Breakthroughs and everyday innovations from the year.
HEADLINES ON May 22, 1946
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- Headline: Navy Budget Compromise Discussion in 1946. Impact: This budget debate led to the eventual creation of the infamous 'Navy's 50% Off Sale' event in the 1960s, where ships were auctioned off to the highest bidder to fund other projects. The Navy has been trying to live it down ever since.. Fact: Did you know that arguing over budgets is the adult equivalent of a playground squabble? 'I want $374 million more!' 'No, I want to keep my toys!'.
- Headline: Joseph A. Chanslor Passes Away. Impact: Chanslor's death triggered a sudden surge in interest in renewable energy, ironically leading to the rise of eco-friendly coal mining practicesβbecause nothing says 'green' like digging up the earth.. Fact: Joseph A. Chanslor was so influential that his life was a constant reminder that coal and oil executives aren't just about profits; they also contribute to climate change, one board meeting at a time..
- Headline: Byrd and Pepper in Clash In Labor Curb Bill Debate; BYRD AND PEPPER CLASH IN SENATE. Impact: The Byrd-Pepper clash is believed to have inspired the legendary 'Senate Showdown' reality series, where politicians settle their differences through dramatic lip-sync battles. They should really consider it.. Fact: Byrd and Pepper had such a contentious relationship that they could teach a masterclass on how to argue without ever making a pointβit's an art form, really!.
- Headline: KRUG TAKES OVER; Lewis is Said to Put Decision to Work for U.S.Up to the IndividualsBUT HIS SUPPORT IS ASKEDTruman Empowers Secretaryto Negotiate With Union onPay, Other Concessions Parley Set for Today Problem Is Called Unusual PRESIDENT ORDERS COAL PITS SEIZED Krug Expects Criticism. Impact: This event marked the beginning of the governmentβs 'How to Win Friends and Influence Miners' strategy, which resulted in a series of awkward negotiations and a lot of coffee breaks.. Fact: Did you know that when the government seizes coal mines, they don't actually throw a party? Apparently, 'celebration' and 'government intervention' don't mix well..
- Headline: PATRICK H. MOYNIHAN; Republican Ex-Congressman From Illinois Is Dead. Impact: Moynihanβs death prompted a renewed focus on political civility, which lasted exactly three days before everyone went back to throwing metaphorical pies in each other's faces.. Fact: Moynihan was known for his sharp wit; rumor has it his comebacks were so good they could resurrect old political debatesβif only through sheer embarrassment..
- Headline: Austria Sets Up Food Directorate; To Supply to Russians for Wheat; Communist Declines Post on Board--Soviet Is Expected to Insist on 50-50 Role in Nation's Industry as Price for Aid. Impact: This food supply agreement led to an unexpected rise in bread-baking competitions in Austria, where bakers started creating βSoviet-styleβ loaves that were equal parts delicious and suspicious.. Fact: The idea of sharing wheat with the Russians was so ludicrous that it inspired a popular saying: 'When pigs fly, and Austrian bread is free!' Spoiler alert: pigs are still grounded..
- Headline: U.S. Force Raids Danube 'Fleet'; Russian River Control Disputed; U.S. FORCE RAIDS 'FLEET' IN DANUBE. Impact: The raid inadvertently kickstarted a series of international boating competitions, where nations proudly showcased their fleetβ¦ of problems, as they all tried to dodge U.S. scrutiny.. Fact: Raiding boats on the Danube may seem extreme, but it was just the early version of a 'water taxi'βwhere you pay in international relations instead of cash..
Wall Street Time Machine
PFE
Pfizer
Pfizer - If you invested $1,000 in 1946, it would be worth $168,691 today (168.7x return)
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1946, it would be worth $3,433,942 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1946, it would be worth $586,656 today (586.7x return)