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Popular recordings and roots/country selections associated with the year
HEADLINES ON December 3, 1948
Full News Archive
- Headline: News Guild Welcomes President Truman. Impact: Truman's acceptance of this invitation led to an unexpected surge in political cartoonists' popularity, as they had endless material to work with, resulting in a new art movement focused on satirical portraits of politicians.. Fact: This was the moment Truman realized he could no longer hide behind the curtainβlike a politician who suddenly remembers there's a live studio audience..
- Headline: Peru Exits Geneva Tariff Negotiations. Impact: Peru's exit caused a chain reaction of nations questioning their own trade policies, ultimately leading to a global economic summit that turned into a giant potluck where everyone just brought their own issues and left with nothing resolved.. Fact: Fun fact: When Peru left, they forgot to take their tariff ideas with them, leading to a lot of awkward silence in the Geneva hotel lobby..
- Headline: Labor-Farmer Coalition Proposal in 1948. Impact: This proposal led to an unexpected alliance between farmers and laborers that resulted in the first annual 'Harvest and Labor Party'βa festival that was essentially just a potluck with way too much corn.. Fact: Spoiler alert: The only thing that came out of this tie was a lot of free corn and some very confused politicians..
- Headline: Truman Hit a Home Run At Polls, Says MacArthur. Impact: MacArthur's comment inspired future politicians to adopt baseball metaphors for their campaigns, leading to the 'Campaign League' where candidates competed in home run derbies instead of debates.. Fact: Truman was actually terrible at baseball; he thought a 'home run' was just a really good speech..
- Headline: FACE FACTS OF LIFE, BUSINESS ADVISED; Eric Johnston Says It Must Support Social Legislation to End Threat of Socialism. Impact: This advice inadvertently sparked a decade-long trend of businesses trying to out-socialize each other, resulting in some truly bizarre corporate social responsibility campaigns, like 'Free Ice Cream Fridays' for every employee.. Fact: Eric Johnston's advice was so eye-roll inducing that even the businesses involved considered hiring a life coach instead..
- Headline: ARGUMENTS HEARD ON FRANKENTHALER; Court of Appeals Reserves Its Ruling on Surrogate Vote After Tammany Appeal. Impact: The tension surrounding this case opened a Pandora's box of legal debates, leading to an increase in lawyers specializing in 'voting rights,' which was ultimately just a fancy way to say 'vote for me, I promise Iβm not like the other guys.'. Fact: This case was so convoluted that even the lawyers needed a flowchart to keep track of who was voting for whom..
- Headline: CITY BOARD ADOPTS A CAPITAL BUDGET FOR $336,909,773; Biggest Estimated Outlay Now Goes to Council -- Hearing Set for Dec. 13 SEVERAL CHANGES MADE $7,630,650 Projects Are Added and Less Urgent Ones Are Dropped in Final Draft CITY BOARD ADOPTS CAPITAL BUDGET. Impact: This budget discussion led to a series of heated debates that ultimately resulted in the establishment of a 'Budget Battleground' where council members would settle disputes over money with rock-paper-scissors.. Fact: Fun fact: The budget was so long that some council members brought snacks and turned it into a mini potluckβbecause why not mix fiscal responsibility with finger foods?.
- Headline: ABOLISH NEGRO BAN, U. OF MISSOURI URGES. Impact: This push for equality sparked movements across the country, leading to the eventual establishment of diversity programs that, while well-intentioned, often turned into elaborate icebreaker games in awkward cafeteria settings.. Fact: The U. of Missouri's board made this request amidst much debate, proving that even in the 1950s, some people were still stuck on outdated ideasβlike using typewriters..
- Headline: WEST TO LIST BARS TO BERLIN ACCORD; Will Inform U.N. of Soviet Steps That It Considers Prevent Currency Pact WEST TO LIST BARS TO BERLIN ACCORD. Impact: This decision led to an avalanche of paperwork that not even the best bureaucrats could navigate, resulting in what is now known as the 'Great Paper Jam of the 1950s.'. Fact: The U.N. has since upgraded its filing system, but it still operates on the assumption that 'if it ain't broke, don't fix it'βwhich is why they still use 20th-century filing cabinets..
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)