Breakthroughs and everyday innovations from the year.
HEADLINES ON June 23, 1948
Full News Archive
- Headline: Mass TWU Exit from CIO Council. Impact: When 40,000 members of the TWU quit the CIO Council, it set off a domino effect of labor disputes that eventually led to a nationwide trend of workers taking 'permanent coffee breaks' as a form of protest. Who knew a mass exodus could lead to so many innovative ways to avoid work?. Fact: The CIO Council was so shocked by the mass departure that they thought about hiring a psychic to predict the next labor crisis..
- Headline: Inmate Builds Video Set for Prisoners. Impact: The lifer who built a video set probably inspired future generations of inmates to start their own production companies. Imagine the cinematic masterpieces that could have emerged from behind barsβ'Cage Fight Club' might have been a hit!. Fact: Inmates reportedly began calling their shows 'Prison Break: The Reality Show' long before the TV series even aired..
- Headline: Historic British-Irish Trade Agreement. Impact: This trade accord was a small step for cattle and coal, but a giant leap for awkward barbecues across Britain and Ireland, where people now had to awkwardly discuss trade agreements over burnt sausages.. Fact: Had it not been for this agreement, British beef might have had to settle for a lifetime of being overshadowed by Irish potatoes..
- Headline: IRGUN SHIP AFIRE IN TEL AVIV BATTLE WITH ISRAEL ARMY; Dissidents Fight Regulars Near U. N. Quarters Over Landing of Arms and Immigrants HAGANAH GIVES UP BEACH Irgunists in the Army Restore Calm -- J. G. McDonald Named U. S. Envoy to New State Irgun Ship Afire in Tel Aviv Battle As Israeli Army Prevents Landing. Impact: The Irgun ship being set afire was a defining moment in Israeli history, sparking a series of confrontations that, for better or worse, paved the way for the modern Middle East conflict. Who knew a boat fire could change the world?. Fact: The irony is that the ship was supposed to be delivering peace, but it ended up delivering a whole lot of chaos instead..
- Headline: UE CITES INCREASES DESPITE LABOR LAW; Says It Has Won $100,000,000 for 450,000 While Rejecting Non-Communist Affidavits. Impact: UE's labor victory led to an unexpected trend of workers deep diving into Communist literature, inadvertently starting a book club that some say still meets to this dayβmostly to discuss how to reject non-Communist affidavits.. Fact: The $100 million won by UE was spent on coffee breaks and donuts for all 450,000 members, because why not celebrate with a sugar rush?.
- Headline: MARTIN FOR DEWEY; Senator, 'Favorite Son,' Quits Race and Will Second Nomination TAFT AND STASSEN MEET Moves to Unite on Vandenberg Are Snagged as Both Say They Will Stay in Fight SENATOR MARTIN SWINGS TO DEWEY. Impact: Senator Martin's support of Dewey marked the beginning of a long-standing tradition of politicians switching allegiances faster than you can say 'flip-flop', leading to the creation of a new reality show: 'Survivor: Political Edition.'. Fact: The term 'favorite son' originated here, but it was later trademarked by every politician hoping for a free pass to the White House..
- Headline: King Peter Expects Throne Back. Impact: King Peter's expectations of reclaiming the throne inspired future monarchs to visit Pittsburgh regularly, hoping to find the secret to a successful royal comebackβspoiler: they never did.. Fact: The visit was less about reclaiming a throne and more about finding the best pierogies in the city..
- Headline: Blast Furnaces to Shut Down. Impact: The shutdown of blast furnaces led to an unexpected surge in artisanal metalworking, transforming the scrap industry into a hipster haven. Who knew that a coke shortage could lead to the next big trend in DIY metal art?. Fact: Carnegie-Illinois employees reportedly turned the shutdown into a competition to see who could craft the best 'iron sculptures' out of leftover materials..
- Headline: DRAFT BILL IS SENT TO PHILADELPHIA; It Must Get Vandenberg's and Martin's Signatures Before Going to White House. Impact: The draft bill being sent to Philadelphia was the first step in a long saga of legislative chaos, ultimately leading to Congress's newfound talent for procrastinationβbecause who doesnβt love a good deadline?. Fact: The signature collection process became so convoluted that at one point, a signature was required from a catβbecause why not?.
- Headline: TRUMAN NAMES 11 REBUFFED BY GOP; Makes Recess Appointments on Boyd, Tamm -- Picks Rao, Kaufman for N. Y. Posts. Impact: Truman's recess appointments were a bold move that paved the way for future presidents to ignore Congress regularly, leading to the establishment of 'Executive Orders: The Sequel.'. Fact: Truman's strategy was so effective that it inspired a new political philosophy: 'When in doubt, just appoint someone while theyβre napping.'.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1948, it would be worth $3,433,943 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1948, it would be worth $586,657 today (586.7x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1948, it would be worth $147,887 today (147.9x return)