Breakthroughs and everyday innovations from the year.
HEADLINES ON June 19, 1998
Full News Archive
- Headline: New York's H.I.V. Tracking Legislation. Impact: The requirement for HIV tracking led to a series of increasingly invasive health laws, transforming public health into a reality TV show where everyone’s business is everyone’s business—surveillance state, here we come!. Fact: Did you know that asking people about their sexual partners became a government job? Who knew the job market could be this... personal?.
- Headline: Transformative Tale of Urban Lives. Impact: The egocentric bum’s transformation of a shy garbageman and his sister set off a chain reaction that led to a new genre of 'inspiring transformation' movies, where every loser becomes a hero. Thanks, Hollywood!. Fact: Fun fact: If you transform enough egocentric bums, you might just create a new superhero—'The Garbage Avenger!'.
- Headline: U.N. Warns Iraq on Sanctions Transparency. Impact: The Iraq secrecy situation spiraled into a full-blown game of diplomatic hide-and-seek, leading to endless sanctions and a love-hate relationship with international inspectors. Who knew paperwork could be so dangerous?. Fact: Did you know that withholding documents is basically the adult version of 'I’m not sharing my toys' on the playground?.
- Headline: NEW YORK ENLISTS PRIVATE SCHOOLS. Impact: The decision to enlist private schools set a precedent that led to a massive exodus from public institutions, birthing the 'elite private school' phenomenon where your kid’s worth is measured by their tuition—welcome to the education arms race!. Fact: Did you know that this was the beginning of the 'pre-kindergarten elite'? Because nothing says 'future success' like a $30,000 kindergarten!.
- Headline: Wild, Brutal Adolescents As Angels Among Sharks. Impact: The tale of a child-woman and a ferocious outsider inspired countless coming-of-age stories, leading to a cultural obsession with awkward romances and bad decisions—thanks a lot for that, 1960s naval base!. Fact: Did you know that 'child-woman' is not a recognized job title? But hey, in the 60s, anything was possible!.
- Headline: An Administration Report Finds Urban Improvement, but Hardly Fat City. Impact: Clinton's urban improvement report accidentally turned into a 'how to fix your city' manual, resulting in countless mayors trying to put a shiny coat of paint over the cracks—spoiler alert: it didn’t work.. Fact: Did you know that the term 'Fat City' does not refer to the residents but rather to the bureaucrats who love to throw money at problems instead of solving them?.
- Headline: Squeegee Man Gives Account Of Shooting by Police Officer. Impact: The squeegee man incident triggered a national debate about police accountability and urban safety, leading to a series of reforms that somehow still didn’t fix the core issues—go figure.. Fact: Did you know that in the grand scheme of things, being shot over a squeegee is probably not the best career move?.
- Headline: Plan to Sell Puerto Rico Phone Company Leads to Strike. Impact: The strike against the Puerto Rico Telephone Co sale ignited a fierce debate about privatization, leading to numerous labor movements and the birth of the phrase 'Can you hear me now?' in a much more serious context.. Fact: Did you know that this event was the precursor to countless debates about whether your phone company should be government-run or a corporate overlord?.
- Headline: China's Middle Class Savors Its New Wealth. Impact: China's middle class rise was the spark that ignited a global economic shift, leading to more luxury brands than you can shake a stick at—because who doesn’t want to show off their wealth?. Fact: Did you know that ten years ago, the Chinese middle class was basically a myth? Now they're everywhere, flaunting wealth like it's a new fashion trend!.
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)