Breakthroughs and everyday innovations from the year.
HEADLINES ON April 9, 1998
Full News Archive
- Headline: Mary Bono Wins Special Election in Congress. Impact: Mary Bono's rise to Congress made it socially acceptable for widows to take over political seats, leading to a surge in political dynasties where relatives step in to keep the family name alive. Eventually, we got reality stars running for office. Thanks, Mary!. Fact: Did you know that Sonny Bono was a former pop star? Seems like the apple didn't fall far from the tree—political fame is just another stage for the family show!.
- Headline: The Evolution of Joystick Technology. Impact: The rapid evolution of joysticks contributed to the rise of esports and gaming culture, which in turn led to today's generation thinking they can become millionaires by playing video games. Good luck explaining that to your parents!. Fact: Did you know that the joystick was originally invented for flying planes? So, when you crash your game, just remember it was meant for something much more important—like not plummeting to your death!.
- Headline: Departures Spur Lazard Freres To Remake Itself. Impact: Lazard Freres' attempts to act like a 'normal' bank paved the way for financial institutions to adopt more bureaucratic practices, which, in the long run, led to the lovely financial crisis we all enjoyed a decade later. Thanks for that!. Fact: Did you know that investment banking is just like high school cliques? The more exclusive you are, the more you can charge for your prom tickets—err, I mean, financial advice!.
- Headline: Versatile System Aims to Teach Cooking in the Kitchen. Impact: The Kitchen Coach might have saved countless families from the horrors of frozen dinners, but it also led to a generation of people who think cooking is just pressing buttons. Welcome to the age of culinary shortcuts!. Fact: Did you know that the Kitchen Coach was just a precursor to influencers teaching you how to cook via TikTok? We went from video disks to instant gratification faster than you can say 'burnt toast.'.
- Headline: California Voters Face New Canvas for Electoral Politics. Impact: California's blanket primary system opened the floodgates for political chaos, allowing anyone with a name to run for office. This set a precedent that would eventually lead us to 'The Apprentice' and other reality political spectacles. Thanks, California!. Fact: Did you know this blanket primary idea was actually a way to make voting feel like a buffet? Who knew politics could be so appetizing, even if the choices are often stale?.
- Headline: Indians Striving to Save Their Languages. Impact: The efforts of Indigenous people to preserve their languages sparked a revival in cultural pride and awareness, showing that even in oppression, the human spirit can thrive. One small step for languages, one giant leap for cultural heritage!. Fact: Did you know that there are more than 300 Native American languages? That's a lot of 'lost in translation' moments waiting to happen!.
- Headline: Irabu and Curtis Keep Yanks From Sinking in West. Impact: The Yankees' narrow win against the Mariners helped to solidify their reputation as a team that thrives under pressure, which led to the purchase of many overpriced Yankees jerseys. Because who doesn't want to pay to root for the 'rich kids' of baseball?. Fact: Did you know that the Yankees have more championships than most countries have in total? Talk about a winning streak—it's practically a monopoly!.
- Headline: Turf; The Agent as Hot Property. Impact: The rise of celebrity real estate agents transformed the housing market into a media circus, paving the way for people to sell homes based on Instagram followers instead of actual experience. Welcome to the era of real estate influencers!. Fact: Did you know the term 'brokerati' sounds like a fancy pasta dish? If only that were true, then at least we'd have something delicious to consume while watching these agents sell dreams!.
- Headline: IN YANKEE STADIUM WITH -- Dan Cunningham; Cleats, Squirts and Other Lawn Indignities. Impact: Dan Cunningham's meticulous lawn care at Yankee Stadium became a case study in how important aesthetics are in sports, influencing teams worldwide to invest in their turf. Who knew grass could be so vital to the game?. Fact: Did you know that a perfectly manicured lawn is more important than the players' performance? At least that's how it feels when the groundskeeper gets more airtime than the actual athletes!.
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)