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 7, 1988
Full News Archive
- Headline: Stock Market Rally on Blue-Chip Gains. Impact: This seemingly innocuous rise in the Dow triggered a series of unfortunate events leading to countless investment strategies that would eventually result in drop-dead boring retirement parties and the popularization of avocado toast as a financial crisis coping mechanism. Who knew a 31.48 point rise could lead to a national obsession with brunch?. Fact: Did you know that if you invested $1 in the stock market at this time, you could have bought a whole lot of avocado toast in 2023? Just kidding, you’d still be broke!.
- Headline: E.P.A. Invests in Waste Cleanup Innovations. Impact: This grant for 'novel ideas' sparked a wave of wildly impractical inventions, such as the self-cleaning garbage can and the biodegradable spatula. It also led to a secret society of scientists who meet under the guise of 'cleaning up toxic waste' to discuss their latest attempts to create the perfect donut. The world is definitely better off for it.. Fact: Fun fact: The only thing more toxic than the waste they were trying to clean up was the optimism surrounding these 'novel ideas.' Spoiler alert: most of them ended up in the landfill!.
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)