Breakthroughs and everyday innovations from the year.
HEADLINES ON July 14, 1948
Full News Archive
- Headline: British Exports Surge Records in 1948. Impact: The surge in British exports led to the rise of a time-traveling trade guru who, in a bizarre twist, created an intergalactic commerce empire based on tea and biscuits. His empire's downfall came when he mistakenly imported a type of alien cheese that made everyone hallucinate.. Fact: In 1939, the British Empire was so vast that it literally had more tea than it knew what to do withβhence, the legendary British stiff upper lip was invented to handle the caffeine overload..
- Headline: Lebanese Consul Faces Bomb Threat in NYC. Impact: The bomb threat against the Lebanese Consul sparked a secret society of diplomats who began forming underground safety clubs. This led to a global network of βdiplomatic ninjas,β trained in both etiquette and self-defense, forever changing the way international relations were conducted.. Fact: Bomb threats are basically the original 'check your inbox' for diplomatsβif only they had email back then!.
- Headline: Controversy Over Israeli Arms Dispute. Impact: The alleged faked battle over arms smuggling not only brought international scrutiny but also inspired a series of terrible spy novels that featured a bumbling hero who accidentally solved the conflict by tripping over his own shoelaces.. Fact: The term 'sham battle' was coined when someone realized that actual battles are just too messy, so why not just pretend? Less paperwork!.
- Headline: HEALTH BODY REJECTS U.S. CONTRIBUTION CUT. Impact: The rejection of the budget cut led to a chain reaction where health organizations worldwide started hoarding funds like they were preparing for a zombie apocalypse, ultimately leading to a surplus of band-aids and health pamphlets.. Fact: The U.S. contribution to global health organizations is like that one friend who always pays for dinnerβonly to remind you of it for the next decade..
- Headline: PEIPING TOLL GOES TO 19; Commander in North China Gives Assurances to Students. Impact: The tragic toll in Peiping prompted a series of educational reforms that inadvertently caused the rise of a generation of students who became world-renowned for their ability to argue about anything, including the best way to toast marshmallows.. Fact: This incident is a stark reminder that the number of casualties can often spark reforms, but if only they could have sparked a love for math instead!.
- Headline: Newark Judge Admits Theft Of $657,000 to Bet on Races; JUDGE CONFESSES $657,000 THEFTS HELD AS EMBEZZLER. Impact: The judge's confession of embezzlement triggered a nationwide movement for transparency in the legal system. Ironically, this led to the creation of a reality TV show called 'Judges Gone Wild,' which was a ratings flop but a cultural phenomenon.. Fact: This judge essentially turned horse betting into a get-rich-quick schemeβproving once and for all that even judges can't resist the allure of a good bet..
- Headline: UNITY TRENDS GAIN; President Accedes to the Voice of Convention on Second Place RAYBURN SPURS HARMONY Asks Fight on 'Fronts' of Dewey and Wallace -- Laney Bolt Aim Weakens -- Pepper Quits TRUMAN-BARKLEY SLATED AS TICKET. Impact: The harmony push within the political convention prompted a series of backroom deals and alliances that ultimately resulted in a bizarre political musical based on the struggles of Truman and Dewey, complete with jazz hands and a tap dance number.. Fact: Political conventions are basically just glorified family reunionsβeveryone's pretending to get along until the dessert is served, and then it's chaos!.
- Headline: JIMENEZ CLINGS TO PANAMA POST; President Ousted by Assembly to Appeal to High Court -- Recognition Not Issue. Impact: Jimenez's legal struggle inspired a future wave of lawyers to specialize in constitutional crises, leading to the creation of a TV drama that captivated audiences with its dramatic courtroom battlesβthough the ratings were ultimately saved by a subplot involving a talking cat.. Fact: Constitutional crises are like bad breakups; they never really go away, and someone always ends up crying in the end..
- Headline: City Starts War on Mosquitos in Queens; Plane Scatters 500 Pounds of DDT Powder. Impact: The war on mosquitoes in Queens led to an unintended ecological disaster as the DDT turned the local pigeon population into mutant birds that became the unwitting mascots of an anti-pesticide movement decades later.. Fact: DDT was once the miracle substance that everyone lovedβuntil it turned out to be the 'that friend' who just keeps bringing drama to every party..
- Headline: Submarine Saves 2 Pianists. Impact: The rescue of two pianists by a submarine inadvertently led to the first-ever underwater concert series, where music lovers would don diving suits to hear classical music played by mermaids (or so the story goes).. Fact: The only reason the pianists were saved was because the submarine crew had a bet going on who could rescue the most ridiculous peopleβturns out, they won!.
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)