Breakthroughs and everyday innovations from the year.
HEADLINES ON May 29, 1998
Full News Archive
- Headline: Claudio Reyna's World Cup Journey. Impact: Claudio Reyna’s rise to playmaker status inspired a new generation of American soccer players, who now believe that if you wait long enough, you can become a star—just like how you can wait for your pizza delivery and still end up starving.. Fact: Claudio Reyna's middle name is 'The Future of American Soccer.' Okay, I made that up, but it could’ve been true!.
- Headline: Leadership Shakeup at Touchstone Pictures. Impact: DeLine's resignation kicked off a series of events that led Disney to realize they could just recycle old movies instead of hiring new talent, thus birthing the endless cycle of live-action remakes we know and don't love today.. Fact: Touchstone Pictures was originally going to be called 'Mediocre Productions' but they thought it lacked pizzazz..
- Headline: Waiting to Derail: A Cheerleader's Fall and Rise. Impact: The cheerleader's fall and rise inspired a new reality TV show format. Now, young women across America are falling just to get a shot at fame and a TikTok endorsement deal.. Fact: In the cheerleading world, a fall often means a rise—much like my bank account every time I forget to pay my taxes..
- Headline: After the Drilling: Martinez Pays, Benitez Walks. Impact: The unfair suspension of Benitez inadvertently led to a new wave of baseball players adopting the 'hit first, ask questions later' strategy. This gave rise to the 'unwritten rules of baseball'—which are just as confusing as a calculus exam.. Fact: Baseball is the only sport where you can get suspended for throwing a ball at someone. In football, that’s just called 'tackling.'.
- Headline: Economy Brisk, But Data Offer Some Cautions. Impact: The mixed economic signals caused by the GDP report led to a generation of economists who now believe that predicting the economy is just as reliable as flipping a coin—especially when it lands on its edge.. Fact: The phrase 'economy is brisk' was actually coined during a particularly enthusiastic stock market meeting where everyone had too much coffee..
- Headline: Market Place; Late but Emphatic, Asia's Woes Reach Latin America. Impact: Asia's economic woes reaching Latin America created a global game of 'pass the economic buck,' where every country pointed fingers at each other while their markets crumbled like stale bread.. Fact: The term 'global economy' was initially a euphemism for 'we're all in this together, but really, I’m just looking out for myself.'.
- Headline: Her Mouth Is Poison, and Her Heart Is Fool's Gold. Impact: The scandal involving the half-sister's betrayal inspired countless reality shows about family drama, leading future generations to believe that stealing money and lovers was a rite of passage.. Fact: The phrase 'blood is thicker than water' was initially meant to include a footnote about personal finance and relationship advice..
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)