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 September 5, 1950
Full News Archive
- Headline: Ford's Historic Wage Accord of 1950. Impact: The wage rise and pension agreement created a domino effect in labor negotiations, leading to the rise of union power that ultimately paved the way for the modern-day office worker's favorite pastime: complaining about their coffee breaks.. Fact: Reuther's name is synonymous with labor rights, not to be confused with 'Reuther's Raccoons,' a fictional band of unionizing raccoons that never made it past the audition stage..
- Headline: US Marine Reservists Arrive in Japan. Impact: The arrival of Marine reservists in Japan contributed to the ongoing U.S.-Japan military alliance, which means that even in the future, they still can't agree on who makes the best sushi.. Fact: If you think the U.S. and Japan have a complex relationship now, just wait until you hear about the time they tried to collaborate on a fast-food chain..
- Headline: U.S. CHESS PLAYERS THIRD IN TEAM PLAY; Reshevsky and Horowitz Win in 10th Round Match With Sweden in Yugoslavia. Impact: This chess triumph unintentionally sparked a surge in nerd culture, leading to the eventual rise of chess prodigies and YouTube channels dedicated to live-streaming people thinking really hard.. Fact: In a surprising twist, chess was once considered a form of dangerous gambling in some circles. Watch out, grandmasters!.
- Headline: NEWMARK FUNERAL SET; Services Tomorrow for E.C.A. Head's Son-in-Law. Impact: The funeral of an influential figureβs son-in-law hints at the complex web of political relationships, which continued to shape the future of American foreign aidβbecause who doesn't love a good family drama?. Fact: If there's anything we've learned from history, it's that being the son-in-law of a powerful figure is basically like being the backup singer in a pop band: you may not get the spotlight, but you're always in the background..
- Headline: India Names Aide to West Indies. Impact: Naming a commissioner for the West Indies was a classic case of bureaucratic expansion, which eventually led to the creation of more committees than anyone could countβresulting in meetings about meetings about meetings.. Fact: Youβd think appointing a commissioner would be a straightforward task, but in government, itβs often more complicated than assembling IKEA furniture without instructions..
- Headline: 2 Scientist Brothers Honored. Impact: The Varian brothersβ invention of the Klystron tube not only revolutionized communications but also laid the groundwork for future 'geek chic' inventions. Who knew nerdiness could be so profitable?. Fact: Klystron tubes are basically the unsung heroes of radio and televisionβwithout them, your binge-watching sessions would have been far less enjoyable..
- Headline: CAIRO TO PROTEST TO U.N.; Accuses Israel of Ousting 2,000 Arabs From Country. Impact: Egypt's protest at the U.N. set the stage for decades of diplomatic maneuvering, leading to the classic 'he said, she said' saga that still plagues the Middle East today. Spoiler alert: itβs still unresolved.. Fact: If history has taught us anything, itβs that diplomatic protests are like family reunionsβawkward, complicated, and usually involving some yelling over the potato salad..
- Headline: Some Swedes Wonder if They Pay Too High a Price for Prosperity; With Employment No problem and Savings Meager, Critics Feel Nation Is Stinting on Reserves and May Be Hurt in Adversity. Impact: The Swedish debate about the cost of prosperity led to a national identity crisis, culminating in a reality show where Swedes try to decide if paying higher taxes is worth it for free healthcare.. Fact: Sweden's prosperity is often accompanied by a side of existential dreadβbecause nothing says success like questioning your life choices while sitting in a sauna..
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)