Breakthroughs and everyday innovations from the year.
HEADLINES ON February 5, 1947
Full News Archive
- Headline: Tragic Loss of Ecuadorian Army Fliers. Impact: The tragic loss of these fliers led to a secret government initiative to develop anti-volcano planes, which ultimately resulted in a bizarre competition between nations to create the worldβs first flying volcano-proof vehicle. Spoiler alert: it never took off.. Fact: Volcanoes arenβt just for dramatic movie scenes; they can also ruin your day if youβre a pilot. Who knew?.
- Headline: China's Future Book Luncheon in NYC. Impact: The discussion on China at this luncheon sparked a global obsession with fortune cookies, leading to an international cookie crisis in the 80s. If only they had known!. Fact: Book luncheons: where literary discussions are served with a side of sandwiches and a sprinkle of pretentiousness..
- Headline: CIO's Push for Senate Closure Rules. Impact: This push for a filibuster closure led to a secret society of senators who vowed to filibuster every discussion about filibustering. Itβs like inception but with more boredom.. Fact: Senate rules are so complicated that even the senators need a GPS to navigate them. Good luck finding the exit!.
- Headline: Permanent Agency Similar to USO To Give Camp Shows Advocated; Lastfogel in Report Asks Member Units to Help Create Entertainment at Veterans' Hospitals. Impact: The idea for a permanent entertainment agency began a long-standing tradition of putting on shows for veterans, which eventually escalated into the bizarre phenomenon of celebrity charity concerts. Thanks, Lastfogel!. Fact: Nothing says 'I care' like a star-studded concert while veterans wonder if theyβll ever get to hear real music again..
- Headline: TAX EVASION DRIVE NETS U.S. 2 BILLION; Snyder Reports on the Results of 18-Month Check-Up -- 150,000 Amend Returns. Impact: This tax evasion drive was the catalyst for the invention of complicated tax codes that still confuse accountants today. Thanks for the headaches, Snyder!. Fact: Tax evasion: the only crime where the punishment is a lot of paperwork and possibly a very boring documentary..
- Headline: Yale Gets Memorial Fund. Impact: This memorial fund for Yale sparked a trend of universities creating memorial funds for everything, including a memorial fund for the last surviving goldfish in the campus aquarium. Who knew education could be so⦠aquatic?. Fact: Nothing says 'I remember you' like a fund dedicated to a library that will probably never check out a book again..
- Headline: Book Bindings Exhibited. Impact: This book binding exhibit led to an unexpected surge in hipster bookbinding workshops, ultimately giving birth to a new generation of artisanal book restorers who charge $500 for a re-bound paperback.. Fact: Book bindings: because who doesnβt want to pay extra for something that should just keep pages together?.
- Headline: SLAYER SUSPECT INSANE; Court Alienists Urge That Purdy Be Sent to Matteawan. Impact: The court's decision to send this suspect to Matteawan led to a new trend in legal defenses where insanity pleas became the go-to for anyone caught in a crime. Thanks for normalizing insanity, court!. Fact: Insanity defense: the one time you can literally say, 'I wasnβt myself' and get away with itβlegally, of course..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1947, it would be worth $3,433,943 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1947, it would be worth $586,657 today (586.7x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1947, it would be worth $147,887 today (147.9x return)