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 8, 1989
Full News Archive
- Headline: Exploring Maine's Island Coastline Adventures. Impact: The allure of Maine's coast not only drew tourists but also inspired countless 'I should be on vacation' daydreams in offices across America. This eventually led to the invention of the vacation day—thank you, Maine, for the concept of procrastination!. Fact: Did you know that Maine is the only state in the U.S. that shares its name with a single syllable? That's right, while you're struggling to pronounce 'Massachusetts', Mainers are quietly enjoying their lobster rolls..
- Headline: Diversification Pleases Cooper Industries Chief. Impact: Cizik's success in navigating oil price collapses paved the way for more companies to adopt a 'diversify or die' mentality, leading to the modern corporate mantra: 'If you can't make it, sell something else!' Thanks, Cooper Industries, for making business jargon even more confusing!. Fact: Interestingly, the oil industry's volatility has led to the rise of alternative energy sources. So, while Cizik was diversifying, little did he know he was also helping save the planet—one corporate decision at a time!.
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)