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 November 29, 1951
Full News Archive
- Headline: Veronese Painting Sells for $22,400. Impact: This sale sparked a frenzy for art collectors, leading to inflated prices that eventually birthed the modern art market. Who knew a pricey painting could give rise to hipster coffee shops and overpriced gallery openings decades later?. Fact: Did you know that for $22,400, you could buy a Veronese or approximately 7,000 cups of mediocre coffee? Priorities, am I right?.
- Headline: Winne Indicted for Gaming Misconduct. Impact: Winne's indictment led to a complete overhaul of gaming laws in New Jersey, which would eventually pave the way for Atlantic City to become the 'Las Vegas of the East'. Who knew one man's failure could fuel an entire gambling empire?. Fact: Did you know that Winne's misconduct was so egregious that it made the local news but didn't even register a blip on the national radar? Clearly, the bar was set low..
- Headline: Tax Aides Dismissed Amid Fur Coat Scandal. Impact: This scandal revealed the cozy relationships between politicians and tax collectors, leading to a public outcry for transparency that ultimately resulted in stricter regulations (and a few less fur coats).. Fact: Did you know that while fur coats were all the rage, the real scandal was probably about how many of those aides were just trying to stay warm during tax season?.
- Headline: Kheel Says He Will Mediate If Quill Calls Off Bus Strike; Some Companies Agree. Impact: This bus strike mediation led to the eventual establishment of labor rights in public transportation, which are still debated today. Talk about laying the groundwork for future negotiations over who gets the last seat on the bus!. Fact: Did you know that mediation is just a fancy word for 'let's sit in a room and try not to punch each other'?.
- Headline: RUSSIAN SAYS TITO IS VASSAL OF U.S.; U.N. Delegate Calls Yugoslavia an 'American Colony' Tied to West's Attack Plans. Impact: This statement deepened the rift during the Cold War, affecting Yugoslavia's foreign relations for decades and turning Tito into a symbol of resistance against Soviet influence. Itβs amazing how one comment can turn a leader into a legend.. Fact: Did you know that calling someone a vassal is just a really old-timey way of saying 'You're my sidekick'? In this case, it didn't go over well..
- Headline: Power Cut Halts Subways an Hour As $13,000,000, Unit Gets a Test; SUBWAYS HALTED BY POWER BREAK. Impact: This power cut led to a long-term investment in subway infrastructure to prevent future outages, which ironically turned out to be just as unreliable decades later. Thanks, technology!. Fact: Did you know that $13 million could buy you a lot of powerβlike a solid 10 minutes of subway run time? Worth it!.
- Headline: Czech Disappears in The Hague. Impact: The disappearance of this diplomatic aide raised eyebrows and concerns over international safety, highlighting the precarious nature of political asylum that continues to resonate today.. Fact: Did you know that disappearing in The Hague is a classic move for diplomats? They just love to keep us guessing!.
- Headline: RISE IN CREDIT LIKELY FOR PAYMENTS UNION. Impact: This rise in credit quotas set off a chain reaction in financial markets, influencing global credit policies and eventually leading to the 2008 financial crisis. Who knew a small change could lead to such a big mess?. Fact: Did you know that 'credit' is just a fancy way of saying 'you owe me'? So, it's basically the world's longest running IOU..
- Headline: Cattle Cause Air Crash. Impact: The tragic crash prompted more stringent regulations for air traffic safety and livestock management, changing how both industries interacted forever. Who knew a bunch of cows could lead to such chaos?. Fact: Did you know that the phrase 'flying the friendly skies' takes on a whole new meaning when there are actual cows involved? Talk about a flight delay!.
Wall Street Time Machine
PG
Procter & Gamble
Procter & Gamble - If you invested $1,000 in 1951, it would be worth $586,657 today (586.7x return)
MO
Philip Morris
Philip Morris - If you invested $1,000 in 1951, it would be worth $23,651,345 today (23651.3x return)
CVX
Chevron
Chevron - If you invested $1,000 in 1951, it would be worth $474,914 today (474.9x return)