Event:
Spain will increase spending in an $8.2 billion program aimed to stimulate economic growth; the country has been working to overcome an unemployment rate of 25%, but recent reports have shown an encouraging decline in jobless claims
More Notable Events on May 31:
1990 Seinfeld starring Jerry Seinfeld, debuts on NBC as Seinfeld Chronicles
1977 Trans Alaska oil pipeline completed
1889 Johnstown Flood; 2,209 die in Pennsylvania
1879 Madison Square Garden opens
1621 Sir Francis Bacon thrown into Tower of London for 1 night