Breakthroughs and everyday innovations from the year.
HEADLINES ON August 13, 1987
Full News Archive
- Headline: Exploring Female Identity in 'The Woman Warrior'. Impact: Maxine Hong Kingston’s poignant words sparked the feminist literary movement, leading to the eventual creation of an entire genre dedicated to 'angry women with pens' – a.k.a., the best-selling authors of the future.. Fact: Did you know that the term 'girl power' was first coined centuries later as a marketing gimmick? Thanks, Maxine, for laying the groundwork!.
- Headline: G.M.'s Innovative Pay Proposal Unveiled. Impact: G.M.'s proposal to tie pay to productivity became a corporate playbook, paving the way for every office worker's worst nightmare: 'performance reviews' that feel like an episode of 'Survivor'.. Fact: Fun fact: The term 'performance pay' is actually a euphemism for 'We'd like to pay you less while making you work more. Good luck!'.
- Headline: BUSINESS PEOPLE; PRESIDENT OF BIG BAKERY CONSIDERS OWNERSHIP. Impact: Robert W. Hatch's desire to own a bakery sparked a nationwide trend of corporate buyouts, resulting in the multi-billion dollar cupcake industry, which is now filled with overpriced treats and Instagram influencers.. Fact: Fun fact: The term 'big bakery' sounds like a conspiracy theory involving secret recipes and doughy overlords. Spoiler: it's just a bunch of people trying to make a living off baked goods..
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1987, it would be worth $1,945,817 today (1945.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1987, it would be worth $4,778,667 today (4778.7x return)
INTC
Intel
Intel - If you invested $1,000 in 1987, it would be worth $146,978 today (147.0x return)