1991: The New York Times notes that "a massive realignment of forces" in the computer industry "could pose a severe challenge to Microsoft's hegemony." "Our belief is that Microsoft has peaked," declares George Colony, head of Forrester Research, the prestigious firm that studies trends in the computer business. "I think Microsoft will be a big, struggling company in two years."

The New York Times, August 4, 1991, Section 3, p. 1.

1930: Michael J. Cullen, the son of Irish immigrants, is fed up with his inability to persuade his bosses — first at the A&P, then at Kroger — that grocery shoppers will serve themselves if someone builds a bright, roomy, organized store offering everyday goods at low prices. So he leases a garage on Jamaica Avenue in Queens, N.Y. and opens his first King Kullen store. He calls it a "supermarket," one of the nation's first — and it is a smash hit, as people drive from miles around for the new shopping experience.

1790: Congress enacts Alexander Hamilton's plan to fund the public debt, ending years of turmoil and haggling over the junk bonds issued by the federal and state governments during the Revolution, making government spending possible, and giving birth to the American securities markets.

William G. Anderson, The Price of Liberty: The Public Debt of the American Revolution (Univ. Press of Virginia, Charlottesville, VA, 1983), p. 50.