Breakthroughs and everyday innovations from the year.
HEADLINES ON June 29, 1998
Full News Archive
- Headline: AT&T's Bold Acquisition Defense. Impact: This deal set off a chain reaction that led to the rise of telecommunications giants. If AT&T hadn't defended their acquisition, their stock might not have plummeted, and who knows, we might all be using carrier pigeons for our calls instead.. Fact: Did you know that AT&T's original name was the American Telephone and Telegraph Company? Because who wouldn't want their phone service to sound like the most boring company ever?.
- Headline: Jersey City Library Management Debate. Impact: The decision to privatize libraries led to a future where book lovers had to sneak around to read, creating an underground society of bibliophiles. Who knew the Dewey Decimal System would be the root of all rebellion?. Fact: Fun fact: Libraries used to be places where people actually borrowed books, not just Wi-Fi passwords..
- Headline: Friend Says Lewinsky Spoke of Relationship. Impact: This revelation set off a media frenzy that would redefine political scandals. Had it never surfaced, we might have lived in a world where politicians had a semblance of privacy. What a boring timeline that would have been!. Fact: Monica Lewinsky became a cultural phenomenon, proving that one scandal can overshadow an entire presidency and then lead to a career in public speaking. Talk about a plot twist!.
- Headline: At CBS News, Win a Few and Lose a Few. Impact: This constant juggling of ratings and prestige at CBS News set a precedent for news outlets everywhere to chase the latest viral trend. Now we're left with endless cat videos and hot takes on breakfast cereals.. Fact: CBS has had its fair share of ups and downs, much like a soap opera, but with fewer dramatic pauses and more breaking news alerts..
- Headline: Cocky G.O.P. Class of '94 Takes Note as Star Fades. Impact: The defeat of a Republican star in '94 sent shockwaves through the party, leading to a future where political overconfidence became a cautionary tale. It's like watching a reality show where the main character gets voted off the island.. Fact: The '94 class was so cocky they probably thought they could win an election by just showing up. Spoiler alert: they couldn't..
- Headline: Sports of The Times; Welcome to the Flushing Zoo. Impact: This emotional series between the Yankees and Mets ignited a rivalry that would echo through the ages. If the Mets had won, we might be discussing the Flushing Zoo as a place where New Yorkers went to watch winning teams instead.. Fact: The Yankees have been known as the 'Evil Empire' for their winning ways. I guess the Mets just forgot to wear their capes..
- Headline: EPIDEMIC OF SILENCE: A special report.; Eyes Shut, Black America Is Being Ravaged by AIDS. Impact: This stark report shone a light on the AIDS crisis in the Black community, pushing for awareness and action. If it hadn't been published, the silence might have lasted longer, exacerbating the epidemic's devastating effects.. Fact: The AIDS epidemic has claimed countless lives, and the fight for awareness and treatment continues. It's a tragic reminder that silence can be deadly..
- Headline: Though Set Free, Susan McDougal Remains Fettered. Impact: McDougal's legal troubles became emblematic of the scandals surrounding the Whitewater investigation. Had she not been charged, we might have had a much less interesting chapter in American political history.. Fact: Susan McDougal's saga was so convoluted it could be a plotline in a legal thriller, proving that sometimes reality is stranger than fiction..
- Headline: Five Thousand Years of Fortitude for a Suburban Family. Impact: The performance of Wilder's play might have inspired a generation of playwrights, leading to a future where suburban families are the subjects of endless dramas. Thanks, Thornton Wilder, for giving us more family therapy sessions!. Fact: The Skin of Our Teeth has been performed countless times, proving that even after 5,000 years, families are still as dysfunctional as ever!.
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)