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 June 5, 1998
Full News Archive
- Headline: Major Movie Studios Cut Production. Impact: By cutting back on movie production, both studios inadvertently paved the way for a wave of indie films that would one day confuse audiences with their art-house pretentiousness. Who knew a handful of big studios could unleash a tidal wave of hipster directors?. Fact: Did you know that reducing movie production led to the rise of streaming services? Because apparently, people really wanted to watch what they missed on Netflix instead of going outside..
- Headline: My Lai Massacre's Key Figure Passes Away. Impact: Oran Henderson's death could serve as a reminder that the consequences of war linger long after the last shot is fired. His acquittal opened a Pandora's box of military accountability that still echoes in courtrooms today, leaving many to wonder if justice ever truly served.. Fact: Did you know that the My Lai Massacre is often cited as a turning point in U.S. public opinion on the Vietnam War? Sometimes, it takes tragedy to force us to reconsider our choices..
- Headline: Mets Trade for Hideo Nomo. Impact: The trade that brought Hideo Nomo to the Mets sparked a frenzy in baseball that would lead to an influx of international players, forever changing the landscape of America's pastime. Who knew one trade could lead to a global scouting network and a bazillion more baseball hats?. Fact: Did you know Hideo Nomo was nicknamed 'The Tornado'? Because, much like a tornado, he swept through the league and left everyone wondering how they just got blown away..
- Headline: Teaching Tolerance to Students; Wiesel Gives Personal Account of Holocaust's Horrors. Impact: Elie Wiesel's personal account of the Holocaust not only educated students but also inadvertently inspired generations to speak out against injustice. Imagine if we all took a page from his book—literally—how different could history look?. Fact: Did you know that Wiesel was a Holocaust survivor and a Nobel Laureate? Talk about a guy who had some serious stories to tell at dinner parties..
- Headline: Investors Aglow Over Entrepreneurs. Impact: European investors falling for entrepreneurs ushered in a tech boom that would lead to countless startups and the eventual rise of some of the most obnoxious billionaires of the 21st century. Who knew falling in love could be so financially disastrous?. Fact: Did you know that this 'historic switch' made tech conferences even more unbearable? Because nothing says innovation like a bunch of investors in overpriced suits trying to out-pitch each other..
- Headline: Shuttle Arrives at Mir to Retrieve American and Deliver Supplies. Impact: The Discovery shuttle's final mission to Mir not only concluded a chapter in space exploration but also symbolized the end of a cooperative era in U.S.-Russia space relations. This event was the cosmic equivalent of checking off a bucket list item before the friendship fizzled out.. Fact: Did you know that the Mir space station was operational for 15 years? That’s approximately 15 years of floating in space and wondering when Earth would stop being so complicated..
- Headline: JUSTICES REBUFF STARR'S REQUEST TO SPEED REVIEW. Impact: The Supreme Court's refusal to expedite Starr's review highlighted the lengths to which political figures would go to protect their secrets. This event could have set the stage for future political scandals, reminding everyone that the law doesn’t always play fair.. Fact: Did you know that the Supreme Court’s decisions are often more about politics than justice? Shocking, I know!.
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)