Disney announces planned layoffs of over 400 employees of a staff of 1000.
The Soviet Union and Britain re-establish diplomatic relations. Agilent is first worldwide in the test and measurement market. The Hague in Holland hosts International Conference on Young Plan for German reparations. Walt collapses at his home, is revived by medics, and is readmitted to hospital. Edison, Ford and Hoover celebrate 50 years of electric light in Washington. Graf Zeppelin finishes round-the-world flight in NJ. Noble made his money as the creator of Lifesavers candy. Hoover formally proclaims that the Kellogg-Briand Pact, stating that all nations renounce war as an instrument of national policy, is in effect.