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 December 16, 1997
Full News Archive
- Headline: Virgin Atlantic's Historic Airbus Order. Impact: The purchase of Airbus planes by Virgin Atlantic inadvertently sparked an airline arms race, leading to the absurd phenomenon of airlines competing over who could have the most colorful planes. This eventually resulted in a competition to create the first 'rainbow' airline, which ironically never took off due to budget cuts.. Fact: Did you know that while airlines spend billions on new planes, they still can't figure out how to keep your luggage from ending up in Timbuktu? Just a thought!.
- Headline: Louis Loss: Pioneer of Securities Law. Impact: Louis Loss's contributions to securities law have ripple effects that extend to today’s stock market fluctuations. If he hadn’t paved the way, we might still be trading stocks with little more than a handshake and a wink—talk about a recipe for disaster!. Fact: Did you know that the stock market has a better survival rate than many reality TV shows? At least it has rules, unlike 'Survivor'..
- Headline: Prosecutor Says French Balk at Seizing War Criminals in Bosnia. Impact: The prosecutor's frustration with French peacekeepers contributed to a long-standing stereotype about French bureaucracy, which in turn led to an increase in American tourists insisting they know how to 'do it better'—spoiler alert: they don't.. Fact: Did you know that the French have a word for everything, including the inability to arrest war criminals? It's called 'bureaucratie'..
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)