Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON August 3, 1989
Full News Archive
- Headline: Log Cabin Controversy in Weston, CT. Impact: This log cabin drama sparked a nationwide movement of 'log cabin envy', leading to a boom in rustic-themed reality shows where every suburbanite suddenly considered themselves a lumberjack. Who knew a couple of logs could start an interior design revolution?. Fact: Did you know that log cabins were first built by the Scandinavians in the 17th century? So much for being 'the first' in Weston; they just missed a few centuries of architectural history..
- Headline: Restoring an Eames Lounge Chair. Impact: The restoration of the Eames lounge became a cultural touchstone, inspiring a generation of hipsters to shell out their trust funds on mid-century modern furniture, forever altering the landscape of thrift shops and garage sales. Thanks, Eames, for making us all broke but stylish!. Fact: Did you know that the Eames lounge was originally designed for a millionaire's living room? So, naturally, it's now a staple in every 'I work in tech' apartment. Nothing says 'I’m successful' like a chair that costs more than your rent..
- Headline: BUSINESS PEOPLE; Healthcare Investment Names New President. Impact: Cavanaugh's ascension in Healthcare Investment was the catalyst for a troubling trend where every corporate executive began to think they were a healthcare expert, launching a series of bizarre investments in homeopathy and crystal healing. Good luck finding a real doctor in that mess!. Fact: Did you know that the pharmaceutical industry has more lobbyists than it has doctors? So if you thought we were going to get better healthcare under Cavanaugh, you may want to consider a second opinion – preferably from a real doctor..
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)