Breakthroughs and everyday innovations from the year.
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The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON May 19, 1998
Full News Archive
- Headline: Reducing Light Pollution in TriBeCa. Impact: The decision to dim the neon umbrella inadvertently paved the way for the rise of hip, low-light cafes, where patrons could enjoy overpriced coffee in an ambiance reminiscent of an industrial wasteland. Thanks, TriBeCa!. Fact: Fun fact: Neon signs have been around since the 1920s. So, dimming them doesn’t just save energy; it also makes hipsters feel better about their choice of 'vintage' decor..
- Headline: New Leadership in Hotel Workers Union. Impact: By electing Wilhelm, the hotel workers inadvertently set off a wave of unionization efforts across various service industries, leading to the creation of the world's first 'Unionized Coffee Shop' where baristas demanded fair wages and free Wi-Fi. Revolution, anyone?. Fact: Did you know that the first labor union in the United States was formed in 1794? It took us over 200 years to realize that organizing might be a good idea!.
- Headline: Genetically Altered Virus Kills Some Cancer Cells in Tests. Impact: This breakthrough in cancer treatment led to a bizarre trend where people started naming their pets after the genetically altered virus, believing it brought good luck. 'Meet my dog, Viro' became a common introduction at dog parks.. Fact: Did you know that cancer treatments have advanced so much that in the future, cats will be the ones giving health advice? I guess they finally found something to do other than napping..
- Headline: THE MARKETS: Market Place; Ann Taylor has big plans and investors have high hopes. But more housekeeping seems in order.. Impact: Ann Taylor's ambitious plans led to a fashion revolution where everyone, regardless of gender, suddenly felt the need to don chic, overpriced blazers and ankle pants, leading to a nationwide trench coat shortage. Truly a fabric crisis!. Fact: Fun fact: Ann Taylor was founded in 1954 and was named after a fictional character. Because nothing says 'trustworthy fashion' like a made-up person!.
- Headline: Divided Senate Begins Debate on Tobacco Legislation. Impact: The debate on tobacco legislation resulted in a series of bizarre anti-smoking campaigns, including the infamous 'Cigarettes Are So Last Century' ads that confused more people than they helped. Who knew marketing could be this convoluted?. Fact: Did you know that the first anti-smoking campaign was launched in 1964? Apparently, it took us a good 30 years to realize that smoking might not be the best idea!.
- Headline: Experts Greet India's H-Bomb With Suspicion. Impact: India's hydrogen bomb claim triggered an arms race that resulted in a series of increasingly ridiculous weapons, including the infamous 'Ninja Rocket' and the 'Invisible Tank.' Because if you're going to have weapons, they might as well be cool.. Fact: Did you know that nuclear weapons were first developed during World War II? Talk about a glow-up for the ultimate destructive power!.
- Headline: President Tentatively Settles On a Choice to Head F.D.A.. Impact: By tentatively choosing Dr. Henney, the administration inadvertently set the stage for the FDA to become a reality show star, where reality stars would judge food and drug safety. Tune in next week for 'The Real FDA Wives!'. Fact: Did you know that the FDA was established in 1906? It's been keeping an eye on our food long before Instagram influencers made it cool!.
- Headline: Satellite Maker Gave Report to China Before Telling U.S.. Impact: This report to China ignited a chain reaction of mistrust that led to the rise of conspiracy theories involving satellite technology, resulting in a popular 'Space Conspiracy' podcast that took the internet by storm. Who knew space could be so scandalous?. Fact: Did you know that the first satellite, Sputnik, was launched in 1957? Just imagine the conspiracy theories that would have emerged if Twitter had existed back then!.
- Headline: Bipartisan Plan for Rescue of Social Security Involves Markets and Retirement at 70. Impact: The bipartisan plan for Social Security set off a wave of debates about retirement that left many people convinced they could retire in a tropical paradise at 30, despite the actual age being pushed to 70. Thanks, politicians!. Fact: Did you know that Social Security was introduced in 1935? It’s been a rollercoaster ride ever since, and not the fun kind!.
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)