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 August 14, 1989
Full News Archive
- Headline: Grauer & Wheat's Investment Milestone. Impact: Had Grauer & Wheat not taken over Michaels Stores, it's possible that the infamous 'DIY crafts' trend would have never reached its apex, leaving millions without the joy of creating their own glittery disasters. The world might have been spared from countless Pinterest fails.. Fact: Did you know that Peter T. Grauer once tried to build a time machine out of craft supplies? Spoiler alert: it didn’t work, but it did create a minor crafting revolution..
- Headline: Lomas Bankers Corporation Sold for $500 Million. Impact: The sale of Lomas Bankers Corporation sparked a series of corporate takeovers that would eventually lead to the over-saturation of the financial services market, making 'financial advisor' the most popular synonym for 'we're not really sure what we're doing.'. Fact: Fun fact: John C. Tolleson once said, 'If I can sell a bank, I can sell anything,' and he promptly tried to sell ice to Eskimos—unsuccessfully, of course..
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)