Breakthroughs and everyday innovations from the year.
HEADLINES ON May 19, 1997
Full News Archive
- Headline: Banker's Gold Triumphs at Peter Pan Stakes. Impact: The loss of the Peter Pan Stakes led to a conspiracy theory that horses were secretly plotting against the humans. In a shocking twist, horse racing was never the same, and now they're all into dressage and yoga.. Fact: The Peter Pan Stakes is named after the fictional character who never grows up. Just like some of the horses competing, who seem to have skipped their training for a few too many hay bales..
- Headline: Rebel Army Captured Zaire In T-Shirts and Tennis Shoes. Impact: The rebels' casual attire became a fashion statement, sparking a new line of 'Rebel Chic' apparel that would have made history classes a lot more interesting. Who needs armor when you can win with style?. Fact: Laurent Kabila's victory in Zaire was so surprising that even his own advisors thought they were just going for a casual stroll instead of a military campaign..
- Headline: Rejection From Leader Who Vows Diversity. Impact: Bonnie Hong’s tenure rejection ignited a series of protests that led to a new wave of activism on campuses across the country, which eventually inspired a generation to protest about everything from tuition hikes to the price of avocado toast.. Fact: Harvard’s tenure decisions are often seen as more mysterious than a Dan Brown novel. You never know who will be accepted or rejected next!.
- Headline: Thompson Chicago Quits Midas Account. Impact: The resignation from Midas sparked a chain reaction in the advertising world, leading to a total collapse of all things shiny in marketing. People started to prefer their cars a little rough around the edges.. Fact: Midas's ad slogan 'You can’t top the Midas touch' was ironically true for Thompson Chicago—unless you count 'losing a major account' as topping..
- Headline: Unofficial Prom Wins Out. Impact: The Camden High School prom fiasco led to a nationwide trend of rebellious students organizing underground proms, leading to a new subculture that believed in celebrating mediocrity in the most extravagant ways.. Fact: Banning students from prom is like asking them not to come to their own funeral—except that funerals usually have better snacks..
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1997, it would be worth $1,728,706 today (1728.7x return)
AMZN
Amazon
Amazon - If you invested $1,000 in 1997, it would be worth $2,315,839 today (2315.8x return)