News Events of 1998
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August 1998
8-3-1998 -- General Motors announced it will spin off its Delphi Automotove Systems unit into an independent company. Delphi, which grew out of the Dayton-based Delco company, employs 15,000 workers in seven Dayton-area plants.
8-6-1998 -- Former White House intern Monica Lewinsky testified before a federal grand jury about her alleged sexual relationship with President Clinton.
8-7-1998 -- Terrorist bombs exploded outside U.S. embassies in Tanzania and Kenya. Hundreds died in the Kenyan blast.
8-11-1998 -- Four area teenagers died in a fiery crash on a country road in Miami County. Investigators said the teens had been speeding over steep hills.
8-16-1998 -- Balloonist Steve Fossett was found in the South Pacific eight hours after his attempt to fly around the world ended when his balloon went down in the shark-infested waters.
8-17-1998 -- President Clinton admitted to a grand jury that he had a relationship with Monica Lewinsky. The president then went on national television to admit the affair to the public.8-20-1998 -- The U.S. struck back at terrorists in a cruise missile attack on a terrorist training enclave in Afghanistan and a suspected nerve gas plant in Sudan. The Clinton
Administration said evidence showed that Saudi millionaire Osama bin Laden was responsible for the recent bombings at U.S. embassies in Africa.8-21-1998 -- Antonio Franklin was found guilty of three murders in the deaths of his grandparents and uncle.
8-27-1998 -- In reaction to news of the collapse of the Russian ruble and the rumored fall of Russian President Boris Yeltsin, stock markets tumbled worldwide. In the U.S. the Dow Jones average dropped 357 points.
8-27-1998 -- Antonio Franklin was sentence to die for the murders of his grandparents and his uncle.
8-31-1998 -- The Dow Jones average fell 512 points, or 6.4 percent, effectively erasing the year's gains. The drop was the second largest in history in terms of points, but did not make the top 20 when measured as a percent of the total market volume.
8-31-1998 -- Vice President Al Gore was in Dayton to speak at Carlson Elementary School. President Bill Clinton flew to Russia for a summit which had been scheduled before the recent financial chaos in that country.