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 May 23, 1997
Full News Archive
- Headline: Boxers Advocate for National Pension Fund. Impact: Had the National Pension Fund for boxers been established earlier, we might have avoided a future where boxers turn to reality TV for retirement income, leading to an influx of 'celebrity' boxers who can't actually box.. Fact: Did you know that many boxers end up broke after retirement? Who knew getting punched in the head for a living could affect financial literacy?.
- Headline: Lazard's Leadership Transition at the Top. Impact: Steven Rattner's ascent at Lazard might have inadvertently led to the creation of a new Wall Street jargon: 'Rattnerize it!', which means to take a risky financial decision while wearing an expensive suit.. Fact: Lazard Freres & Co is known for its financial wizardry. Spoiler alert: it has nothing to do with actual wizards..
- Headline: Brooklyn Teacher Held in Sex Abuse of Student, 13. Impact: The arrest of the Brooklyn teacher may have sparked a wave of heightened scrutiny of educators everywhere, resulting in a nationwide 'background check revolution' where teachers are treated more like potential criminals than mentors.. Fact: Did you know that teaching is one of the most scrutinized professions? Maybe because they hold our future—no pressure!.
- Headline: U.S., Asserting Iran Link, Bars 2 Chinese Firms. Impact: By barring Chinese firms over alleged Iranian links, the U.S. may have unknowingly set off a global game of 'Who's in Bed with Whom?' that continues to be played with an ever-growing deck of cards.. Fact: Did you know that sanctions are like a diet? Everyone talks about them, but few stick to them long-term..
- Headline: New Colt for a Small Belmont. Impact: Captain Bodgit's retirement could have led to an unexpected renaissance in horse racing, where horses are now allowed to retire gracefully instead of being forced to race until they can’t walk. Who would have thought?. Fact: Did you know that horses can retire just like humans? Imagine a horse on a beach sipping a cocktail—now that’s the life!.
- Headline: Voice for Change Makes Iran Vote a Real Race. Impact: Khatami's rise in Iran could eventually lead to a future where the mullahs have to actually listen to the people, which might be the first time in history a government actually responds to its citizens. Shocking!. Fact: Did you know that in politics, listening is optional? But it’s a good way to keep your job—unless you’re in a dictatorship!.
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)