May 11, 1998
Gas cost $1.06 a gallon in the spring of 1998, and the Dow Jones stood at 9,181 — the nation's economy was running at full strength, with unemployment near a 28-year low and federal budget surpluses replacing the deficits of the previous decade. On the cultural side, "Titanic" had just swept the Oscars with 11 wins including Best Picture, and K-Ci & JoJo's "All My Life" was holding the top spot on the Billboard Hot 100. The Chicago Bulls defeated the Utah Jazz to claim their sixth NBA championship of the decade, while scientists made a landmark announcement that the universe is expanding at an accelerating rate — the first published evidence of its kind, reshaping a fundamental understanding of cosmology.
On the cover
Magazine Covers — May 11, 1998
NY Times Headlines — Week of May 11, 1998
U.S. Blundered On Intelligence, Officials Admit
Tenacious West Bank Settlers Await Fate In War Of Percent
Democrat Fund-Raiser Said To Detail China Tie
9 Palestinians Die In Protests Marking Israel'S Anniversary
How Chinese Won Rights To Launch Satellites For U.S.
World Events — May 1998
Time Person of the Year — 1998
On the radio
Billboard Charts — May 11, 1998
Grammy Awards
On the bookshelf
On the television
Nielsen Top 10 — 1997–98 Season
Emmy Winners — 1998
At the movies
Box Office & Oscar Winners — May 11, 1998
Ebert 4-Star Films — May 11, 1998
On the field
Sports Champions — May 11, 1998
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