Breakthroughs and everyday innovations from the year.
HEADLINES ON December 27, 1950
Full News Archive
- Headline: Acheson Ouster Sparks Unity Debate. Impact: If only Langer had gone bowling instead of starting a political feud, maybe the Cold War would have been a friendly game of Monopoly instead.. Fact: Senator Langer's idea of unity was about as effective as trying to herd cats. Spoiler alert: it didn't work..
- Headline: Dr. Yukawa Becomes Columbia Physics Professor. Impact: Dr. H Yukawa's appointment led to a cascade of physicists realizing they could get paid for thinking deep thoughts, which in turn led to a massive increase in coffee consumption.. Fact: Yukawa was so brilliant, he could probably explain quantum physics to a goldfish and still have time for a nap..
- Headline: SUGAR QUOTA SET AT 8,000,000 TONS; Government Places 1951 Total at 150,000 Tons More Than Were Consumed in 1950. Impact: This sugar quota undoubtedly led to a nationwide crisis in dessert planning, and who knows? Maybe it inspired the Great American Bake Sale.. Fact: Setting a sugar quota is like putting a kid in a candy store and telling them they can only have one pieceβgood luck with that!.
- Headline: JUDGE TO FACE TRIAL FOR RETURNS ON FINES. Impact: This trial opened the floodgates for judges everywhere to be held accountable, creating a ripple effect that eventually led to courtroom dramas on television.. Fact: Judge Brems' trial was less about justice and more about proving that even judges can't keep their hands cleanβironic, isn't it?.
- Headline: PRICE ROLLBACKS AND REBATES LAG; Heavy Industries Found Slow in Following General Motors in Accepting Federal Policy BUYING AGENTS REBUFFED Companies Counseled to Wait Until Washington Can Decide What Profit Is Satisfactory. Impact: The sluggish response of heavy industries to price rollbacks led to more delays in the economy, paving the way for future generations to master the art of procrastination.. Fact: Buying agents were told to 'wait for Washington to decide'βwhich is like asking a sloth to pick up the pace..
- Headline: TOPICS AND SIDELIGHTS OF THE DAY IN WALL STREFT; 68-Year Record. Impact: This moment marked the beginning of the 'Wall Street Gossip Club,' where every minor fluctuation became a major headline and investors turned into amateur fortune tellers.. Fact: 68 years of records? More like 68 years of people pretending they knew what they were doing with their money..
- Headline: U.N. FORCES UNIFIED AS RIDGWAY LANDS TO TAKE COMMAND; 10th Corps Put into 8th Army as More of Men Saved From Beachhead Go Ashore CHINESE PUSH CONFIRMED Two Companies Are Identified as South of 38th Parallel, 28 Miles From Seoul. Impact: This unification of forces set a precedent for future military alliances, proving that sometimes you just need to put aside your differences and team up against the really bad guys.. Fact: The strategic decisions made here were so crucial that they probably inspired a whole bunch of war moviesβcomplete with heroic music and dramatic slow-mo..
- Headline: NEEDY CYRENAICA AN OMEN FOR LIBYA; Backward Farming Economy May Portend Poverty for Future Independent Sate. Impact: The agricultural struggles in Cyrenaica foreshadowed future economic challenges that would take decades to resolve, proving that a strong agricultural base is like a solid foundation for a houseβwithout it, you're just waiting for the roof to cave in.. Fact: The plight of Cyrenaica highlights how sometimes, even Mother Nature can be a real jerk, especially when it comes to farming conditions..
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)