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HEADLINES ON July 23, 1938
Full News Archive
- Headline: Gambling Raid Leads to Arraignment. Impact: The arraignment of these 13 individuals led to an underground betting operation that inadvertently funded a local bakery. Fast forward, and today, that bakery is the leading supplier of gluten-free pastries, which are now the only thing keeping the town's economy afloat.. Fact: Gambling laws have been around since the ancient Greeks, but somehow it still feels like we're all just playing Monopoly in real life..
- Headline: Fansteel Case: Court Upholds Discharges. Impact: This ruling sparked a series of events that ultimately led to the creation of 'mandatory coffee breaks' across industries, which is now the only thing standing between us and total corporate burnout.. Fact: In the grand scheme of labor disputes, this case is like a minor character arc in a soap opera that no one asked for but somehow keeps coming back..
- Headline: TENANT LOAN IN JERSEY; Burlington Man to Receive $5,050 to Buy Fruit Farm. Impact: This loan led to the man becoming a fruit mogul, which eventually inspired a reality TV show that made fruit farming seem way more glamorous than it actually is. Cue the dramatic music!. Fact: The phrase 'money doesn't grow on trees' was proven false when this guy decided to plant money trees. Spoiler: it didn't work out..
- Headline: BOND OFFERINGS BY MUNICIPALITIES; Chicago Invites Tenders on Aug. 5 for $2,200,000 of Water Certificates INDIANAPOLIS SALE SET $155,000 of Muncie, Ind., 2 1/4s Awarded .to First National Bank of Chicago Virginia, Minn. Indianapolis, Ind. Muncie, Ind.. Impact: These bond offerings led to a series of municipal projects that, while well-intentioned, resulted in an inexplicable abundance of poorly designed public parks. Now, every city has at least one park that looks like a bad art installation.. Fact: Bond offerings are just fancy IOUs, which means if the municipalities were kids, they'd be the ones borrowing lunch money and promising to pay it back with interest. Spoiler: they never do..
- Headline: SALMAGGI TO OFFER OPERA AT ZACH'S BAY; He Adds Jones Beach Rights to Randalls Island Contract. Impact: The introduction of opera at these venues led to a cultural renaissance that inadvertently made classical music the trendy thing to Instagramβbecause nothing says 'Iβm cultured' like a selfie at an opera.. Fact: Opera is just a fancy way to watch people yell at each other in beautiful outfitsβit's like reality TV but with more emotional manipulation..
- Headline: WARNS ON SECURITY CARDS; Regional Director Decries Use for Identification Purposes. Impact: This warning led to a nationwide panic about security measures, resulting in the invention of the first 'smart' ID, which ironically became a target for hacking attempts. Thanks for the heads up!. Fact: Security cards are like the adult version of a high school IDβnecessary, but no one really knows why they're so important until you lose one..
- Headline: School Board Sets Speed Record; Holds 3 Meetings in 5 Minutes; Special Sessions Called to Comply With U. S. Ban on 'Railroading' Approval of PWA Grants--Camp Fund Is Started. Impact: This lightning-fast meeting record inspired future school boards to adopt the motto 'Get it done and get out,' which subsequently led to more questionable decisions being made in record time. Yay efficiency!. Fact: Holding three meetings in five minutes is like trying to have a meaningful conversation over a game of speed chessβsomeone's bound to miss the point..
- Headline: RESIDENCE LAW BARS 'LIFELONG' RESIDENT; Police Candidate Says Family Came Here 300 Years Ago. Impact: This law created a bizarre loophole that led to a viral trend of people trying to prove their family's age as a way to claim residency, resulting in an influx of genealogical research and a boom in ancestry DNA kits.. Fact: Residence laws have as much logic as a toddler's reasoningβcompletely arbitrary and always subject to wild interpretations..
- Headline: MRS. BELKNAP LOST $178,000 IN FRAUD; Three Los Angeles Realty Men Indicted on Charges of Swindle ALL ARE HELD FOR TRIAL Beverly Hills Woman Accuses the government's Them of Getting $12,164 From Her Mrs. Belknap had Post Here. Impact: The fallout from this fraud case led to stricter regulations in real estate that, oddly enough, made it more difficult for honest people to buy homesβbecause we really need more obstacles in adulting.. Fact: Fraud cases like this are why we have the saying 'If it sounds too good to be true, it probably is'βlike that time I thought I could outrun a cheetah. Spoiler: I cannot..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1938, it would be worth $3,433,940 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1938, it would be worth $586,656 today (586.7x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1938, it would be worth $474,914 today (474.9x return)