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HEADLINES ON July 7, 1931
Full News Archive
- Headline: ROOSEVELT ASSAILS '10-LAYER' TAX LOAD AS OUTWORN RELIC; Governor, in Virginia Institute Speech, Lays Excess to 'Too Much Local Government.' URGES MODERN REMOLDING He Calls for Reducing and Simplifying Forms of 'Ox-Cart Age' to Meet Changed Conditions. FOR PLANNING BY STATES Opposing Any "Federal Yardstick," He Advocates "Jeffersonian" Way to Readjust Country for Future. Multiplicity of Government Units. ROOSEVELT ASSAILS '10-LAYER' TAX LOAD Looks to "Rural Industrialists." His "Future" Hailed By Pollard.. Impact: Roosevelt's critique on taxes led to a never-ending debate about tax reform, which now includes endless talk shows where politicians argue about the best way to tax your coffee. Enjoy your morning brew with a sprinkle of political drama!. Fact: Did you know that the only thing heavier than a 10-layer tax load is the burden of listening to politicians argue about it?.
- Headline: C.E. Hughes Jr. Named Bar Referee. Impact: Hughes' appointment as referee opened the floodgates for lawyers to 'play nice'βa concept that remains utterly foreign in courtrooms today. Let's just say, if lawyers were any more friendly, they might as well be hosting a tea party.. Fact: Did you know that being a bar referee means you get to witness lawyers argue over who gets the last donut in the break room? Riveting stuff!.
- Headline: HOWELL OPERATED ON.; Nebraska Senator's Condition Is Reported Favorable.. Impact: Senator Howell's favorable outcome inspired a slew of politicians to undergo surgery, leading to the infamous 'politician facelift' trend. Now they all look perpetually surprised, and not just by their own policies.. Fact: Did you know that the last time politicians had a favorable condition, it was probably during their last election campaign?.
- Headline: FREED IN WHIPPING OF SON.; Policewoman Was Accused of Simple Assault on "Bad Boy.". Impact: This case prompted a national conversation about parenting styles, leading to the infamous rise of 'helicopter parenting.' Thanks to this incident, we now have parents who hover over their children like drones in a movie.. Fact: Did you know that 'bad boys' and 'good boys' might just be terms created by parents trying to avoid a trip to the grocery store?.
- Headline: $5,000 FINE IMPOSED ON CORN PRODUCTS CO.; Refiners Admit Sale of Sugar to Defendants in Dry Law Conspiracy Case.. Impact: The fine caused a ripple effect, leading to countless companies trying to hide their 'sugar' habits. This, in turn, inspired the creation of secret code words for sugar, like 'corn syrup.' It's basically the spy movie of the food industry.. Fact: Did you know that sugar is often more addictive than love? Just ask anyone trying to quit sweetsβthey'll tell you about their 'sweet' struggles!.
- Headline: CHASE OPTIMISTIC ON DEBT; Canon Says He Has No Fear of His Church Being Closed.. Impact: Chase's optimism about church debt led to a surge in congregational bake sales, which paved the way for the modern church coffee shop. Because nothing says 'salvation' like overpriced lattes!. Fact: Did you know that the last time someone was optimistic about debt, they probably ended up choosing a life of penance in a math class?.
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1931, it would be worth $586,657 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1931, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1931, it would be worth $487,500 today (487.5x return)