Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON July 18, 1989
Full News Archive
- Headline: Prudential Reviews $60 Million Ad Account. Impact: The Prudential account review set off a chain reaction in the advertising world, leading to the rise of countless marketing consultants who claimed they could save brands from 'the curse of bad ads.' Little did they know, they were just making things worse by introducing hashtags.. Fact: Did you know that the average consumer is now exposed to over 5,000 ads a day? So much for 'strong relationships'—we're all just swiping left on everything!.
- Headline: Management Shuffle at Wyse Advertising. Impact: The Wyse shuffle was so impactful that it inspired a dance craze among advertising execs, where they would literally shuffle papers while dancing during meetings. This led to a dramatic increase in office injuries and a spike in workers' compensation claims.. Fact: Isn't it delightful that agency management changes often feel like rearranging deck chairs on the Titanic? Spoiler alert: it usually sinks anyway..
- Headline: THE MEDIA BUSINESS: Advertising; Nostalgia Helps Clinic Raise Money. Impact: The nostalgia trend from this clinic fundraiser gave birth to a million-dollar industry of 'retro' events, bringing back everything from 70s disco parties to 90s grunge festivals. Who knew longing for the past could be so profitable?. Fact: It's funny how the 'counterculture' of the 60s became the 'corporate culture' of the 90s. I guess we all just wanted to wear tie-dye while making a six-figure salary!.
- Headline: Coal-Cleaning Process Could Help Utilities Cut Pollution Cheaply. Impact: This coal-cleaning process became the foundation for many environmental initiatives, sparking debates about whether we could 'clean up' other industries. Spoiler alert: it didn't work out so well for the fast-food industry.. Fact: Did you know that coal washing can actually lead to cleaner emissions? Too bad the same can't be said for washing your hands after a fast-food meal!.
- Headline: BUSINESS PEOPLE; Ex-Officer at Chemical In United Savings Post. Impact: Kenneth H. Thorn's appointment led to a bizarre chain of events where financial institutions began hiring former military officers as executives. Who knew that shooting at targets would translate so well into shooting for profits?. Fact: It's comforting to know that even in finance, the motto 'fake it till you make it' applies. Just call it strategic 'military tactics'!.
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1989, it would be worth $971,793 today (971.8x return)
MSFT
Microsoft
Microsoft - If you invested $1,000 in 1989, it would be worth $2,127,569 today (2127.6x return)