February 29 (2013)

25 years ago
1988

Hit parade
#1 single in Australia (Australian Music Report): (I've Had) The Time of My Life--Bill Medley and Jennifer Warnes (5th week at #1)

War
Iran and Iraq began firing missiles at each other's capital.

Protest
A strike against the regime of Gen. Manuel Noriega began in Panama. It was widely supported, at least in Panama City.

South African Anglican Archbishop Desmond Tutu was among 100 clergymen who were arrested during a five-day anti-apartheid demonstration in Cape Town.

Society
New Democratic Member of Parliament Svend Robinson (Burnaby) became the first member of Canada's House of Commons to come out of the closet and admit his homosexuality.

Economics and finance
The Dow Jones Industrial Average closed at 2071.62, its highest level since prices had plunged on October 19, 1987.