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- At Arlington National Cemetery, U.S. President Bill Clinton dedicates a memorial to the victims of the Pan Am Flight 103 bombing.
- Queen Elizabeth II signs historic legislation apologising to Maoris over land confiscated by the Crown in the 19th century.
- The Hubble Telescope sends back pictures of a star being born.
- A man with a bomb hijacks a bus carrying mentally disadvantaged children.
- The former South African Defence Minister and ten retired military officers are charged with the murder of 13 people in a black township near Durban.
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- Israeli Prime Minister Yitzhak Rabin is assassinated at a peace rally in Tel Aviv.
- Russian President Boris Yeltsin makes a major change in his nation's leadership by handing most of his power to the Russian Prime Minister.
- A typhoon hits the Philippines, leaving one hundred dead and over a quarter of a million homeless.
- Fire almost wipes out the tourist town of Daintree in far north Queensland.
- Pakistan denies allegations of all tampering during a match against the West Australian cricket team in Perth, Western Australia.
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- Floodwaters in Victoria, Australia, are still rising with hundreds of people stranded and leaving several country towns cut off after rivers burst their banks.
- Historic St. Paulus Lutheran Church in San Francisco is destroyed by fire. The church survived the 1906 earthquake and featured in such films as "Vertigo" and "Dirty Harry"
- British actor, Paul Eddington, loses his battle with skin cancer and dies at home.
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- Typhoon Angela leaves the Philippines and Vietnam devastated, with 882 deaths and US$315 million in damage. The typhoon was the strongest ever to strike the Philippines in 25 years, with wind speeds of 130 mph (210 km/h) and gusts of 180 mph (290 km/h).
- Slain Israeli Prime Minister Yitzhak Rabin is laid to rest in Jerusalem.
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- A ferry capsizes off the coast of Thailand with 170 people on board.
- PLO leader Yasser Arafat makes a surprise visit to Israel to pay his respects to the family of slain Israeli Prime Minister Yitzhak Rabin.
- The Commonwealth Heads of Government Meeting suspends Nigeria due to the Nigerian Government's execution of nine human rights activists.
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- The Dow Jones Industrial Average gains 40.46 to close at 5,023.55, its first close above 5,000. This makes 1995 the first year where the Dow surpasses two millennium marks in a single year.
- The Dayton Agreement to end the Bosnian War is reached at Wright-Patterson Air Force Base near Dayton, Ohio (signed December 14).
- Bosnian peace talks at an air force base in Ohio draw to a close.
- Yasser Arafat visits the West Bank city of Jenin.
- The Beatles' song "Free as a Bird" is released simultaneously across the world.
- Malaysia begins to dissent from the Free Trade Agreement made at the APEC Summit in Japan.
- United States President Bill Clinton ends a six-day stand-off with Republican leaders in Congress by agreeing to negotiate ways of balancing the budget.
- 16 people are killed in a car bomb attack on the Egyptian embassy in Pakistan.
- Tennis: Steffi Graf claims her 48th win from 50 matches in the WTA final.
- Claude X, the world's most accomplished gate-crasher, turns up at the wedding of Denmark's Prince Joachim and Princess Alexandra.
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- Rosemary West is sentenced to life for killing 10 women and girls, including her daughter and stepdaughter, after the jury returns a guilty verdict at Winchester Crown Court. The trial judge recommends that she should never be released from prison, making her only the second woman in British legal history to be subjected to a whole life tariff (the other was Myra Hindley).
- Six-year-old Elisa Izquierdo's child abuse-related death at the hands of her mother makes headlines, and instigates major reform in New York City's child welfare system.
- The 7.3 Mw Gulf of Aqaba earthquake shakes the Sinai Peninsula and Saudi Arabia region with a maximum Mercalli intensity of VIII (Severe), killing eight and injuring 30, and generating a non-destructive tsunami.
- The first-ever full length computer animated feature film, Toy Story, is released by Pixar and Walt Disney Pictures.
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