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 December 6, 1988
Full News Archive
- Headline: Strong Rally in Stock Market. Impact: This seemingly minor stock market rise led to a nationwide obsession with numbers, paving the way for decades of financial analysts, stockbrokers, and those people who inexplicably yell at screens while flailing their arms. All thanks to a 31.48 point increase, we now have 'financial influencers' and memes about 'to the moon' stocks. Bravo!. Fact: Did you know that a rise of 31.48 points on the Dow in 1970 is approximately equivalent to a 31,000 point rise today? Just kidding, but it sounds good, right? Markets love a good dramatization..
- Headline: E.P.A. Funding Revolutionary Waste Cleanup Technologies. Impact: By funding these 'novel ideas,' the E.P.A. inadvertently opened the floodgates for every science fair project to be funded by Uncle Sam. Imagine the future of environmental cleanup being handled by kids with glitter and soda bottles. Thanks, E.P.A., for making 'science' a little more... creative.. Fact: Fun fact: The only thing more toxic than some of the waste being cleaned up is the bureaucracy involved in getting these 'novel ideas' approved. If only cleaning up waste was as easy as writing a grant proposal!.
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)