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 May 20, 1953
Full News Archive
- Headline: East Indonesian Cmdr Denies Dutch Charges. Impact: Lt Col Warouw's denial led to a series of military blunders in East Indonesia that ultimately resulted in an international coffee shortage, as nobody could focus on their morning brews amidst the chaos.. Fact: Denial is not just a river in Egypt; itβs also a military strategy apparently..
- Headline: Queen Appoints Duke as Grand Master. Impact: The Queen's appointment of the Duke as Grand Master introduced an era of royal favoritism, making it socially acceptable for family members to get cushy jobs, which is why you can't swing a cat in a royal family without hitting a cousin in a high position.. Fact: Being a Grand Master sounds impressive, but it mostly involves scheduling tea parties and avoiding awkward family reunions..
- Headline: G.O.P. Strategy on Profit Taxation. Impact: The G.O.P.'s strategy to keep the excess-profits tax resulted in a long-standing tradition of corporations finding loopholes, which eventually led to the creation of tax accountants who are now revered as sorcerers of finance.. Fact: The only thing more certain than taxes is the fact that politicians will always find a way to keep them as complicated as possible..
- Headline: Fourth Generation Heads Gimbels; Bruce Succeeds Father as President -- Latter Named Chairman. Impact: Bruce Gimbelβs ascendancy to the presidency of Gimbels created a ripple effect in retail strategies, ultimately leading to the rise of overly ambitious mall Santas and the concept of 'doorbuster' sales.. Fact: At Gimbels, they say it's not about the sales; it's about the family drama that comes with the holiday season..
- Headline: Mrs. Horton, Waves' Chief in War, Hit Snag in U. N. Post Clearance; MRS. HORTO HIT SNAG ON U. N. POST. Impact: Mrs. Horton's snag in her U.N. post led to a series of delays that ultimately changed the way the U.S. approached international diplomacy, resulting in a generation of diplomats that spent more time in committee meetings than actually negotiating.. Fact: It's amazing how one loyalty probe can derail an entire diplomatic career. Who knew bureaucracy could be so catastrophic?.
- Headline: H. I. A. S. Chief in Europe Departs for Paris by Air. Impact: I. G. Jacobson's departure for Paris marked the beginning of a trend where people in charge of major organizations would frequently swap countries just to avoid dealing with their own problems.. Fact: They say Paris is always a good idea, unless you're running away from your responsibilitiesβthen it's just a picturesque escape..
- Headline: BUSINESS REPORTED STRONG IN QUARTER; Commerce Dept. Finds Rising Trend, With Sales Up and Orders Keeping Pace OUTPUT 10% AHEAD OF '52 Caution on Inventory Policies Is Noted -- Auto Production in May Is Topping April. Impact: The strong business report led to an overzealous expansion that ultimately created a bubble, which popped spectacularly and taught everyone that overconfidence in the economy is as reliable as a rubber band in a fire.. Fact: If only the Commerce Dept could predict the future as well as they predict rising trendsβmaybe theyβd be rich beyond their wildest dreams!.
- Headline: WOMEN'S CLUB ELECTS; 4 Vice Presidents and 9 Board Members Picked by City Group. Impact: The election of club officers set in motion a series of events that led to increasingly ambitious bake sales and neighborhood gossip that would rival the plots of daytime soap operas.. Fact: Womenβs clubs are like the original social mediaβjust with fewer emojis and more baked goods..
- Headline: Undercover Agents Denied. Impact: The denial of undercover agents led to a misguided sense of security, which ironically allowed more 'subversive' activities to flourish, paving the way for future spy movies that would glorify such incompetence.. Fact: In California, denying agents is just another Tuesday. Theyβd still blame the coffee for any strange behavior, of course..
- Headline: Smoky Midtown Fire Jams 8th Ave. Traffic; FIRE NEAR GARDEN TANGLES MIDTOWN. Impact: The smoky fire in Midtown became a pivotal moment in urban planning, leading to the creation of stricter fire codes that ensured people could focus on their shopping rather than dodging smoke clouds.. Fact: Nothing says 'New York City' like a smoky fire and gridlocked trafficβit's practically a rite of passage!.
Wall Street Time Machine
CVX
Chevron
Chevron - If you invested $1,000 in 1953, it would be worth $474,914 today (474.9x return)
GE
General Electric
General Electric - If you invested $1,000 in 1953, it would be worth $487,501 today (487.5x return)
IBM
IBM
IBM - If you invested $1,000 in 1953, it would be worth $205,272 today (205.3x return)