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- Theglobe.com goes public, opening up 1000% and setting a stock market record for highest rising IPO in history. This became one of the first and most widely publicized IPOs of the internet boom.
- Iraq disarmament crisis: U.S. President Bill Clinton orders airstrikes on Iraq, then calls them off at the last minute when Iraq promises once again to "unconditionally" cooperate with UNSCOM.
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- Iraq disarmament crisis: According to UNSCOM, Iraq once again ends cooperation with the United Nations inspectors, alternately intimidating and withholding information from them.
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