Wikipedia:Main Page history/2022 September 16
From today's featured article
In September 2019, there was a sudden and unexpected spike in interest rates on overnight repurchase agreements (or "repos") – short-term loans between financial institutions. The interest rate on overnight repos in the United States increased from 2.43 percent on September 16 to 5.25 percent (graph shown). During the trading day, interest rates reached 10 percent. The Federal Reserve Bank of New York injected $75 billion into the repo market on September 17 and every morning for the rest of the week. On September 19, the Federal Reserve lowered the interest paid on bank reserves. These actions calmed the markets and, by September 20, rates had returned to a stable level. The Federal Reserve Bank of New York continued to regularly provide liquidity to the repo market until June 2020. Economists identified the main cause of the spike as a temporary shortage of cash available in the financial system, caused by the deadline for the payment of quarterly corporate taxes and the issuing of new Treasury securities. (Full article...)
Did you know ...
- ... that Gaylord Perry (pictured) admitted that he had cheated in baseball in his autobiography Me and the Spitter?
- ... that Jewish Indian theory, the erroneous idea that some lost tribes of Israel became ancestors to Native Americans, influenced the Book of Mormon?
- ... that Billie Eilish released two songs in July 2022, one of which was about a loved one's car accident?
- ... that a job offer from the Empire Cinema saved science fiction writer John Russell Fearn from factory-based war work that "damned near killed [him]"?
- ... that upon its completion, the Gwinnett Environmental & Heritage Center had the largest sloped green roof in the United States?
- ... that Ruffian Games co-developed Kinect games to stay in business after the release of Crackdown 2?
- ... that the National Football League record for career punting yards is more than 40 miles (65 km)?
- ... that "gambling lord" Hong Taechawanit's mansion in Thailand became a police station?
In the news
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- More than 170 soldiers die in renewed fighting in the border crisis between Armenia and Azerbaijan.
- A magnitude 7.6 earthquake strikes Papua New Guinea, leaving at least seven people dead.
- Elizabeth II, Queen of the United Kingdom and 14 other Commonwealth realms, dies at the age of 96 and is succeeded by her son King Charles III (pictured).
- Liz Truss succeeds Boris Johnson as leader of the Conservative Party and Prime Minister of the United Kingdom.
On this day
September 16: Arba'een / Arba'een Pilgrimage (Shia Islam, 2022)
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- 1776 – American Revolutionary War: American colonists defeated British troops at the Battle of Harlem Heights (depicted) on the island of Manhattan.
- 1940 – Second World War: Italian forces captured the town of Sidi Barrani, but their invasion of Egypt progressed no further.
- 1961 – The U.S. National Hurricane Research Project sought to weaken Hurricane Esther by seeding it with silver iodide, leading to the establishment of Project Stormfury.
- 1982 – A Lebanese militia under the direct command of Elie Hobeika carried out a massacre in the Palestinian refugee camp of Sabra and Shatila, killing at least 460 civilians.
- 1990 – Construction of the Northern Xinjiang railway was completed between Ürümqi South and Alashankou, linking the railway lines of China and Kazakhstan, and adding a sizeable portion to the Eurasian Land Bridge.
- Philip III of Navarre (d. 1343)
- Marian Cruger Coffin (b. 1876)
- Ahn Eak-tai (d. 1965)
From today's featured list
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The Codex Mendoza is an Aztec codex believed to have been created around the year 1541. It contains a history of both the Aztec rulers and their conquests as well as a description of the daily life of pre-conquest Aztec society. The codex is written in the Nahuatl language utilizing traditional Aztec pictograms with a translation and explanation of the text provided in Spanish. It is named after Don Antonio de Mendoza, the viceroy of New Spain, and a leading patron of native artists. This page depicts the founding of the Aztec capital Tenochtitlan, located on the site of the modern Mexico City. It is in the collection of the Bodleian Libraries in Oxford. Manuscript credit: unknown
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