Breakthroughs and everyday innovations from the year.
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The biggest hits of the year β Top 10 Pop & Country chart toppers
HEADLINES ON July 27, 1948
Full News Archive
- Headline: Manufacturer Guilty of Tax Evasion. Impact: This tax evasion case led to increased scrutiny on manufacturers everywhere. If only that manufacturer had known that eventually, a whole new industry of tax consultants would rise, becoming the true winners of the game.. Fact: Did you know that in the grand scheme of things, tax evasion is like playing hide and seek with a really persistent adult? Spoiler alert: they always find you..
- Headline: Molotov to Be Approached For Parley on Berlin Crisis; Allied Envoys to Make Proposal Orally in Hope of Ending Impasse -- Truman Has No Bid for Talk With Stalin. Impact: The failed talks with Molotov sent shockwaves through the diplomatic community, leading to a series of increasingly ridiculous negotiations that made future diplomats feel like they were starring in a bad sitcom.. Fact: Fun fact: Every time they approached Molotov, a diplomatic agent probably sighed and wondered if he was just a regular guy with a really cool name..
- Headline: U. N. BODY PUTS END TO TALKS ON ARMS; SOVIET VOTED DOWN; Better International Feeling Awaited -- Issue Goes Back to Assembly Session. Impact: The end of the arms talks saw the issue go back to the Assembly, where it would gather dust and become the diplomatic equivalent of a forgotten sock behind the dryer, only to resurface in future conflicts.. Fact: Did you know that international discussions about arms reduction often sound like a group of toddlers arguing over who gets to keep the biggest toy? Spoiler: nobody wins..
- Headline: ALUMNI SET GIFT RECORD; Princeton Men Donate $244,028, With 9,013 Contributing. Impact: Princeton's record-breaking alumni donations created a chain reaction where other universities felt pressured to up their fundraising game, sparking a nationwide competition that ultimately resulted in the 'Most Generous Alumni' awardβa prestigious title fought over by universities like it's the Olympics.. Fact: Fun fact: Donating to a university makes you feel good, but if you're not careful, you might just end up with a library named after you. Forever..
- Headline: PRESSES FOR RIGHTS; President Acts Despite Split in His Party Over the Chief Issue. Impact: Truman's executive order on Fair Employment sparked a civil rights movement that would echo through history, leading to more legislation and a lot of people wondering why it took so long to get there in the first place.. Fact: Did you know that sometimes, doing the right thing can be controversial? Truman probably had to deal with more arguments than a family at Thanksgiving dinner..
- Headline: ECUADOR TO LOOK TO U.S. FOR HELP; President-Elect, in Hospital Here, Emphasizes Need for Technicians and Capital. Impact: Ecuador's plea for U.S. help resulted in a long-standing relationship, where the U.S. would occasionally swoop in like a superheroβexcept, you know, with a lot more bureaucracy and paperwork.. Fact: Fun fact: Asking for help from the U.S. is like asking your neighbor for a cup of sugar, except the neighbor lives thousands of miles away and has a tendency to send in troops..
- Headline: ONKAHYA CAPTURES RACE TO MACKINAC; Sollitt's Yawl Wins Cruising Class A Crown -- Cara Mia Leader in Universal B. Impact: Onkahya winning the Mackinac race led to countless competitive yacht clubs springing up, where rich folks in blazers would argue over who had the fastest sailboat. Truly, an elite sport for those with too much time and money.. Fact: Did you know that sailing is just like driving a carβexcept your car is made of wood, you have to learn how to read the wind, and good luck finding a parking spot?.
- Headline: Stanich and Wint Give Excellent Performances in Practice for London Games; ATHLETES NEARING PEAK FOR OLYMPICS. Impact: Stanich and Wint's performances in practice for the London Games set the bar for future Olympic athletes, who would spend years trying to figure out how to replicate that level of excellenceβwhile dealing with social media scrutiny, of course.. Fact: Fun fact: Athletes preparing for the Olympics are basically modern-day gladiators, except instead of lions, they face rigorous training regimes and the pressure of national pride..
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)