APRIL 23, 1938

Full News Archive

• Headline: Life Annuity for War Writer's Widow. Impact: The decision to grant a life annuity to the widow of a war writer inadvertently inspired a wave of writers to pen exaggerated tales of heroism, leading to an entire genre of war fiction that eventually fueled blockbuster movies. Who knew a widow's fund could lead to Hollywood's obsession with explosions?. Fact: The Associated Press has been known to vote on many things, but I bet they never expected their charity work would lead to a multi-million dollar film industry. Talk about unintended consequences!.
• Headline: Dr. Leach Receives St. Olaf Award. Impact: Dr. Leach's award ceremony sparked a long-standing tradition of academic awards that eventually led to the creation of 'The Most Awkward Doctor' award, celebrated annually by medical students worldwide. Because nothing says 'I care' like an awkward trophy!. Fact: The St. Olaf Award was originally meant to recognize excellence, but over the years it evolved into a competition over who can make the best awkward acceptance speech.
• Headline: RYDER CUP CAPTAIN WINS; Charles Whitcombe, British Ace, Takes $5,000 Tourney. Impact: Whitcombe's victory in the Ryder Cup led to an influx of amateur golfers believing they could achieve the same glory, resulting in a global rise in golf-related injuries. Doctors now recommend protective gear for all weekend warriors!. Fact: For every professional golfer, there are approximately ten thousand who believe they can join their ranks after a couple of beers. Cheers to optimism!.
• Headline: RATES ARE SLASHED; Maximum on Retained Profits Cut From 32.4 P. C. to 19 P. C. ASSET GAINS RECLASSIFIED ' Long-Term' Deals, Covering 18 Months or More, Taxed at Flat 20 P. C. or Less Law Limited to Two Years Corporate Tax Summarized CONFEREES REACH TAX COMPROMISESE How the Groups Voted Held Triumph for Senate Doughton Hails Bill. Impact: The tax rate reductions led to an unexpected boom in corporate loophole consultants, who emerged as the unsung heroes of the tax system. Today, they’re the lifeline for corporations looking to dodge taxes while still looking philanthropic!. Fact: If you put all the tax loopholes in a row, you'd have a line longer than the ones at the DMV, and just about as confusing!.
• Headline: UTILITY UNIT REGISTERS; Cities Service Subsidiary Acts Under Holding Company Law. Impact: The registration of the utility subsidiary led to a series of increasingly complicated corporate structures that eventually resulted in what we now call 'the modern corporate labyrinth'. Good luck finding your way out of that one!. Fact: The term 'holding company' sounds fancy, but it mostly just means someone is holding onto something they probably forgot they owned. Kind of like that old bike in your garage!.
• Headline: REV. ADRIEN G. MORICE; Oblate Priest and a Historian of Western Canada. Impact: Rev. Morice’s historical works influenced the way future generations viewed Canadian history, inadvertently sparking a national identity crisis that made Canadians much more aware of their love for maple syrup and hockey. Fact: Historically, maple syrup was once considered a form of currency in Canada. So technically, you could say that Canada was built on sweet, sticky money!.