Breakthroughs and everyday innovations from the year.
HEADLINES ON December 19, 1950
Full News Archive
- Headline: $7,500 Donation for Arthritis Research. Impact: This generous donation to the Holy Comforter House sparked a revolution in philanthropic giving, leading to the creation of a secret society of wealthy donors who only give money to causes with the catchiest names. Thanks to this, the world is now littered with overly verbose charity organizations that sound more like indie bands than places for serious aid.. Fact: Did you know that $7,500 in today's money would be like getting a tip from a billionaire? Just imagine the kind of arthritic research you could fund with that kind of cashβlike a study on the effects of yoga on people who won't stop complaining about their knees..
- Headline: Utah Coach Advocates for Referee Role in Rules. Impact: This plea for referee involvement in rule-making set off a chain reaction of coaches thinking they know best. This eventually led to coaches being treated like rock stars, complete with fan clubs and merchandiseβbecause nothing says 'expert' like a whistle and a clipboard.. Fact: Fun fact: If basketball coaches had been in charge of rule-making since the beginning, traveling would have been redefined as a long vacation instead of a foul!.
- Headline: U.N. TRUCE MISSION WOULD GO TO CHINA; CANADIAN DELEGATE PONDERS U.N. ISSUE. Impact: This U.N. truce mission gave rise to the idea that diplomacy is just a fancy word for 'let's see how long we can talk without actually solving anything.' It also inspired countless sitcoms about inept diplomats fumbling through international relations.. Fact: Did you know that the U.N.'s idea of a 'truce' sometimes looks more like a long coffee break? It's all about the power of procrastination on a global scale!.
- Headline: Legion Asks Guard Call-Up. Impact: The American Legionβs call for Guard call-ups created a ripple effect, eventually leading to a world where every minor conflict results in a full mobilization, just in case someone looked at America funny. It's the military equivalent of bringing your entire family to a neighborhood BBQ.. Fact: Fun fact: The American Legion is basically the 'dad' of military organizations, always ready to call in backup for the simplest of disputesβlike whether to use gas or charcoal on the grill..
- Headline: SOVIET SATELLITES SHOW TRADE DROP; Big Decline in Sales to NonRed Lands, Rise in RussianExports Noted in U.N. Trade Balance Down. Impact: The decline in trade between Soviet satellites and non-Red lands led to a secret underground market for Soviet goods that made 'Black Friday' look like a leisurely stroll through a park. A few enterprising souls made a fortune trading in rare Soviet memorabiliaβlike those collectible spoons everyone pretends to cherish.. Fact: Did you know the Soviet Union had its own version of eBay? It was called 'Soviet Deals,' and the tagline was 'We guarantee you'll be disappointed!'.
- Headline: U.N. to Start Revising Pact. Impact: The U.N. revising its information freedom pact sparked a never-ending debate about what constitutes 'freedom,' leading to the invention of the phrase 'freedom fries' and a lot of confused diners in America.. Fact: Did you know that all this talk about freedom pacts and revisions could've been avoided with a simple 'let's all just chill'? But no, bureaucracy had to step in!.
- Headline: JOHN WILDBERG'S WIFE FOUND DEAD ON COAST. Impact: The tragic death of John Wildberg's wife led to a series of true crime podcasts, where amateur detectives dissect every detail, causing the rise of armchair detectives everywhere. Now, everyone thinks they can solve a mystery with a glass of wine and a Wi-Fi connection.. Fact: Did you know that true crime podcasts now have a larger following than actual crime-solving agencies? Who knew the key to justice lay in binge-listening?.
- Headline: Economist Faces Trial As Perjurer Tomorrow. Impact: The economist facing perjury trial sparked a wave of economic theories being questioned, leading to the eventual realization that maybe nobody actually knows what they're talking aboutβespecially when it comes to money.. Fact: Fun fact: This economist's trial made headlines, but the real story is that all economists have a secret pact to never admit they were wrong. Just ask anyone who's ever taken an economics class!.
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)