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 December 8, 1950
Full News Archive
- Headline: Government Urges Ford and GM to Halt Price Increases. Impact: If Ford and GM had dared to raise prices, it would have triggered a nationwide 'car rebellion.' Instead of buying cars, Americans would have started a trend of riding bicycles, leading to a massive decline in gas station revenues and an unexpected boom in Spandex sales.. Fact: Did you know that the last time cars were this expensive, people still thought the Y2K bug would end the world? Spoiler: It didn't, but it did lead to some very awkward New Year's parties..
- Headline: Transit Granted to Israeli Convoys. Impact: This small act of transit cooperation was a butterfly flapping its wings that would eventually lead to a thousand diplomatic storms, proving once and for all that sometimes it's better to just let people pass through peacefully rather than start a turf war over who gets to drive on which road.. Fact: Fun fact: If you thought traffic jams were bad now, just imagine what the Israeli-Palestinian conflict would look like if everyone was stuck in bumper-to-bumper traffic on a two-lane road..
- Headline: PARIS PARLEY UNDER WAY; Survey of Three-Power Reply to Soviet on Germany Begins. Impact: The Paris parley was like a game of chess where everyone is just trying to avoid losing their queen, but instead ended up making questionable trade deals that would haunt diplomatic relations for decades. Who knew diplomacy could be so similar to high school drama?. Fact: Did you know that the three powers involved in these talks probably spent more time arguing about lunch orders than actually discussing serious issues? Politics is all about the sandwiches!.
- Headline: WAR UNITY IS SET; U.S. and Britain to Press for Just Korean Peace Through the U.N. CEASE-FIRE STILL SOUGHT Chinese Reds Ask Indians for Assurances if They Halt at the 38th Parallel Other Developments 'Limited War' Set Aside ATTLEE, TRUMAN REACH AN IMPASSE Further Split Is Foreseen. Impact: The push for a unified Korean peace was essentially the universe's way of saying, 'Hey, let’s try to avoid World War III, shall we?' But like most good intentions, it didn’t quite pan out, leading to decades of awkward family reunions.. Fact: Did you know that the term 'limited war' is just a euphemism for 'we'd like to fight, but not too much?' It's like saying you want to go on a diet but still planning to eat cake on weekends..
- Headline: 25 BILLION TAX RISE VITAL, N.A.M. HEARS; Needed for Two Years to Curb Inflation, Pay for War, Brown of Johns-Manville Says Warns of Aid to Stalin NEW N.A.M. HEAD 25 BILLION TAX RISE VITAL, N.A.M. HEARS Plea for Equality of Sacrifice Manpower Director Heard. Impact: The call for a massive tax increase was the beginning of a vicious cycle where people tried to avoid taxes by hiding money in their mattresses, which ultimately led to a boom in mattress sales and a decline in financial literacy.. Fact: Fun fact: The last time taxes were this high, people actually considered living in a cave to avoid them. Spoiler: It didn't work out well for anyone..
- Headline: Union Truck Terminal, 40% Active, Has Lost $300,000 in First Year; PORT AUTHORITY'S $9,000,000 TRUCK TERMINAL OPERATING AT LOSS. Impact: The loss of $300,000 at the truck terminal was like the universe's way of telling everyone that sometimes it's just better to stay home than to invest in a 'great idea' that will ultimately just become a giant, expensive paperweight.. Fact: Did you know that if you combined all the financial losses from failed terminals, you'd have enough to start a reality show called 'America’s Most Expensive Mistakes'? It would be a hit!.
- Headline: Fresh Eggs in Chicago Wholesale Market Up 1 to 3 Cents, With Highest Price 72 Cents. Impact: The slight rise in egg prices triggered a nationwide panic that led people to start hoarding eggs. This eventually resulted in a black market for eggs, where people traded them for toilet paper during the later pandemic years. Who knew eggs would become the new currency?. Fact: Did you know that in some cultures, eggs are considered a symbol of new beginnings? Too bad they were also a symbol of inflated prices!.
- Headline: GERMAN REDS PUSH NEW 'UNITY' DRIVE; Ignore Adenauer's Rejection of East-West Talks and Bid for Support of Public Communists Revise Tone. Impact: The German Reds' new 'unity' drive was like trying to glue together two broken pieces of glass; it looked good on paper but ultimately just resulted in more shards. This would set the tone for decades of failed attempts at reconciliation.. Fact: Fun fact: The only thing more confusing than the East-West dialogue was trying to explain the plot of a soap opera to someone who missed the last three seasons..
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)