January 21st

In a 5-4 decision, the U.S. Supreme Court rules in Citizens United v. Federal Election Commission that the government cannot restrict the spending of corporations for political campaigns, maintaining that it's their First Amendment right to support candidates as they choose. This decision upsets two previous precedents on the free-speech rights of corporations.

Black Monday in worldwide stock markets. FTSE 100 had its biggest ever one-day points fall, European stocks closed with their worst result since 9/11, and Asian stocks drop as much as 15%.

The recording industry sued 532 computer users it said were illegally distributing songs over the Internet.

The Census Bureau announced that Hispanics had surpassed blacks as America's largest minority group.

Pope John Paul II began his first visit to Cuba.

Speaker Newt Gingrich was reprimanded and fined as the House voted for first time in history to discipline its leader for ethical misconduct.

A jury in Manassas, Va., acquitted Lorena Bobbitt by reason of temporary insanity of maliciously wounding her husband, John, whom she'd accused of sexually assaulting her.

President Jimmy Carter pardoned almost all Vietnam War draft evaders.

The supersonic Concorde jet was put into service by Britain and France.

Vietnam War: Battle of Khe Sanh - One of the most publicized and controversial battles of the war begins.

The first atomic submarine, the USS Nautilus, was launched at Groton, Conn.

A federal jury in New York City found former State Department official Alger Hiss guilty of perjury.

Russian revolutionary Vladimir Ilyich Lenin died of a stroke at age 53.

The first Kiwanis Club was founded, in Detroit.

23 cars take part in the first Rally Monte Carlo. Unlike today, the competitors set out from 11 different European locations, heading for the finish line in Monte Carlo.

Opel builds its first automobile. Today, Opel is one of the world's largest car manufacturers.

Five Southerners resigned from the U.S. Senate, including Jefferson Davis of Mississippi, the future president of the Confederacy.

Louis XVI of France is executed by the guillotine in Paris, following his conviction for high treason.

The Swiss Anabaptist Movement is born when Conrad Grebel, Felix Manz, George Blaurock, and about a dozen others baptize each other in the home of Manz's mother in Zürich, breaking a thousand-year tradition of church-state union.