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 4, 1998
Full News Archive
- Headline: U.S. Government's Dependency on Microsoft Grows. Impact: This dependency on Microsoft led to the creation of a secret society of software developers who vowed to liberate government agencies from the clutches of 'the big M'—but alas, they only ended up creating a mediocre open-source alternative nobody uses.. Fact: Did you know that 'antitrust' is just a fancy word for 'we like to complain while still using your products'?.
- Headline: Cocoa Crisis: A Call for Sustainability. Impact: The impending chocolate shortage prompted a global movement where people hoarded chocolate bars, leading to a new currency: cocoa beans. The world economy nearly collapsed when people started trading chocolate for essential goods.. Fact: Did you know that if you eat chocolate while reading this, you’re technically saving the planet? You're welcome..
- Headline: Gore's Push for Peace in the Mideast. Impact: Gore's attempts to mediate resulted in a long-running tradition of politicians visiting the Mideast to shake hands and take selfies, ultimately leading to the rise of the hashtag #PeaceIsHard.. Fact: Did you know that 'prodding' is actually a diplomatic term for 'nagging until they agree'?.
- Headline: Gates to Sell 1 Million Shares of Microsoft. Impact: This sale was a pivotal moment that sent Wall Street into a frenzy, causing a butterfly effect where every tech CEO suddenly believed they could sell shares without consequence—spoiler: they couldn't.. Fact: Did you know that selling a million shares is Bill Gates' way of saying, 'I'm still rich, but I have the emotional attachment of a cat to a cardboard box'?.
- Headline: Agencies Make Moves On Interactive Front. Impact: This sparked a thrilling race among agencies to create the most obnoxious pop-up ads, which ultimately led to the invention of the 'skip ad' button—and the collective sigh of relief from internet users everywhere.. Fact: Did you know that 'interactive' just means 'we'll annoy you in more ways than one'?.
- Headline: U.S. Pessimistic Before Middle East Talks. Impact: This pessimism became a self-fulfilling prophecy, leading to a cycle of meetings where everyone shook hands but no one left with solutions, ensuring that future diplomats would become champions of small talk.. Fact: Did you know that pessimism in diplomacy is basically code for 'let’s keep talking while achieving nothing'?.
- Headline: G.O.P. Leader Is Under Attack In Tape Release. Impact: This incident triggered a wave of political tapes being released, leading to the modern era of political scandals where everyone is a suspect and no one can trust their voice recordings.. Fact: Did you know that tape recordings were once considered a reliable source of information? Now they’re just a recipe for disaster..
- Headline: Behind I.R.S. Hearings, a G.O.P. Plan to End Tax Code. Impact: This plan sparked a nationwide debate that ultimately resulted in a new tax code so complex it required a PhD to comprehend, leading to a rise in tax-related anxiety and a thriving market for tax advisors.. Fact: Did you know that the tax code is the only thing more convoluted than a plot twist in a soap opera?.
- Headline: Lou Cioffi, 72, Dies; Veteran Journalist. Impact: Cioffi's passing marked the end of an era in journalism, reminding everyone that with each loss, the profession loses a bit of its integrity, leaving only sensational headlines behind.. Fact: Did you know that journalism has been in a state of crisis since the dawn of sensationalism? Cioffi was one of the last to fight the good fight..
- Headline: Staying Serene Under Pressure, the Knicks Oust Miami. Impact: This victory sparked a delusion among Knicks fans that they might be contenders, which led to a decade of disappointment and the invention of the phrase 'next year is our year.'. Fact: Did you know that 'serene under pressure' is just a euphemism for 'we're really good at not losing our minds when losing'?.
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)