Gadgets, lab surprises, odd bets, and future-shocks from this slice of the calendar.
The Sounds of
Popular recordings and roots/country selections associated with the year
HEADLINES ON February 3, 1950
Full News Archive
- Headline: Acheson Assailed by House Representatives. Impact: This heated exchange over Alger Hiss paved the way for future political witch hunts, where everyone was eventually accused of being a spy, even your grandma. Thanks, Acheson!. Fact: In the grand scheme of things, attacking a politician in the House is as common as a Monday morning coffee spill. Spoiler: it rarely changes anything..
- Headline: Kral's Notorious Tax Evasion Case. Impact: Kral's tax evasion case inspired countless future tax dodgers to get creative, leading to the invention of offshore accounts, which are now a standard feature in any self-respecting billionaire's portfolio.. Fact: Tax evasion: the only crime where you can get caught and still be celebrated as a 'business innovator.'.
- Headline: Contempt Ruling in Bridges Perjury Trial. Impact: M'Innis's contempt ruling became a popular case study for law students, proving that being held in contempt is just a fancy way of saying 'You really messed up this time.'. Fact: Contempt of court: when 'Oops, my bad!' just doesnβt cut it..
- Headline: Catholic War Veterans Meet. Impact: The Catholic War Veterans' meeting may have had little immediate impact, but it sparked the idea that maybe veterans deserve more than just a handshake and a 'thank you'βan idea which is still in progress... sort of.. Fact: They say veterans deserve our respectβlet's just hope they donβt end up arguing over who got the last donut at the meeting..
- Headline: ALBANY MOVE MADE TO SAVE OLEO BILLS; Assembly Farm Committee's Ruling Fought in Legislature as Repeal Gains in Congress Republican Leaders Vexed Repeal Foes Busy in Congress. Impact: The oleo bill debate probably made margarine a household staple, leading to the rise of countless butter substitutes. Little did they know they were just fattening up the future generations' cholesterol.. Fact: Oleo: because why settle for a classic when you can have a plastic alternative?.
- Headline: Books of the Times; Contrasts in Lives of Natives Vistas of Far Journeying. Impact: Flavin's contrasts in lives of natives showcased the great divide, setting the stage for future anthropologists to debate whether humans are actually evolving or just getting better at social media.. Fact: The only thing more diverse than the lives of natives is the amount of opinions about them on the internet..
- Headline: Plaque Marks 25 Years In Automotive Industry. Impact: The automotive industry's 25-year milestone led to a culture of nostalgia for old cars, which eventually birthed the vintage car market and the rise of hipsters who think they invented it.. Fact: Celebrating 25 years in the auto industry is basically the adult version of a participation trophy..
- Headline: FIRST TALKS ARE SET IN CHRYSLER STRIKE. Impact: The Chrysler strike negotiations not only highlighted labor rights but also set the stage for unions to become synonymous with both fierce negotiations and pizza parties during long meetings.. Fact: Striking: the only time you can walk off the job and still be considered a hero in your own right..
- Headline: M'MAHON PROPOSES 50 BILLION CRUSADE TO HALT ATOM RACE; He Appeals to U.S. to Consider Almost Any 'Bold Step' to Get Accord With Russians WOULD THEN EXTEND AID Truman Indicates He Will Not Seek New Talks With Soviet Because of Hydrogen Bomb McMahon Proposes Peace Crusade Of 50 Billion to Halt Atomic Race No Foreign Policy Attack Would Stress Peace Desire. Impact: M'Mahon's $50 billion peace crusade idea not only sparked discussions about nuclear disarmament but also made everyone wish they had a billionaire's budget for their own peace initiatives, like requiring mandatory hugs.. Fact: It's funny how proposing peace requires a budget that could fund a small country's annual expenses. Maybe we should start with free coffee instead?.
Wall Street Time Machine
JNJ
Johnson & Johnson
Johnson & Johnson - If you invested $1,000 in 1950, it would be worth $3,433,941 today (3433.9x return)
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1950, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1950, it would be worth $23,651,330 today (23651.3x return)