Breakthroughs and everyday innovations from the year.
HEADLINES ON October 28, 1948
Full News Archive
- Headline: U.N. Seeks Larger U.S. Contribution. Impact: This demand for funding triggered a series of budget battles that led to the U.S. developing a secret society of accountants who meet in back rooms to discuss how to avoid paying taxes. They call themselves 'The Balance Sheets'.. Fact: The U.N. could've just asked for a nice donation instead of playing the guilt card. It's like asking a friend for a loan but then reminding them of all the times you've bought them coffee..
- Headline: New Housing Initiatives in Israel. Impact: The formation of this group ultimately led to an architectural revolution in the region, where homes became so stylish that people started mistaking them for avant-garde art installations, leading to a spike in confused tourists.. Fact: Joseph M. Mazer was so influential that his name became synonymous with 'stylish homes'βor so says his mom..
- Headline: World Bobsled Championship in Lake Placid. Impact: The world meet in Lake Placid set off a chain reaction of sports events that culminated in the invention of bobsled-themed reality showsβbecause nothing says 'extreme sports' like watching people slide down an icy track.. Fact: Bobsledding is the only sport where you can be a world champion and still not know how to drive on regular roads..
- Headline: Bars Chicago Voting Machines. Impact: This decision to bar voting machines in Chicago sparked an underground movement of vigilante ballot counters who believed they could do it better, resulting in a bizarre mix of democracy and street magic.. Fact: Chicago voting machines were so unreliable that some voters preferred to just flip a coin instead. Spoiler: the coin usually won..
- Headline: Berlin Issue Left in Council As West Awaits New Offer; Marshall, Bevin and Schuman Decide to Defer Further Step Until Six 'Neutral' Powers Determine Their Course. Impact: The delay in the Berlin issue led to a series of diplomatic coffee breaks that resulted in more awkward small talk than actual decisions, making international relations feel a lot like a never-ending family reunion.. Fact: If you think waiting for a decision at a council meeting is tedious, try doing it with six 'neutral' powers involved. It's like trying to agree on a restaurant with a group of people who all have dietary restrictions..
- Headline: Jockey Skoronski Injured. Impact: Jockey Skoronskiβs injury led to the creation of the 'Jockey Safety Helmet'βa product that was met with such disdain that it became a fashion faux pas in the horse racing community.. Fact: Injured jockeys have a secret support group; they call it 'The Not So Fast Club.'.
- Headline: Truman's Wisecrack Mood Held All or Nothing Strategy; Jauntier at 64 Than in His Senate Days, President Is Set to Bang -- Win or Lose. Impact: Truman's wisecracks during his campaign somehow inspired a generation of politicians to prioritize jokes over policies, leading to a long-lasting trend of comedic governanceβthank you, Twitter.. Fact: Truman once said, 'If you canβt convince them, confuse them.' Apparently, he was a pioneer of modern political strategy..
- Headline: Sentenced for Smuggling Aliens. Impact: The smuggling incident led to a new trend in underground transportation methods, including the invention of the 'Alien Express'βa service that became incredibly popular among those who wanted to avoid customs.. Fact: E.E. Stewart thought he was just offering a helping hand, but apparently, the whole 'smuggling' thing is a bit of a deal-breaker..
- Headline: WALLACE DEMANDS PUBLIC OWNERSHIP; Says in New Haven His Party Would Seize Industries -Calls Truman 'Front Man'. Impact: Wallace's bold demand for public ownership created a ripple effect that led to a series of protests, ultimately inspiring a new genre of political memes that still haunt us today.. Fact: Wallace's party was so serious about seizing industries that they considered a slogan: 'Take Back the Factory, One Meme at a Time!'.
- Headline: GREECE SAID TO ORDER HIGH COMMAND SHIFTS. Impact: The command shifts in Greece resulted in a strategic game of musical chairs that left the military in a perpetual state of confusionβperfect for a comedy sketch but terrible for actual warfare.. Fact: Every time there's a shift in command, a soldier somewhere is probably rolling their eyes and muttering, 'Here we go again.'.
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)