On This Day:
Thursday January 8, 2015 This is the 8th day of the year, with 357 days remaining in 2015. Fact of the Day: insurance Insurance companies are insured by reinsurers. Reinsurance is the sharing of risk among insurance companies. Part of the insurer's risk is assumed by other companies in return for a part of the premium fee paid by the insured. By spreading the risk, reinsurance allows an individual company to take on clients whose coverage would be too great a burden for one insurer to carry alone.
Holidays Feast day of St. Severinus of Noricum, St. Severinus of Septempeda, and St. Wulsin.
Greece: Midwife's Day or Women's Day.
Indonesia: Kassada.
Events 1815 - U.S. forces led by General Andrew Jackson defeated the British in the Battle of New Orleans -- the closing engagement of the War of 1812. This occurred two weeks after the War of 1812 officially ended with the signing of the Treaty of Ghent.
1851 - Jean Foucault demonstrated definitively that the Earth rotates on its axis.
1867 - Congress overrode President Andrew Johnson's veto of a bill granting all adult male citizens of the District of Columbia the right to vote, and the bill becomes law. It was the first law granting African-American men the right to vote.
1889 - American inventor Herman Hollerith patented his tabulator, the first device for data processing; his firm would later become one of IBM's founding companies.
1894 - Fire caused serious damage to the World's Columbian Exposition in Chicago.
1908 - A subway line opened linking the New York boroughs of Brooklyn and Manhattan.
1916 - Allied forces staged a full retreat from the shores of the Gallipoli Peninsula in Turkey, ending a disastrous invasion of the Ottoman Empire.
1918 - President Woodrow Wilson outlined his "14 Points For Peace" after World War I.
1959 - Charles De Gaulle was inaugurated as president of France's Fifth Republic.
1964 - President Lyndon Johnson declared a "War on Poverty."
1982 - AT&T's break-up took place as it was divested of its 22 Bell System companies under terms of an antitrust agreement.
1987 - The Dow Jones Industrial Average topped the 2000 mark for the first time.
1998 - Ramzi Yousef, the mastermind of the World Trade Center bombing, was sentenced in New York to life in prison.
Births 1909 - Evelyn Wood, U.S. educator.
1935 - Elvis Aaron Presley, U.S. rock-and-roll singer, actor, legend.
1942 - Stephen Hawking, English physicist and mathematician.
Deaths 1642 - Galileo Galilei, Italian astronomer.
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