Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON July 8, 1948
Full News Archive
- Headline: Equity and League Reach Negotiation Breakthrough. Impact: The wage negotiations led to a ripple of worker rights movements, ultimately resulting in the concept of 'work-life balance' being treated as an actual thing instead of a cruel joke.. Fact: In the future, people will still be negotiating for fair wages while some CEOs will earn more in a day than their employees do in a year. Progress!.
- Headline: American Optical Workers Strike in 1948. Impact: The strike at the American Optical Plant sparked a visual revolution, leading to everyone wearing glasses and wondering why they didn't notice sooner that squinting didn't improve their eyesight.. Fact: Fun fact: Every time someone misplaces their glasses, an optical worker sheds a tear..
- Headline: Dewey Appoints Fawcett as Judge. Impact: Fawcettβs appointment resulted in a chain reaction of judicial decisions that ultimately led to the establishment of 'judge's wigs' being considered a fashion statementβthankfully, that didnβt stick.. Fact: Judges in some countries still wear wigs. Clearly, theyβre trying to distract us from the serious business of justice..
- Headline: West Offsets Air Hindrances To Maintain Berlin Supply; Overcomes Soviet 'Bussing' and Scrambling of Landing Signals -- Warned to Remain in Corridor -- U. S. Planes Carry Coal WEST OVERCOMES BERLIN AIR BLOCKS. Impact: The Berlin air supply success sparked a series of international air traffic regulations, eventually leading to the invention of the in-flight safety demonstrationβbecause who doesnβt love a good pre-flight show?. Fact: The only thing more turbulent than air supply negotiations was the airline industry's approach to customer service..
- Headline: COURT BACKS FIRING A NON-UNION EX-GI; Appeals Ruling Is Unanimous in Case Arising When Closed Shop Contracts Were Legal. Impact: This ruling set a precedent for labor disputes, leading to future generations of workers to be confused about the term 'non-union' and whether it was a new hipster lifestyle choice.. Fact: The phrase 'closed shop' eventually became synonymous with exclusive clubs, where only the coolest kids got in..
- Headline: Dewey Is 'Given' 24 Hours To Tell Stand on School Aid; Dewey 'Given' 24 Hours to Tell Teachers His Stand on U.S. Aid. Impact: Dewey's indecisiveness became a blueprint for future politicians, proving that sometimes, it's better to stall than to actually take a stanceβjust ask any modern-day politician.. Fact: In the future, politicians will still be given 24 hours to make decisionsβonly now theyβll have social media to complicate things..
- Headline: Tobin Refuses to Speak. Impact: Tobinβs refusal to speak set a standard for all future politicians who would rather tweet than engage in actual conversations, proving that silence can indeed be golden.. Fact: In the age of social media, refusing to speak is often a strategic move. Just ask anyone whoβs ever ghosted someone!.
- Headline: Professor of Neurology At Columbia University. Impact: Dr. Merrittβs appointment began a trend of academic appointments that would eventually lead to professors becoming rock stars in their own rightsβwho knew neurology could be so... cool?. Fact: Fun fact: The only thing more complicated than the human brain is the academic hiring process..
- Headline: New York Life President Joins J. P. Morgan Board. Impact: D.C. Josephs joining J.P. Morgan's board was like adding a new flavor to corporate ice creamβeveryone loved it, but no one knew how it would impact the economy until years later.. Fact: In the corporate world, joining a board often means you get to make decisions that affect millions while only pretending to listen to everyone's concerns..
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)