Breakthroughs and everyday innovations from the year.
HEADLINES ON August 22, 1989
Full News Archive
- Headline: Coping With Pressure in Pro Golf. Impact: When Mike Reid missed that putt, it set off a chain reaction. Years later, a random golfer in a different tournament would suffer from 'putt-related anxiety,' leading to the creation of a new therapy called 'Putt-a-Palooza.' Who knew golf could spawn mental health trends?. Fact: Did you know that in the world of sports, missing a birdie putt can lead to an existential crisis? Just ask Reid—he's probably still trying to figure out where it all went wrong..
- Headline: Boxing Meets Tennis: Donovan Ruddock's Skills. Impact: Donovan Ruddock's prowess in the ring and on the court led to an unexpected crossover event: the first 'Boxing-Tennis Olympics.' Athletes now compete in both sports simultaneously, resulting in a confusing and highly entertaining spectacle.. Fact: Who knew that boxing and tennis had so much in common? Both sports require a good swing—just one involves dodging punches while the other involves dodging your bank account after a bad bet..
- Headline: Resolution Trust Appoints Southwest Director. Impact: The appointment of Carmen J. Sullivan triggered a series of events leading to the rise of the Resolution Trust Corporation as a pop culture icon. Eventually, it inspired a hit reality show called 'Liquidate or Not to Liquidate.'. Fact: Fun fact: The Resolution Trust Corporation was so successful that it almost became a dating service for distressed properties. 'Swipe right for foreclosure!'.
- Headline: THE BASIC SPEECH: HOUSING, SCHOOLS AND CRIME. Impact: The 'basic speech' strategy became a blueprint for future politicians everywhere. Today, we can trace the rise of soundbite culture to these candidates, who turned every issue into a 30-second clip. Thanks, NYC!. Fact: Did you know that politicians love basic speeches because they can recycle them? It's like the fast food of political rhetoric: quick, easy, and leaves you feeling empty..
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)