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HEADLINES ON May 19, 1950
Full News Archive
- Headline: Senators Investigate Criminal Wealth and Corruption. Impact: This inquiry set off a chain reaction where criminals learned that investing in legitimate businesses could make them untouchable. Fast forward a few decades, and we have the rise of 'legitimate' crime syndicates that look suspiciously like Fortune 500 companies.. Fact: Did you know that if they spent half as much time investigating corruption as they did crafting their investigations, they might actually catch a few crooks?.
- Headline: Marie C. Curry Receives Papal Cross. Impact: Miss Curry's honor sparked a minor renaissance of community service initiatives, leading to a 50% increase in bake sales across the nation. Who knew a papal cross could fuel such a sweet revolution?. Fact: Fun fact: The papal cross is a great conversation starter at parties, right up there with 'So, what do you do for a living?'.
- Headline: Zeckendorf's Vision for Manhattan's Margins. Impact: Zekendorf's plan led to the creation of the term 'marginal development,' which would later be used by real estate agents to sell overpriced shoebox apartments as 'cozy urban retreats.'. Fact: You know you're in good hands when a city planner uses 'marginal' to describe an entire neighborhood, right? Sounds promising!.
- Headline: Wisconsin Debates McCarthy On Issue of Politics vs. Morals; 2 Factions in Republican Party Are Divided Over the Old Conflict of Ends and Means These Two Themes See Case in Political Terms. Impact: This debate opened the floodgates for political theatrics, leading to a future where politicians would rather dance around issues than tackle them head-on. The art of dodging questions was born!. Fact: Surprisingly, the term 'politician' is derived from the ancient Greek word meaning 'master of evasion.' Who knew?.
- Headline: AREA PENSION PLAN SET; U.A.W. to Sign Agreement With 70 Small Employers. Impact: This pension plan laid the groundwork for future labor negotiations and the 'great retirement panic,' where employers began hiding their funds faster than you can say '401(k).' Thanks a lot, U.A.W.!. Fact: Pensions are like unicorns; everyone believes they exist, but few have actually seen oneβespecially in small businesses!.
- Headline: Sports of the Times; Following Father's Footsteps Legal Larceny Lightning Strikes Twice Well Baked Revenge Is Sweet. Impact: This headline inadvertently inspired a generation of athletes to think they could get away with anything as long as there was a clever pun involved. Thanks, sports journalism!. Fact: In the world of sports, 'legal larceny' is basically just a fancy way of saying, 'I totally stole that win!'.
- Headline: Heads West Bronx G.O.P. Club. Impact: Donchian's election as president of the Bronx G.O.P. Club ensured that future political meetings would remain as thrilling as watching paint dryβwhile serving stale donuts.. Fact: The West Bronx G.O.P. Club is like a high school reunion where everyone forgot to bring the fun. Who knew politics could be this dull?.
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)