Breakthroughs and everyday innovations from the year.
HEADLINES ON November 30, 1950
Full News Archive
- Headline: Kuljian Corp Wins India Power Plant Contract. Impact: This contract led to the rise of the Indian tech industry, which now produces more apps than the total number of stars in the Milky Way. Thanks, Philadelphia!. Fact: Did you know that for every $35 million project, there's a chance someone is still trying to figure out how to use the coffee machine?.
- Headline: Truman Requests Major Funding in 1950. Impact: Truman's request for cash set the precedent for future presidents to ask for money like itβs a never-ending birthday party. Spoiler: It isn't.. Fact: Fun fact: If you ask Congress for money long enough, they might just give in... or they might just throw a pie chart at you..
- Headline: Keyserling Predicts Production Surge by 1955. Impact: The prediction of a 75% rise in output led to a series of optimistic forecasts, which eventually turned into a national sport of disappointment. Welcome to the American dream!. Fact: Did you know that forecasting is just educated guessing? And yet, people still act surprised when the guess goes south!.
- Headline: COPPER CUT 15-20% FOR CIVILIAN USES; National Production Authority May Even Designate Items That May Be Manufactured COBALT USE SLASHED 50% Military Contracts Affected, With Consumption Limited to 60% of Order. Impact: This copper cut not only limited civilian use but also sparked a black market for crafting questionable DIY projects. Who knew scarcity could lead to such creativity?. Fact: Did you know that when supplies are cut, the first thing people do is dig through their garage for that half-finished project they swore theyβd get to?.
- Headline: TRUMAN ASKS FUND TO AID TITO QUICKLY; Urges $38,000,000 Be Voted This Session for Famine Relief in Yugoslavia. Impact: Truman's push for aid to Tito influenced future U.S. foreign aid policies, making it a hallmark of political maneuveringβbecause nothing says 'we care' like a check.. Fact: Fun fact: The phrase 'economic warfare' was coined right around the same time as 'let's pretend to be helpful while actually being strategic.'.
- Headline: Marshall Warns Nation Is Facing Long Period of Partial Mobilization; MARSHALL WARNS OF MOBILIZATION. Impact: Marshall's warning about mobilization became a well-timed alarm bell, leading to various military strategies and a surge in 'what if' scenarios for future generations. Thanks, Marshall!. Fact: Did you know that 'partial mobilization' is just a fancy way of saying 'we're getting ready, but not really'?.
- Headline: Britain and Egypt Open Talks. Impact: The opening of talks between Britain and Egypt paved the way for future negotiations, proving that sometimes diplomacy is just two countries awkwardly trying to find common ground while avoiding eye contact.. Fact: Fun fact: Negotiating often involves more back-and-forth than a tennis match, sans the cute outfits..
- Headline: NEW CHARGES MADE FOR DEPORTING REDS. Impact: The new charges against alleged Communists set off a chain reaction of paranoia that lasted decades, proving that a little suspicion can go a long way in politics.. Fact: Did you know that the Red Scare was basically the original reality show? Everyone was just waiting to see who would get voted off the island next..
- Headline: POPE HEADS SPYING, CZECH CLERIC SAYS; Priest, at Treason Trial, Calls Pius Chief of 'Subversive' Acts Against East Bloc. Impact: This claim about the Pope and subversion led to a series of conspiracy theories that would make even the most creative fiction writers envious. Who knew the Vatican had a secret agent division?. Fact: Fun fact: The Vatican has a long history of intrigue; you could say it's like a soap opera, but with more incense and less commercial breaks..
- Headline: F.T.C. RE-ASSESSES TWO OLD THEORIES; Congress Is Hostile to Views on 'Parallel Action,' Mason Tells Standards Group NEW CONCEPTS OF ERROR 'Varying Mill Nets' as Applied to Freight Absorption Also Held Due to Be Discarded. Impact: The FTC's reassessment of theories only proves that in bureaucracy, nothing ever truly dies; it just gets revamped and reintroduced as 'new and improved'.. Fact: Did you know that the term 'new concept' is often a code for 'we're still trying to figure this out, but weβd like to sound smart while doing it'?.
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)