Trade Centre in Ho Chi Minh City
The Mars Odyssey finds signs of huge water ice deposits on the planet Mars
A Huge 660 pound meteorite plunges into earths atmosphere and explodes in a fireball over southern Bavaria a piece of the meteorite is found and named Neuschwanstein after the local castle
Australia Prime Minister John Howard
Brazil President Fernando Henrique Cardoso
Canada Prime Minister Jean Chrétien
China Chairman of the People's Republic of China Jiang Zemin
France President Jacques Chirac
Germany Chancellor Gerhard Schröder
India Prime Minister Atal Bihari Vajpayee
Italy Prime Minister Silvio Berlusconi
Japan Prime Minister Junichiro Koizumi
Mexico President Vicente Fox
Russia / Soviet Union General Secretary of the CPSU Vladimir Putin
South Africa State President Thabo Mbeki
United States President George W. Bush
United Kingdom Prime Minister Tony Blair