It's May 7, 1997 All Over Again
The markets took another tumble today with the Dow dropping 250 points to close at its lowest point since May 7, 1997. You remember May 7, 1997, don't you? No? Rudy Giuliani was trying to push through a round of tax cuts, Garry Kasparov was facing off against Deep Blue, Oklahoma City bomber Tim McVeigh was still in the news, Ellen DeGeneres' coming-out was generating controversy, Hanson was still worthy of 1,200 words in the Times, and architects were dreaming about "a cook's cosmopolis" called the Chelsea Market, which would supply the epicure with "everything from lobsters to dairy-fresh milk in a series of deli-size storefronts." Yea, it was a really long time ago. [CNN]