Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON January 12, 1998
Full News Archive
- Headline: Disney Consolidates Music Operations Leadership. Impact: Bob Cavallo's ascension to chairman led to a chain reaction where Disney's musical decisions influenced pop culture so much that karaoke machines became a global phenomenon, resulting in countless off-key performances and a rise in earplug sales.. Fact: Did you know that Bob Cavallo once tried to convince Mickey Mouse to cut a rap album? Spoiler: Mickey declined..
- Headline: College Freshmen Aiming For High Marks in Income. Impact: This obsession with wealth led to a future where college students now measure success by their Instagram followers rather than their actual philosophical insights, resulting in a generation that can quote Plato but prefers to post selfies.. Fact: Interestingly, 'being well off' was once just a nice way of saying 'I want to be a millionaire,' but now it also includes 'and I want a yacht.'.
- Headline: An Ice-Bound Region Struggles to Recover. Impact: The ice storm's devastation prompted a future where weather forecasts became a form of entertainment, leading to the rise of reality shows where meteorologists must survive extreme weather conditions to 'earn their stripes.'. Fact: Did you know that one of the towns affected by the storm briefly considered hiring penguins as mascots to boost morale? They figured if the ice could entertain, why not?.
- Headline: 2 Agencies to Focus On Direct Marketing. Impact: The focus on direct marketing led to an explosion of targeted ads, resulting in a dystopian future where everyone receives personalized ads for products they didn't know they needed, including a toaster that also plays podcasts.. Fact: Fun fact: The first direct mail campaign was sent out using carrier pigeons, but they were terrible at targeting and just delivered junk mail to the wrong houses..
- Headline: Clinton to Require State Efforts to Cut Drug Use in Prisons. Impact: Clinton's drug policy shifted the entire conversation about prison reform in such a way that it eventually led to a bizarre future where inmates were actually consulted for their opinions on jazz music for rehabilitation programs.. Fact: Did you know that some prisons now host jazz nights? Apparently, nothing says 'rehabilitation' quite like a saxophone solo in a cell block..
- Headline: A dozen advertising executives are seeking new agencies and new opportunities to start the year.. Impact: When advertising executives started switching agencies, it initiated a chain reaction of brand identity crises, leading to a bizarre future where companies rebranded themselves every month to keep up with trends, confusing consumers everywhere.. Fact: Did you know that the term 'agency hopping' originated from these executives? They were just trying to find a place where the coffee was better..
- Headline: This Week. Impact: Stan Rubin’s jazz concert at Carnegie Hall reignited interest in live music, eventually sparking a renaissance of jazz cafes across the globe, where hipsters now gather to sip overpriced coffee while pretending to appreciate improvisation.. Fact: Did you know that the first jazz concert at Carnegie Hall was attended by a raccoon? It was a big deal at the time—raccoons were the original hipsters..
Wall Street Time Machine
AAPL
Apple
Apple - If you invested $1,000 in 1998, it would be worth $2,234,025 today (2234.0x return)
AMZN
Amazon
Amazon - If you invested $1,000 in 1998, it would be worth $914,661 today (914.7x return)