Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON August 2, 1988
Full News Archive
- Headline: Philip Morris Issues $250 Million Notes. Impact: The issuance of those seven-year notes set off a chain reaction where investors became obsessed with yield. Fast forward to today, and you have people obsessively flipping through financial news like it's a reality TV show, all because of a $250 million bond. Who knew a piece of paper could change the way we binge-watch Wall Street?. Fact: Did you know that a bond's interest rate is basically its way of saying, 'Please trust me with your money?' Because nothing says trust like a piece of paper promising to pay you back!.
- Headline: Cities Embrace Modern Incineration Technology. Impact: As cities embraced the new generation of incinerators, they inadvertently sparked a trend in urban waste disposal that led to the rise of eco-friendly technologies. This eventually paved the way for hipster composting workshops and the invention of artisanal garbage bags. Thanks, modernity!. Fact: Fun fact: Incinerators are the original 'out of sight, out of mind' solution for garbage. Because nothing says 'environmentally friendly' like turning your trash into smoke. Good luck breathing!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1988, it would be worth $884,238 today (884.2x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1988, it would be worth $2,037,337 today (2037.3x return)