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  • Guam
    Wednesday Aug 6, 1997

    Plane Accidents

    Korean Air Flight 801

    Guam
    Wednesday Aug 6, 1997

    A Boeing 747-3B5, Korean Air Flight 801, crashed on August 6, 1997, on approach to the international airport in the United States territory of Guam, killing 228 of the 254 people aboard. Contributing factors in the crash were fatigue and errors by the flight crew, inadequate flight crew training, and a modification of the airport's altitude warning system that prevented it from detecting aircraft below a minimum safe altitude.




  • Thailand
    Monday Aug 11, 1997

    1997 Asian financial crisis

    Rescue package

    Thailand
    Monday Aug 11, 1997

    On 11 August 1997, the IMF unveiled a rescue package for Thailand with more than $17 billion, subject to conditions such as passing laws relating to bankruptcy (reorganizing and restructuring) procedures and establishing strong regulation frameworks for banks and other financial institutions.




  • IIndonesia
    Thursday Aug 14, 1997

    1997 Asian financial crisis

    A Free-floating exchange rate

    IIndonesia
    Thursday Aug 14, 1997

    On 14 August 1997, the managed floating exchange regime was replaced by a free-floating exchange rate arrangement. The rupiah dropped further. The IMF came forward with a rescue package of $23 billion, but the rupiah was sinking further amid fears over corporate debts, massive selling of rupiah, and strong demand for dollars.




  • Thailand
    Wednesday Aug 20, 1997

    1997 Asian financial crisis

    Bailout package

    Thailand
    Wednesday Aug 20, 1997

    The IMF approved on 20 August 1997, another bailout package of $2.9 billion.




  • Scotts Valley, California, U.S.
    Friday Aug 29, 1997

    Netflix

    Netflix foundation

    Scotts Valley, California, U.S.
    Friday Aug 29, 1997

    Marc Randolph and Reed Hastings founded Netflix on August 29, 1997 in Scotts Valley, California.




  • Scotts Valley, California, U.S.
    Friday Aug 29, 1997

    Netflix

    First online DVD-rental store

    Scotts Valley, California, U.S.
    Friday Aug 29, 1997

    Netflix launched as the world's first online DVD-rental store, with only 30 employees and 925 titles available - almost the entire catalogue of DVDs at the time, using the pay-per-rent model, with rates and due dates similar to those of its brick-and-mortar competitor, Blockbuster.




  • Paris, France
    Sunday Aug 31, 1997

    Prince Charles

    Princess Diana's Death

    Paris, France
    Sunday Aug 31, 1997

    Diana was killed in a car crash in Paris on 31 August of the following year; Charles flew to Paris with Diana's sisters to accompany her body back to Britain.


  • Paris, France
    Sunday Aug 31, 1997

    Princess Diana

    Death

    Paris, France
    Sunday Aug 31, 1997

    On 31 August 1997, Diana died in a car crash in the Pont de l'Alma tunnel in Paris while the driver was fleeing the paparazzi.


  • Paris, France
    Sunday Aug 31, 1997

    Prince Harry

    Princess Diana's Death

    Paris, France
    Sunday Aug 31, 1997

    His mother died in a car crash in Paris in 1997. Harry and William were staying with their father at Balmoral at the time, and the Prince of Wales told his sons about their mother's death.


  • Paris, France
    Sunday Aug 31, 1997

    Prince William

    Diana death

    Paris, France
    Sunday Aug 31, 1997

    William's mother wanted him and his younger brother Harry to have wider experiences than are usual for royal children. She took them to Walt Disney World and McDonald's, as well as AIDS clinics and shelters for the homeless, and bought them items typically owned by teenagers, such as video games Diana, who was by then divorced from Charles, died in a car accident in the early hours of 31 August 1997. William, then aged 15, together with his 12-year-old brother and their father, were staying at Balmoral Castle at the time. The Prince of Wales waited until his sons awoke the following morning to tell them about their mother's death. William accompanied his father, brother, paternal grandfather Prince Philip, Duke of Edinburgh, and his maternal uncle Charles Spencer, 9th Earl Spencer, at his mother's funeral; they walked behind the funeral cortège from Buckingham Palace to Westminster Abbey.


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