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 15, 1988
Full News Archive
- Headline: Canoe Nationals Make Eastern Debut. Impact: The introduction of canoeing in New England led to an unexpected boom in sales of life jackets, paddle manufacturers, and, ironically, waterproof smartphones. Fast forward a few decades, and you have the Great Paddle Wars of 2045, all because someone thought 'Hey, let’s put some canoes in the water!'. Fact: Canoeing has been around since humans decided that floating on water was a better option than walking. Who knew it would lead to a national sport and a weekend warrior's worst sunburn?.
- Headline: Leveraged Buyouts and Business Profits. Impact: Prospect Group's foray into debt-led profits set off a chain reaction of financial institutions embracing high-risk tactics. This eventually led to the Great Recession of 2008, where everyone suddenly found themselves experts in economics—just in time for the coffee shop conversations about 'the bubble.'. Fact: If you think debt is bad, just wait until you meet its evil twin—compound interest. They say money can’t buy happiness, but it definitely can buy a lot of debt!.
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)