Breakthroughs and everyday innovations from the year.
The Sounds of
The biggest hits of the year — Top 10 Pop & Country chart toppers
HEADLINES ON July 20, 1998
Full News Archive
- Headline: Newark's Property Tax Crisis Explained. Impact: The property tax crisis in Newark led to a series of ill-fated economic policies that inspired a nationwide movement for tax reform, inadvertently causing a few small towns to declare bankruptcy while simultaneously boosting the popularity of Monopoly in board game sales.. Fact: Did you know that the last full property revaluation in 1961 coincided with the launch of the hula hoop? Clearly, both were equally effective at getting people to spin around in circles..
- Headline: Tensions Rise Over Campaign Finance Reform. Impact: The heated debate over campaign finance reform inspired lawmakers to invent a new sport called 'Political Bloodsport,' where congressional members engage in symbolic duels—no actual blood drawn, just a lot of paper cuts from proposals.. Fact: Did you know that the phrase 'drawing blood' in politics has never actually resulted in a single drop of blood? It’s more of a metaphorical sport, like competitive debating, but way less exciting..
- Headline: Europe Rejects Genetically Altered Foods. Impact: Europe's rejection of genetically altered food sparked a global renaissance in organic farming, leading to a massive trend in farmers' markets worldwide, where hipsters now spend their weekends discussing the ethical implications of quinoa.. Fact: Did you know that the greatest revolution in organic food came from a continent that once fought over whether to put mayonnaise on fries? Talk about culinary evolution!.
- Headline: As Passenger Injuries Rise, Changes Are Urged to Taxicab Partitions. Impact: The rise in passenger injuries from taxicab partitions led to a surge in the popularity of Uber, which not only changed the transportation landscape but also made it socially acceptable to share a ride with strangers—while ignoring their terrible music choices.. Fact: Did you know that the bulletproof partitions were meant to protect drivers? Turns out they were just a fancy way of saying, 'Your ride may be bumpy, but at least you won’t get shot.'.
- Headline: Wind Slows Jones, but She Dominates Goodwill's 100 Field. Impact: Marion Jones' dominance at the Goodwill Games inspired countless motivational posters, leading to an explosion of inspirational quotes on social media, most of which are now attributed to people who never actually said them.. Fact: Did you know that Marion Jones ran a 10.90 second 100m? That’s faster than most people can decide what to binge-watch on Netflix..
- Headline: Political Briefing; A Fast-Track Battle Of a Different Kind. Impact: The closely watched House race in Kentucky became the template for future political campaigns, leading to a reality show called 'Congressional Survivor,' where candidates are voted off based on their ability to avoid answering questions.. Fact: Did you know that political races are the only competitions where the winners get to claim they 'represent the people' while doing everything in their power to avoid actually meeting them?.
- Headline: Road Trip Robs Yanks Of Their Usual Gusto. Impact: The Blue Jays' victory over the Yankees sparked a fan feud that created a new breed of baseball fanatic—one who insists on taking statistics way too seriously, leading to awkward dinner conversations.. Fact: Did you know that a 9-3 loss is statistically better than losing 10-0? So, congratulations Yankees, you’re still technically in the game... sort of..
- Headline: At a Scandal-Tainted Precinct, A History of Prominent Leaders. Impact: The scandal at the Midtown South precinct revealed systemic issues in law enforcement that inspired a wave of police reforms, while simultaneously launching a new genre of true crime podcasts that left everyone wondering if they could do a better job themselves.. Fact: Did you know that scandals in law enforcement have been around longer than actual law enforcement itself? It’s almost like they’re a prerequisite for the job..
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)