September 5th, 2008

Today in History

1988:
With US$2 billion in federal aid, the Robert M. Bass Group agrees to buy the United States's largest bankrupt thrift, American Savings and Loan Association.

1980:
The St. Gotthard Tunnel opens in Switzerland as the world's longest highway tunnel at 10.14 miles (16.32 km) stretching from Goschenen to Airolo.

1960:
Muhammad Ali wins the gold medal in boxing at the Rome Olympic Games.

1901:
The National Association of Professional Baseball Leagues (later renamed Minor League Baseball), is formed in Chicago, Illinois.

1882:
The first United States Labor Day parade is held in New York City.