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HEADLINES ON June 26, 1949
Full News Archive
- Headline: Budget Crisis Hits U.S. Capital. Impact: The log jam in appropriations led to a national obsession with fiscal year-end panic, causing generations to develop an inexplicable love for spreadsheets and budget meetings. Congress members now send holiday cards that read 'May your funds always be unvoted!'. Fact: Did you know that 'log jam' in Congress is actually just a fancy term for a prolonged game of 'who can stall longer?' Spoiler: It's always Congress..
- Headline: Her Goal: To Be an M. D.; DOCTOR OF MEDICINE. By Irma Gross Drooz, M. D. 308 pp. New York: Dodd Mead & Co. $3.. Impact: Irma Gross Drooz's quest to be an M.D. inspired countless aspiring medical professionals to chase their dreams, resulting in an era of doctors who are more student loan debt than actual human beings.. Fact: Did you know that $3 was actually a considerable price for a book back then? Now, you could pay that much for a coffee that tastes more like regret than caffeine..
- Headline: SYRIAN PRESIDENT CHOSEN UNOPPOSED; Zayim Elected on Complicated Ballot Legitimizing Regime in Power Since March Coup. Impact: Zayim's unopposed election became a blueprint for dictators everywhere, proving that if you want a smooth election, just remove all competition. This tactic has since been adopted by numerous regimes, leading to a global fascination with 'elections' that don't involve actual voting.. Fact: Fun fact: Being elected unopposed is the political equivalent of winning a game of chess by playing against a cat. Impressive, but also kind of sad..
- Headline: PLEADS FOR HOUSING BILL; Cashmore Asks Congress Votes for Truman Measure. Impact: Cashmore's plea for housing legislation ignited a firestorm of lobbying and political maneuvering, ultimately leading to the invention of the phrase 'housing crisis' as we know it today. Thanks, Cashmore, for the chaos!. Fact: Did you know that asking Congress for housing bills is like asking a cat to take a bath? It rarely ends well, and there's usually a lot of yelling..
- Headline: Barkley Plane Safe In Forced Landing. Impact: The forced landing of Barkley's plane became a cautionary tale about the dangers of flying too close to bad weather. This incident led to the creation of the 'Barkley Rule': never trust a pilot who claims to have a great sense of direction.. Fact: Did you know that forced landings are just planes trying to take 'unplanned vacations'? They usually end up at some random field instead of a sunny beach..
- Headline: ECA READY TO DROP CONVERTIBILITY AIM FOUGHT BY BRITAIN; Will Yield on Dollars if Cripps Agrees to Transferability in European Currencies. Impact: The ECA's decision to drop convertibility aims led to a financial avalanche and sparked a decades-long rivalry between currencies, resulting in the rise of memes about how many Euros it takes to buy a cup of coffee.. Fact: Did you know that currency fluctuations are basically the world's worst game of musical chairs? Except when the music stops, no one wins..
- Headline: Bow-Legged Pioneers; CALIFORNIOS. The Saga of the Hard-Riding Vaqueros, America's First Cowboys. By Jo Mora 175 pp. New York: Doubleday & Co. $3.75.. Impact: Jo Mora's book on Californios helped to romanticize the cowboy lifestyle, leading to a surge in cowboy hats and a national obsession with line dancing that still haunts wedding receptions to this day.. Fact: Fun fact: The term 'vaquero' translates to 'cowboy,' but you donβt need to be a cowboy to wear the hatβjust a willingness to look ridiculous..
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1949, it would be worth $3,433,939 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1949, it would be worth $586,657 today (586.7x return)
KMB
Kimberly-Clark
Kimberly-Clark - If you invested $1,000 in 1949, it would be worth $147,887 today (147.9x return)