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HEADLINES ON October 1, 1932
Full News Archive
- Headline: Mrs. Vare Advances to U.S. Golf Finals. Impact: Mrs. Vare's victory inspired a generation of female golfers, leading to an explosion of golf clubs being named after her. Ironically, many of these clubs have since been turned into luxury condo complexes. Thanks, Mrs. Vare!. Fact: Did you know Mrs. Vare's five championships led to the creation of a new golf term: 'Vare-ing your way to victory'βa phrase often used by golfers who can't putt but have a great driver?.
- Headline: Nickel Plate Note Default Emerges. Impact: The default sent shockwaves through the economy, leading to a series of financial crises that ultimately resulted in the invention of the term 'too big to fail'βbecause apparently, some folks think that applies only to banks.. Fact: Fun fact: the Nickel Plate Road default was so dramatic that it inspired a decade-long debate about the 'mystery of the missing $20 million,' which remains unsolvedβmuch like the mystery of why anyone thinks Congress can balance a budget..
- Headline: Changes in Reading Co. Leadership. Impact: The reshuffling of officers was like a corporate game of musical chairs, where the music never really stopped, and everyone pretended they were still in charge. It paved the way for a legacy of 'leadership' that involved more backroom deals than actual decision-making.. Fact: Did you know that Reading Co. officers have changed so frequently that if you put them all in a room, they'd need name tags just to remember who they are?.
- Headline: NAVY IS POWERFUL BUT INEXPERIENCED; Miller, Football Coach, Decidedly Optimistic Despite Loss of Nine Regulars. MUCH SPEED IN BACK FIELD Harbold and Murray Are Key Men on Sturdy Line -- Tackle Situation Provides Chief Problem.. Impact: This statement set off an unexpected chain reaction leading to a navy football dynastyβwhere inexperienced players somehow managed to win championships, proving that sheer optimism and a good pep talk can sometimes outweigh actual talent.. Fact: In the world of sports, it's widely accepted that optimism is just a fancy word for 'denial'βsomething that also applies to many of those Navy football games..
- Headline: PUT ON SPOT,' SAYS MAYOR; Tammany Backs Berry in Wresting Leadership From McKee. MAYOR CRITICIZES TACTICS Holds 5-Cent Fare Is in Peril Because of Rival's Policy on Long-Term Financing. COUP CREATES 3 FACTIONS Subway Financing and Pay Cuts at Stake -- Budget Now Can Be Drafted at Secret Sessions.. Impact: The political maneuvering led to the creation of a new faction, the 'I-Just-Want-To-Ride-My-Subway-Without-Paying-More-Than-5-Cents Party,' which, despite its name, never actually got off the ground.. Fact: If you think subway politics are messy now, just wait until you hear about the backdoor deals made over a 5-cent fareβit's basically the equivalent of trying to negotiate a car deal in a used car lot..
- Headline: Putting White Elephants to Work.. Impact: This initiative led to the idea that if you can't get rid of something useless, you might as well make it a part of the local economy. The 'white elephant' has since become a metaphor for government projects that go nowhere but still cost taxpayers a fortune.. Fact: The term 'white elephant' originally referred to actual elephants given to kingsβbecause who doesnβt want to deal with the upkeep of a giant, expensive pet?.
- Headline: COLLEAGUES TO HONOR NORWOOD AT FUNERAL i uuuuuuuuuu; Bisfiop Manning Will Off (date Today at St. Bartholomew'su Burial to Be in Nova Scotia.. Impact: Norwood's passing led to a greater appreciation for life and a surge in memorial services, ultimately culminating in the invention of the 'celebration of life'βbecause who wants to just mourn when you can throw a party?. Fact: Funeral services have become so elaborate that it's practically a competition to see who can make the best snacks. Welcome to the world of post-mortem potlucks!.
- Headline: RESTRICTS DEFENSE OF HAND PHONE FEE; Public Service Board Will Not Hear Evidence on Financial Structure of Company. MORE FRENCH SETS BROKEN Repair Costs Higher Than for Desk Kind, Official Testifies in Defense of 25c Rate. QUERIED ON 'HOWLING' ITEM City Counsel Asks if Term Covers "Howling by Subscribers" Over Monthly "Supercharge.". Impact: This hilarious back-and-forth about phone fees led to the establishment of future consumer rights movements, where people learned that howling about fees is a great way to get attentionβjust ask any online commenter.. Fact: Did you know that the term 'howling' in customer service often refers to the volume of complaints? Itβs not just about the phones; itβs also a soundtrack to every service call ever made..
- Headline: PLAY FOR BOSTON JOBLESS.; Copiey Theatre Entertains 980 Unemployed With Free Show.. Impact: This act of kindness sparked a trend of free entertainment for the unemployed, which later evolved into the concept of 'free samples'βbecause if you canβt afford a ticket, you might as well enjoy a free appetizer.. Fact: The last time a theater gave away free shows, it was so successful that they considered turning it into a weekly eventβuntil they realized that their actual audience would rather binge-watch Netflix..
- Headline: GOVERNOR PHONES LEADER; But McCooey Fails to Commit Himself on State Candidate. WALKER VIEWED AS THREAT City Organization Believed Not Seriously Intending to Run Him for Mayor Again. PATRONAGE IS KEY TO ROW Tammany Using Every Means to Bring Roosevelt to Terms in Case of His Election. ROOSEVELT PHONES M'COOEY ON LEHMAN. Impact: The political maneuvering here led to a series of backdoor alliances that would make any soap opera look tame, establishing a legacy of political drama that's still alive and well today.. Fact: Did you know that political phone calls are the original spam? You can thank McCooey for the rise of unsolicited calls that haunt voters to this very day..
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1932, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1932, it would be worth $487,500 today (487.5x return)